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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What are the Key Barriers and Bottlenecks for Small Business to Access Financial Markets? Open Debate
5 June 2019
10:00—11:30
Availability of credit to small businesses remains a pressing problem for the banking system and the economy as a whole. Low loan rates and government support programmes were the main drivers of the SME-lending segment in 2018. As part of the federal project ‘Expansion of access for SMEs to financial resources, including preferential financing’, a number of programmes for preferential lending for SMEs were re-launched. Public funding is available at subsidized interest rates and the list of authorized banks is being extended. Are entrepreneurs well-informed about the availability of subsidies and what their key needs are? Notwithstanding the large quantity of public funds and programmes currently in operation, their ability to target the correct recipients and the efficiency of resource allocation remains questionable. The team ‘Entrepreneurs’ and the team ‘Financiers’ will discuss availability of small business financing, as well as the scope and reach of state support programmes for SMEs. The discussion will touch upon the topical issues of account blocking and blacklisting, as well as the effectiveness of support programmes.
Key topics to be addressed in the session are:
• How can the transparency of blacklisting processes be increased and losses from account blocking reduced?
• Can the rates of the loans available to SMEs be low and the SME lending grow rapidly at the same time?
• How effective are support programmes and are businesses aware of the support available to them? How widespread is the practice of SMEs receiving funds?
Date
05.06.2019
Forum
Russian Small and Medium-sized Enterprises Forum (SME Forum)
Started at
10:00—11:30
Conference hall
Pavilion G, Conference Hall G3
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