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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‘Tourism and the Hospitality Industry’: New Investment and Technological Opportunities for the Sector
5 June 2021

In the years to come, Russia faces the rather ambitious task of developing a high-quality tourist product. As part of a new national project entitled ‘Tourism and the Hospitality Industry’, as well as the national project to develop the country’s export potential, Russia is developing measures to increase the flow of tourists with the aim of increasing the proportion of exports from tourist services from USD 8.9 billion (2017) to USD 15.5 billion (by 2024). On the one hand, Russia has enormous potential to develop this sector, given that the country boasts unique natural resources and sites of global cultural and historical significance. The government is actively supporting the development of domestic tourism, not only by funding and improving infrastructure but by working directly with citizens through innovative financial solutions with the help of modern technologies. Moreover, according to estimates by the Central Bank of Russia, the economy lost 2 trillion roubles last year due to closed borders and travel limitations during the pandemic. On the other hand, according to official data, domestic tourism did not take off either. On the contrary, the overall stream of domestic tourists in Russia over 2020 decreased by 35–40%. What key challenges is the sector currently facing? What will the new state support measures to develop infrastructure and spaces look like? How can we make the tourism industry more attractive to investors?

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Conference hall
Congress Centre, conference hall D1
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