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 160 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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Will Loans Remain the Best Funding Instrument or Are There Better Alternatives?
2 June 2021
10:00—11:30
Team A: SME loans are the best funding instrument, especially when it comes to preferential programmes.

Argument: loans are the simplest and most convenient funding instrument. There are a lot of banks and credit programmes available in the market. Moreover, there is a wide range of different support programmes. Loans are the easiest funding mechanism for entrepreneurs to understand, which is why it is best to start with loans when attracting investment. For the majority of entrepreneurs, loans are the best and simplest solution to avoid excess risks and obligations. What’s more, there is an opportunity to acquire preferential loans, which have minimal borrower requirements. Loans are also the easiest option if businesses decide to restructure or take a repayment holiday, if necessary.

Team B: alternative forms of funding are far more effective, convenient, and advantageous than loans.

Argument: any business, even a microbusiness, must consider alternative funding options, because they are more interesting, advantageous, and better than credits. Alternative funding instruments take into consideration the unique needs of their clients, and may therefore offer better conditions. Such forms of financing include leasing, factoring, microfinancing, and crowdfunding. If a small or medium-size business has already tried loans, they can still consider alternative options, including flotation. The Growth Sector programme exists for that purpose. Moreover, the government will reimburse floatation costs, including the expense of getting rated. This option might appeal to a small business that wants to release shares with a paid-in value as low as RUB 200–300 million.
Date
02.06.2021
Forum
SPIEF
Started at
10:00—11:30
Conference hall
Congress Centre, conference hall D4
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