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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Andrey Klepach

Andrey Klepach

Chief Economist, VEB.RF
Quotes
03.09.2021
EEF 2021
Science and Innovation: Risks in the Name of Development
Management is one of the key risks. The prevailing idea is to attempt to control everything. Everything is built upon a suspicion that the money will not get to where it’s needed, and tasks will remain unfulfilled. The planning timeframe is a year – sometimes less. It is impossible to create something in these circumstances, particularly something risky that might break new ground. Progress is made not thanks to these factors, but in spite of them. We need to have long-term plans and benchmarks in place, and not try to live from one day to the next
03.09.2021
EEF 2021
Science and Innovation: Risks in the Name of Development
The biggest risk is having excellent plans and strategic goals, and then not realizing them. This is not so much a danger to the fundamental sciences, because in recent years salaries have increased, and universities have begun to conduct research. For the applied sciences though, the situation is far riskier and more difficult. Businesses have begun to invest in new technology, and not only in traditional areas, but also in hydrogen cells for rail and road transport. On the part of VEB, this work is also being done at Rusnano and Skolkovo
03.09.2021
EEF 2021
Science and Innovation: Risks in the Name of Development
The government has announced a whole range of strategic initiatives, encompassing a number of project benchmarks. These include autonomous vehicles, and strategic initiatives in hydrogen power and nuclear energy. There are some very ambitious scientific objectives, but they require a completely different level of funding. In my opinion, there is huge demand for the government to substantially increase spending on the fundamental sciences
03.09.2021
EEF 2021
Science and Innovation: Risks in the Name of Development
We have talented people and excellent science and engineering schools. These people are capable of developing new aircraft and rockets. However, we need to see a major change to the funding situation, because in another 10–12 years, this will not be the case, and we will lose in the scientific and technological race
04.06.2021
SPIEF 2021
New Challenges for the Green Economy: Could the Crisis Delay the Inevitable?
The government is developing several initiatives that will complement the environmental agenda, including the establishment of trade with green certificates [renewable energy certificates, a financial and regulatory instrument to implement a mechanism for placing quotas on renewable energy and supporting its development] so as not to buy them abroad, but in Russia. That means an e-commerce platform will be created
05.09.2019
EEF 2019
Countries Competing for Economic Growth: What is Russia's Plan?
If we were to take healthcare and education and calculate their funding shortfall, it would at least be in the range of 1.5 to 2 percentage points of the GDP, at least RUB 2 trillion. This is what we should not save but should invest in the development of our economy instead
05.09.2019
EEF 2019
Countries Competing for Economic Growth: What is Russia's Plan?
Accelerating economic growth, even by 2 to 3%, is impossible with today's strict monetary policy. So, no matter how much we talk about it, the issue remains. Our money is too expensive
06.06.2019
SPIEF 2019
Banking Sphere. New Opportunities for Interaction in Industrial and Financial Spheres in the Context of the Russian-Chinese Integrated Energy Cooperation
A quantitative increase in financing is impossible without the active use of national currencies, not only in terms of trade settlements but also in terms of financial lending
06.06.2019
SPIEF 2019
Banking Sphere. New Opportunities for Interaction in Industrial and Financial Spheres in the Context of the Russian-Chinese Integrated Energy Cooperation
A change is taking place not only in the whole of the Russian economy in the East, but first and foremost in our energy complex. We expect that oil exports to China will increase from approximately 20% to a third by 2025, and gas will increase from 6% to 18%, especially with the launch of the Power of Siberia pipeline. Coal exports are also being redirected to China in a significant way
06.06.2019
SPIEF 2019
Shaping the Industry of the Future. Digital Technology in Manufacturing
We are 90% dependent on foreign industrial supplies, mainly American, and even those that United Aircraft Corporation, United Shipbuilding Corporation and Siemens use for construction are based on American source codes and tech
24.05.2018
SPIEF 2018
Business to the Rescue: Addressing Social Inequality on a Global Scale
In Russia, there is no tradition of inheritance transfer. Our business and our elites are yet to develop a certain tradition, and before introducing an inheritance tax, it is important to create such a tradition
24.05.2018
SPIEF 2018
Business to the Rescue: Addressing Social Inequality on a Global Scale
In matters of inheritance, it is important to use the experience of the United States and European countries. They create funds that are governed like a trust by the majority of the inheritance that is transferred to this fund, rather than being shared between the former tycoon family members
24.05.2018
SPIEF 2018
Business to the Rescue: Addressing Social Inequality on a Global Scale
Inequality is not always the same. There is an inequality that arises from technology development, and it is an engine. There is inequality, which is based on serious economic growth, this is China. <...> In Russia, the situation is not related to the economic growth, but rather to those processes that occurred in the economy in the 90s. Therefore, inequality in Russia is perceived in a different way. The issues of inequality, growth and social stability are different