A socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and sporting, public, and cultural events.

The Roscongress Foundation – a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and sporting, public, and cultural events.

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 126 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 69 countries worldwide.

RC personal account
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Ilya Torosov

Ilya Torosov

Deputy Minister of Economic Development of the Russian Federation
Quotes
04.09.2019
EEF 2019
Special Administrative Districts: One Year on
Should a business have questions regarding specific aspects of the procedure, I would advise writing to the Ministry of Economic Development. We will provide an official response with my signature within a week. It will clearly outline everything, and the information can subsequently be presented in print form
04.09.2019
EEF 2019
Special Administrative Districts: One Year on
Interest in special administrative districts is growing with each passing day. We are delighted to see this, but at the same time, we understand that we have to do more, and we have prepared a so-called third package of improvements. What does this encompass? First of all, it involves increasing the number of countries where companies qualify for redomiciliation
06.06.2019
SPIEF 2019
Corporate Social Responsibility as a Driver of Sustainable Development
A draft bill on public financial reporting has been drawn up. Large companies – both public and private – with revenues of 10 billion and more will have to disclose their information [on a mandatory basis, – Ed.]
06.06.2019
SPIEF 2019
Corporate Social Responsibility as a Driver of Sustainable Development
Public financial reporting is vital for transparency, business responsibility, and investment attractiveness. Russia does not currently have public financial reporting standards. They have not been brought in line with international standards. This is a problem that we are aware of and which we want to correct. A strategy to develop public financial reporting was adopted in 2017. <...> There is a global financial report disclosure rating, in which Russia occupies 22nd place, with Brazil and China in 8th and 13th. We see this as not good enough, and we understand that the situation must be corrected
06.06.2019
SPIEF 2019
Partnerships Between the State and Society to Provide Social Guarantees
This is a new thing even on the global level. First such projects were launched in 2010. <…> There are only 130–140 projects worth USD 450 million in the world
06.06.2019
SPIEF 2019
Partnerships Between the State and Society to Provide Social Guarantees
The main problem that we are facing is the target use of budget funds; making sure that they are spent in a right way
06.06.2019
SPIEF 2019
Partnerships Between the State and Society to Provide Social Guarantees
There is a request from the society. According to sociologists, over 90% of corporate employees in Russia believe that the social impact of company activities is way more important than the economic one
15.02.2019
Russian Investment Forum 2019
Green Financing: Developing the Responsible Investment Market
Currently our market is not yet formed. Therefore, we believe that investors should also be supported. So, we plan to discuss complete or partial renunciation of interest income tax for ‘green’ stock <…> to spread ‘green’ stock in a similar way to high-tech stock, maybe using the income tax rate for the conversion of such stock
15.02.2019
Russian Investment Forum 2019
Green Financing: Developing the Responsible Investment Market
The ‘Ecology’ project accounts for 3.2 trillion roubles of off-budget expenditures that we have to finance with ‘green’ stock
15.02.2019
Russian Investment Forum 2019
Green Financing: Developing the Responsible Investment Market
The market of ‘green’ stock has already reached USD 390 billion. <…> Each global centre has a section of ‘green’ stock. <…> In Luxembourg a separate ‘green’ stock exchange has been established. The world has been living with ‘green’ stock for a while