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 133 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 70 countries worldwide.

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The role of the third sector in Russia’s socioeconomic development
2 June 2017

Modern economic policy is focused on delivering an optimal combination of economic efficiency, social security, and equity. The emergence of the non-commercial sector as a meaningful factor in the country’s economic life is becoming an urgent issue. The contribution made by not-for-profit organizations to Russian GDP was less than 1% in 2016, while it reaches 10% in many developed economies. Why is the social sector still undervalued in Russia, and what steps should be taken to enhance the financial and legal capabilities of non-profits? How can the financial stability of NPO operations be strengthened, and what can be done to broaden the sector’s role in the social services market?

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