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

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Russia–Germany
24 May 2018
11:00—12:15
KEY CONCLUSIONS
Russian economy needs to be modernized

In Russia, modernization and increasing labor productivity come front and centre. The word ‘modernization’ gets a new meaning. We are now talking about the impact of digital technologies and artificial intelligence on production — Klaus Mangold, Chairman of the Supervisory Board, TUI.

Volume of German investment in Russia is growing

One fifth of the trade volume between the EU and Russia is with Germany. Despite the sanctions, German investments over the past year have grown up to 18 billion dollars a year. Five thousand enterprises with the participation of the German capital are registered in Russia — Alexey Gruzdev, Deputy Minister of Economic Development of the Russian Federation.

German equipment is used actively for modernization of Russian enterprises

Over the past ten years we modernized our enterprises, and we always used German equipment. We spent 500-600 million euros for that purpose — Dmitriy Pumpyanskiy, Chairman of the Board of Directors, Tube Metallurgical Company (TMK); Chairman of the Board of Directors, Sinara Group.

We created from scratch the enterprise for production of rolling stock for the Russian railways. Revenue is one billion euros per year. We use German technology to change the face of the Russian railways. ‘Sapsan’, ‘Lastochka’ and heavy-duty locomotives ‘Granit’ and ‘Sinara’ are the examples of such cooperation — Dmitriy Pumpyanskiy, Chairman of the Board of Directors, Tube Metallurgical Company (TMK); Chairman of the Board of Directors, Sinara Group.

Germany has the know-how that can increase labor productivity in Russia. Russia can become a source of raw materials for German enterprises and become the market for German goods — Alexey Mordashov, Chairman of the Board of Directors, Severstal.

ISSUES
Sanctions are in the way of bilateral cooperation

Outer challenges greatly influence the development of Russia's economy. Many entrepreneurs are under pressure of unilateral sanctions, which undermine competitiveness and adversely affect the prospects for bilateral cooperation — Alexey Gruzdev, Deputy Minister of Economic Development of the Russian Federation.

Regulatory contradictions

The industry is much more fragmented in Russia. This means that we as a company do not work the way we are used to in Germany. We must improve the efficiency of business processes and transfer them to the working ground. The standards of documentation in Russia are much more extensive than what we are used to. Digital signature is not as developed as we would like, and there seems to be no perspectives — Christian Peter Bruch, Member of the Executive Board, Linde AG.

SOLUTIONS
Developing competition

We must not allow protectionism to triumph. Only free competition can create global products. We also need to respect the law and build mutual trust. The rules of the game should not change — Alexey Repik, President, Delovaya Rossiya (Business Russia).

Localizing production

Localizing production plays an important role for us. In our industry, there are three stages of localization: ingredients, formula and packaging. We actively work with our partners to reach all three of those stages — Niels Hessmann, General Director, Bayer; General Representative, Russia and CIS, Bayer.

Digital economy will increase labor productivity

Requirements are similar all around the world: cost reduction, speed increase and quality improvement. Digital economy is an individual process, and cooperation between technology companies and customers on individual basis is very important. We work closely with KAMAZ and we create a project office with it. Digital economy allows us to increase productivity — Alexander Liberov, Chief Commercial Officer, Siemens Russia..

The material was prepared by the Russian news agency TASS