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 162 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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Mikhail Orlov

Mikhail Orlov

Partner, Head of Tax and Legal, KPMG in the CIS
Quotes
02.09.2021
EEF 2021
Rebooting the Insular Territories of the Far East – Special Terms for Investment
When we look at our colleagues, especially those from the APR countries, we see that the creation of different zones pursues different goals. All goals are equal and deserve attention
02.09.2021
EEF 2021
Rebooting the Insular Territories of the Far East – Special Terms for Investment
A lot of development tools have been introduced in the Far East. We know about the advanced special economic zones, the regime of the preferential Free Port of Vladivostok, and the regime of special administrative regions. Just a month ago, the government announced its intention to create more special regimes for the Kuril Islands
02.09.2021
EEF 2021
Competing for Investment: How to Win
Tianjin Economic-Technological Development Area in China has existed for 37 years, the Incheon Free Economic Zone in South Korea has existed for 18 years, and the Nadezhdinskaya ASEZ has existed for 5 years. <…> It’s greatly concerning to hear things like we’ve achieved something amazing, so let’s think of something new. That’s not how it should be – it needs time. Today, the Far Eastern Federal District has the highest number of incentive regimes. We created special economic zones. When that didn’t work out, we created advanced special economic zones, then the Free Port of Vladivostok, then special administrative regions. <...> And in August a new special regime was put in place on the Kuril Islands. It is my impression that we want to achieve a fast result within five years. <…> That does not sit right with me. We can look to our neighbours and see how they patiently developed their ASEZs step by step. What is it we are lacking today? Patience and graduality
02.09.2021
EEF 2021
Competing for Investment: How to Win
Of course, Russia’s Far Eastern Federal District forms part of the Asia-Pacific market. There are both advantages and disadvantages in this. One disadvantage is that our competitors are players who already have a fair amount of experience in this market, such as South Korea, China, and Singapore. It is very difficult to compete with these nations on equal terms. However, there are advantages too. <…> We can draw upon their experience and avoid making the mistakes that they made in the past
24.10.2019
Russia- Africa Economic Forum 2019
New Forms of Cooperation between Russia and Africa: Opportunities for Special Economic Zones Based on the Project to Establish a Russian Industrial Zone in Egypt
Lack of information is one the major problems both in Egypt and all over Africa. It is not there, and it is really hard to extract in a consistent manner
24.10.2019
Russia- Africa Economic Forum 2019
New Forms of Cooperation between Russia and Africa: Opportunities for Special Economic Zones Based on the Project to Establish a Russian Industrial Zone in Egypt
The industrial zone project in Egypt is a very different scale than just an industrial park. Such zone is a hub, where and around which a competence centre is created. The imprint that Russia will be leaving over the upcoming years and decades around this hub is going to be much more significant than just some profit, some goods that are produced and sold. This is going to be a huge community of people who will have received education according to our technologies, approaches and standards
23.10.2019
Russia- Africa Economic Forum 2019
Economic Sovereignty for Africa: Problems and Solutions
Public-private partnership projects can be implemented in Africa and used to review a whole range of problems
04.09.2019
EEF 2019
Russia and the EAEU in the Asia Pacific: Key Integration Factors and Prospects for Strengthening Business Ties
The Far East could become an experimental platform for preferential regimes, which would allow us to understand how they would subsequently operate across the whole of Russia. However, there would be no sense in doing this if business conditions and taxation keep changing. That is why we are calling on the government to ensure a stable environment
04.09.2019
EEF 2019
Russia and the EAEU in the Asia Pacific: Key Integration Factors and Prospects for Strengthening Business Ties
Investors in the Far East are worried about the complexity of tax legislation and the lack of stability in it. The Far East is a leading region in Russia in terms of the number of preferential regimes per capita. This number makes it hard for a foreign investor entering the region to figure things out. <...> Conditions for organizations which have already joined projects keep changing
04.09.2019
EEF 2019
Preferential Regimes for Investors: Current Progress and New Challenges
There is one significant difference between our ASEZs and preferential regimes in other countries, or the Asia Pacific at least. That is, we are attempting to create a preferential regime for the company in front of us. This is typically a company that manufactures goods or extracts resources – an industrial company. In other countries, the focus is on developing the services sector. It appears to me that we very rarely pay attention to the services sector
04.10.2018
Russian Energy Week 2018
Increasing the Efficiency of Oil Production: Responding to the Challenges
I was embarrassed to ask the question of why we needed 550 million tonnes of production given that we had planned much less. The only answer I can come up with is that maybe oil will not be needed at all in 5–6 years. It’s pointless now to conserve and reduce oil production while expecting to produce it for another 70 years, given that alternative sources of energy will put an end to oil as the main energy industry in the next 10 years
04.10.2018
Russian Energy Week 2018
Increasing the Efficiency of Oil Production: Responding to the Challenges
When there are a lot of benefits, this means that the [tax] regime is initially wrong
25.05.2018
SPIEF 2018
Fiscal and Tax Policy as Factors Affecting Economic Growth
In 1998, when the Tax Code was adopted, it was called an act of direct action that would create clearer tax rules. Much has changed in 20 years. The code has now lost this defining quality. There are a lot of reference rules to the acts of executive authorities. In the first part of the Tax Code alone there are more than a hundred references. Different articles of the Tax Code are set up as if they were the only ones of their kind, and they have no connection to the previous sections or to those that follow. We lack a codified act at present.