The capital of the
Republic of Abkhazia played host to the 9th AbkhaziaRussia Business
Forum on 12 October 2018. The event, which was organized by the Ministry of
Economic Development of the Russian Federation and the Ministry of Economy of
Abkhazia with the support of the Roscongress Foundation, is aimed at developing
business, economic and cultural ties between the two countries. The Forum was
attended by high-profile speakers and approximately 400 participants, who
discussed the possibility of expanding and deepening inter-regional contacts,
the prospects for foreign economic activity and strengthening cooperation in
various strategically important sectors.
The main event of the 9th AbkhaziaRussia Business Forum was the
plenary session «AbkhaziaRussia: Ten Years of Intensive Cooperation, Current
Achievements and New Horizons,» which summed up the results of this cooperation
and outlined plans for joint activities moving forward.
«The annual AbkhaziaRussia Business Forum plays an important role in the
development of economic relations between the Republic of Abkhazia and the
Russian Federation and actively promotes the strengthening of allied relations
and strategic partnership,» President of the Republic of Abkhazia Raul Khadzhimba noted in his welcome
address, which was read out by the Head of the Presidential Administration
Beslan Bartsits. «It is only through joint and well-organized work that we can
achieve positive results and ensure that trade, economic and investment ties
continue to grow. I am confident that by uniting our efforts, we will be able
to deal with the challenges of the modern world.»
The head of the Russian delegation, Deputy Minister of North Caucasus
Affairs of the Russian Federation Igor
Koshin said that Russia would remain the guarantor of Abkhazias
sovereignty and continue to provide financial assistance. At the same time, in
order to ensure sustainable socio-economic development, Abkhazia needs to carry
out effective legislative reforms, improve law enforcement practices, create a
favourable investment climate and resolve issues related to infrastructure
development and energy security.
«The Russian Federation, like an older brother, is creating opportunities
for the development of the Republic of Abkhazia. We are extremely interested in
unlocking the potential of this culturally rich country, with its supremely
spiritual people and breath-taking landscapes. We have built a foundation over
the past ten years, but now we have to press forward and pick up the pace,» Igor Koshin concluded.
Extraordinary and Plenipotentiary Ambassador of the Russian Federation to
the Republic of Abkhazia Alexey Dvinyanin and Vice Prime Minister and Minister
of Finance of the Republic of Abkhazia Dzhansukh Nanba, as well as
representatives of the business communities of the two countries also spoke at
the plenary session.
The Forum continued with roundtable discussions «Foreign Economic
Cooperation Between Abkhazia and Russia: Problems and Prospects,» «Cooperation
and Interaction in Tourism: Ways to Improve the Quality of the Tourism
Product,» «The Banking Sector as a Factor in the Growth of the Abkhaz Economy
in the Context of Bilateral Cooperation» and «Cooperation in Information
Technologies and Innovative Development,» as well as a meeting of the
RussiaAbkhazia Business Council.
The participants in the roundtables discussed promising areas for expanding
mutual trade between Russia and Abkhazia, supporting export as a priority area
of government economic policy, the state strategy for the development of
tourism in Abkhazia, the use of progressive experience and technologies in the
banking sector, and the digital transformation of the countrys economy and
The event is traditionally organized by the Ministry of Economic
Development of the Russian Federation and the Ministry of Economy of Abkhazia with the support of the
Photographs and press
material from the event are available at the link: https://goo.gl/9gmWdD.