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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The Influence of SME Ecosystems on the Global Economy
1 June 2017

A state’s SME ecosystem plays an important role in the development of its socioeconomic functions. Economic development is driven by small and medium-sized enterprises, which create additional jobs and bring about an increase in tax revenues. The share of SMEs in GDP has been rising steadily throughout the world over the past few years. In Russia, however, it has stayed more or less stable. How can we determine the impact of the SME ecosystem on the economy? Can SMEs become a driver of economic growth in Russia? What could explain such a huge difference in SME development levels? How were high GDP shares for SMEs achieved in the world’s leading economies? Are these mechanisms applicable to Russia? What factors can drive the growth of SMEs? How can Russian small and medium-sized enterprises integrate into the supply chains of foreign businesses?

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