Corporate Communications

VTB Capital participated in the St. Petersburg International Economic Forum

22 June 2013
VTB Capital took part in the St. Petersburg International Economic Forum, held on 20-22 June 2013, where the company’s executives attended key event sessions.

On the first day of the Forum, a panel session on "Making tough decisions in reforming global finance" was held in cooperation with VTB Capital, where Andrey Kostin, VTB Bank President and Chairman of the Management Board, took part. During the event, leading international and Russian economists and government representatives discussed effective reform of the financial system.

Alexei Yakovitsky, Global CEO at VTB Capital, spoke at an open debate on "European fissures: taking the hard decisions to end the crisis", where experts discussed the best ways to draw a line under the ongoing economic crisis and the expected impact of the proposed measures. During the discussion, a macroeconomic perspective on the crisis in the Eurozone was also presented.

On the same day, the Forum also held a televised debate on "China changing gears: new models for growth", where Damian Chunilal, CEO Asia for VTB Capital, took part. During the event, participants discussed the development of the Chinese economy and its impact on economic growth in the region and around the world.

Yuri Soloviev, First Deputy President and Chairman of the Management Board of VTB Bank, Chairman of VTB Capital holding companies Board of Directors, deliberated on the topic of "What should be done to improve the attractiveness of PPP projects: the point of view of the investor" in the session on "Public-private balance in powering a new era of global infrastructure development". The session was attended by the Russian Minister of Transport, Maxim Sokolov, and other international and Russian experts. Yuri Soloviev also shared VTB Capital’s experience in the implementation of infrastructure projects such as the reconstruction of the airport "Pulkovo" and the construction of the central section of the Western High-Speed Diameter highway in St. Petersburg. During his speech, Yuri Soloviev also spoke about the prospects of raising long-term funds for infrastructure projects and the expectations for investors in scheduled projects to be implemented on a PPP basis.

During the two-day Forum, the company’s executives also met with leading international and Russian media.

Commenting on the outcomes of the Forum, Alexei Yakovitsky said: "The St. Petersburg International Economic Forum has become an event of global importance. This year, during the SPIEF, leading international experts and elite political representatives discussed a number of important issues for the development of the world economy. VTB Capital has traditionally taken an active part in the Forum and one of our most important business components is the promotion of Russian assets abroad, cooperation with foreign investors and the development of investment attractiveness of Russia."

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