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

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, 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, 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 5,000 people working in Russia and abroad.

The Foundation works alongside various UN departments and other international organizations, and is building multi-format cooperation with 173 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 78 countries worldwide, and 188 Russian public organizations, federal and legislative agencies, and federal subjects.

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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Investing in Russia’s Future: How Can National Projects Become Attractive to Investors?
7 June 2019
Foreign business is ready to invest in national projects

Foreign investors willingly invest in our infrastructure because they see the opportunities it offers and the potential for profit — Sergei Ivanov, Special Presidential Representative for Environmental Protection, Ecology and Transport.

They [the member companies of the American Chamber of Commerce in Russia, – Ed.] will get involved and will invest. If there is a big project and you need to supply goods and comply with a certain level of localization, this level of localisation will be implemented — Alexis Rodzianko, President, American Chamber of Commerce in Russia.

We are guided by the ideology of entrepreneurship – if there is a culture of entrepreneurship and freedom for entrepreneurs we will go there — Nicolas Dufourcq, Chief Executive Officer, Bpifrance.

We realized that we can attract a large number of foreign investors to the healthcare sector, and we believe that we can help transform the entire industry — Erman Ilıcak, President, Ronesans Holding.

Lack of trust between government and business

The entrepreneurial climate, the confidence of entrepreneurs in the future, and power politics, which have become more acute of late, are significant issues that we have to deal with — Kirill Dmitriev, Chief Executive Officer, Russian Direct Investment Fund (RDIF).

If there is an absence of trust between a fund and companies that invest, no projects get implemented — Vladimir Evtushenkov, Chairman of the Board, JSFC Sistema.

Today there are not enough companies or entrepreneurs involved in national projects. We need to create new markets and re-establish trust between the state and entrepreneurs — Andrey Kuzyaev, President, Chairman of the Management Board, Member of the Board of Directors, ER-Telecom Holding.

78 percent of civil servants and 22 percent of businesses have faith [in national projects, – Ed.]. These statistics come amid news that foreign investors are ready and willing to invest in national projects and the Russian economy as a whole — Evelina Zakamskaya, Editor-in-Chief, Doctor Channel; Anchor, Russia 24.

State support for investors

How to make national projects effective – the state should offer just enough support to keep our investments to a minimum, but at the same time investors should receive a minimum rate of return. Then everything will be managed better and done as it should be — Kirill Dmitriev, Chief Executive Officer, Russian Direct Investment Fund (RDIF).

There should be five or six funds [like the RDIF, – Ed.]. Firstly, this would mean that we could choose between funds, and secondly, it would be better for the economy — Vladimir Evtushenkov, Chairman of the Board, JSFC Sistema.

After the success of the RDIF, the Russian Federation should allocate resources so that we can look into what is required in the future – just the RDIF or many such funds — Dominique Strauss-Kahn, Managing Director, Parnasse SARL.

You cannot separate the private and public realms – the goal should be to form public-private partnerships — Mark Kurtser, General Director, Mother and Child Group of Companies .

The state plays a vital role in regulating the pharmaceutical industry: if back in 2010 the state had not begun to amend legislation on the distribution of medicines, then chances are nobody would have invested in the industry. And the boom in the development of technologies in Russia related to the production of high-tech products would not have happened — Petr Rodionov, General Director, Geropharm.

Project development in detail

Implementing national projects can be difficult. These include many individual initiatives and projects that must go through a specific filter. <...> As possible investors in national projects, we would like to avoid having to take decisions immediately at the conception state. All projects should go through certain stages, and they need to be carefully analysed and developed — Dmitry Konov, Head of the Administration of the Gusevsky City District Municipal Structure.

There are three factors of particular importance for national projects. The first factor is the provision of a turn-key project that is ready for investment. <...> The second is a team capable of implementing the project, and the third is large-scale and long-term investments from investors with a clear understanding and vision of the opportunities offered by the project — Karima Nigmatulina, General Director, Vi Holding.

Increasing the level of trust

The most important thing is entrepreneurial activity and trust between the state and business. Trust is indeed a key factor that needs to be worked on as we move forward — Kirill Dmitriev, Chief Executive Officer, Russian Direct Investment Fund (RDIF).

The way I see it the RDIF is the most successful national project; a project that garners a high level of trust, and in the investment world trust is key — Andrey Guryev, Chief Executive Officer, Chairman of the Management Board, PhosAgro .

The material was prepared by the Russian news agency TASS