A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 159 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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New Conditions for Doing Business in Russia’s Far East: First Success Stories
27 February 2017

In partnership with the ministry for the development of the russian far east In 2016, a comprehensive set of new conditions were introduced for investing and doing business in russia’s far east: advanced special economic zones (asezs), vladivostok free port, targeted infrastructure support, and concessional financing for projects (up to 5% per annum in roubles). The application of new tax and administrative regulations is already enabling russia’s far east to compete freely with leading economies in the asia-pacific region and with other regions of russia for investment resources. Russia’s far east can offer projects with a return on investment surpassing the market average, as well as access to natural resources and a qualified workforce. The first results are already in: following the adoption of the new development tools in 2016, 24 new enterprises were launched; in 2017 the figure will be 75, with a total of 280 in the coming three years. To what extent are new development tools required, and what influence do they have on the investment market? What are the russian far east’s competitive advantages in comparison with asia-pacific countries and other regions of russia? What impact are the free port and asez schemes having on projects? How does accessible financial support for projects in russia’s far east work in practice?

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