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 179 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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Vladimir Efimov

Vladimir Efimov

Deputy Mayor of Moscow in the Government of Moscow for Economic Policy and Property and Land Relations
Quotes
17.06.2022
SPIEF 2022
Fiscal and Tax Policy. The New Reality: Challenges and Opportunities
As much as we would like to, we won’t able to balance out everyone the same in terms of quality and quantity. When we talk about investing and where to invest, it’s important to choose the most effective projects. Even within a city, we understand that we have to invest in what will produce the greatest multiplier effect. By creating, for example, a metro station or building a transport interchange, we significantly increase the appeal of that territory and launch private projects that are already generating income and returning money to us
17.06.2022
SPIEF 2022
Fiscal and Tax Policy. The New Reality: Challenges and Opportunities
We understand that the cost of a quality standard is different depending on how large a locality is. To ensure that an educational or medical institution can function in a small village, we understand that they need three to four times more money. We can afford to have a school for a thousand children, and we can have two. The school’s efficiency is several times higher than a school’s efficiency per 100 students in terms of a teacher’s load and the salary that we can provide for such a teacher, and, of course, in terms of the quality of the school itself, because our costs per student will be significantly lower
17.06.2022
SPIEF 2022
Fiscal and Tax Policy. The New Reality: Challenges and Opportunities
When we talk about equal conditions for the regions in terms of inter-budgetary legislation, this is definitely the case. There is the Tax Code and the Budget Code, which clearly regulate these rules. [Russian Ministry of Finance] Anton Germanovich [Siluanov] correctly points out that the Ministry of Finance is allocating serious support for the regions that lack [funds] and has been indexing it lately. This enables us to provide basic services
17.06.2022
SPIEF 2022
Assessing the Business Environment, Investment Climate, and Investment Potential of the Constituent Entities of the Russian Federation
[We have to] work face-to-face with investors and enterprises. Take industry, for example. We have about three thousand enterprises operating in the city. We’ve gone in person to approximately 70% of these companies. Almost all of them experience difficulties in their day-to-day operations, with investment and production, that need to be resolved with the help of the authorities. We launched an industrial support centre this year, a one-stop shop for our industrial enterprises. It helps with everything from more trivial tasks like organising a car park to obtaining permits from the authorities
04.06.2021
SPIEF 2021
Regional Development: An Economy of Possibilities
Here is a question related to current cost optimization. It cannot be resolved without economic incentives. <...> When it comes to current cost optimization, it should just be our goal – it should come with economic incentives. If you ask what money we have freed up, it includes optimizing education, healthcare and social infrastructure in general. <...> Regions should have a sense of security, when they enjoy a stable situation and economic incentives: if you managed to save money, you can use it for development. In this case, the number of schools with one student only will be going down. The funds that free up can be used for road development, for instance
04.06.2021
SPIEF 2021
Regional Development: An Economy of Possibilities
We will not resolve the regions’ issues. When say ‘take it from them and redistribute’, which includes expenditures on the unemployed, it means taking our investment expenditures from us and ten other regions, which will suffer from this decision
04.06.2021
SPIEF 2021
Regional Development: An Economy of Possibilities
When we address region’s affluence – as Mr Siluanov rightfully puts it – we need to target social issues. This is the only way, while the funds need to be targeted. Another question goes out to the regions. <...> Sense of security is very important. If only they knew that subsidies from the federal budget are fixed for five years and cannot be changed (only adjusted based on the inflation level), the regions would be motivated to optimize their current expenditures. This would allow them to free up money and use it for investment, otherwise it will simply not work out. Most importantly, revenues will not go up, unless investments go up. <...> If the Ministry of Finance could set the level of transfer payments for some time – let’s say 3–5 years – it would give regions an impetus to improve their efficiency
04.06.2021
SPIEF 2021
Regional Development: An Economy of Possibilities
Everybody thinks that Moscow’s budget is huge. <...> Over the last years, since 2011 – if we take comparable prices – it went only 8% up. This figure is comparable to the changes in the federal budget, though its growth rate has been a bit higher. However, our investment share went up from 15% to 37–38% only because we realized that these revenues depended solely on our own efficiency. It does not change much with time. We started optimizing our current expenditures. <...> It freed up some money, which we immediately started investing. These investments take some time to show effect. In 2011–2012, the budget structure changed, and we started investing, while it gave its first results around 2015–2016
04.06.2021
SPIEF 2021
Regional Development: An Economy of Possibilities
Over the last years, we have witnessed the following pattern: one rouble of our investment brings three roubles of private investment. <...> At the same time, we have calculated the positive value for money based on fiscal revenues. It means that on average every rouble of our investment brings three roubles of private investment and 60 additional kopecks to the federal budget. <...> Moreover, these investments create a tax base for the future, which helps this money earn even more in the future
04.06.2021
SPIEF 2021
Regional Development: An Economy of Possibilities
As for budget expenditures, we believe they should be split into two parts. <...> There are regional obligations and targets set by the President, <...> which must be fulfilled. Yet, many of those targets are current ones. They include social commitments and maintaining the region’s status and ability to function. It is definitely the costs and obligations, which, as Mr Siluanov has rightfully put it, regions are unable to maintain without the federal budget. There is another important part to it, which is regional investment. Why is it important? Because private investment will not be possible without regional investment, first and foremost in infrastructure
04.06.2021
SPIEF 2021
Regional Development: An Economy of Possibilities
Mr Makarov, you showed a slide with the investment share being down from 17% to 11%. What does it tell us? It tells us we are cutting on our own opportunities for earning. The less we invest, the less we earn
04.06.2021
SPIEF 2021
Regional Development: An Economy of Possibilities
Indeed, any region <...> has opportunities. The question is whether conditions are stable. Today, we have discussed regional subsidy recalculation. It applied to the regions that got subsidies from the federal budget. The change in the tax legislation simply deprives us of our income and redistributes it in favour of the federal budget. Long-term and mid-term investment takes stability, which will motivate regions to strive for additional earnings. <...> If we redistribute what regions with a high share of investment earn, we will make things worse mid-term. This is why stable conditions we work under <...> are crucial for all regions. In this case, optimization mechanisms get launched at the bottom or micro level. It means that you can change the system at the macro level. Otherwise if you improve your efficiency and it is taken away, what is the point of it?
03.06.2021
SPIEF 2021
Innovations and Investment Driving Broad Regional Development
As far as infrastructure projects are concerned, we are considering a major project called ‘Industrial Quarters’, which involves the comprehensive development of territories in Moscow. We plan to involve total area of around 2,000 hectares in this programme. We see potential construction volume on this area of about 40 million square metres of both commercial as well as industrial and office premises. Of course, some part of it will be housing construction