VTB Capital “RUSSIA CALLING!” Investment
Forum leads the way for Russia
The VTB Capital “RUSSIA CALLING!” Investment Forum in Moscow, 5-7 October 2010, reached a successful close
The event drew 1900 delegates, including some 500 investors, 46 speakers took part in plenary sessions and panel discussions, over 1000 meetings took place between members of the Russian and international business elite and investors.
The VTB Capital ”RUSSIA CALLING!” Investment Forum generated a positive response in the Russian stock market. On the opening day of the Forum, 5 October, the RTS index went up 1.7%, demonstrating a total growth dynamic of 2.7% in the three days of the Forum.
Renowned local and foreign experts shared their opinion on the investment potential of various sectors of the Russian economy, highlighting the importance of innovative technology in production base modernization and raising the country’s investment profile for international capital.
Russia’s Prime Minister Vladimir Putin spoke at the opening day of the Forum. The first plenary session was also joined by Deputy Prime Minister – Minister of Finance of the Russian Federation Alexey Kudrin, Aide to the President of the Russian Federation Arkady Dvorkovich, Ukraine’s Vice Prime Minister for Economy Sergei Tigipko, Minister of Economic Affairs, Industry and Employment of France Christine Lagarde, First Deputy Chairman of the Central Bank of the Russian Federation Alexey Ulyukaev, VTB Bank President and Chairman of the Management Board Andrei Kostin, VTB Capital President Yuri Soloviev.
The first day of the Forum also featured sessions titled “The New Look of the International Finance System” and “Moscow – International Financial Center”. Key speakers made their presentations at the sessions, including President of Moscow Interbank Currency Exchange Ruben Aganbegyan, Head of Moscow Financial Center taskforce Alexander Voloshin. The debates focused on attracting foreign participants to Russian trading floors and the perspectives of establishing Moscow as an international financial center.
Russia’s innovation development and the investment attractiveness of various economy sectors were discussed in detail on the second day of the Forum. Speakers shared their outlook on the future of the Russian economy and discussed the country’s macro priorities for the next few years at the opening session titled “Russia’s Macroeconomic Policy: Balancing Growth vs. Stability”. Speakers included Deputy Minister for Economic Development of the Russian Federation Andrey Klepach, President - Chairman of the Management Board of VTB 24 Mikhail Zadornov, Chief Economist and special advisor to the President, European Bank for Reconstruction and Development Erik Bergloff. Rector of the New Economic School Sergei Guriev, Professor of Applied Economics at Massachusetts Institute of Technology Daron Acemoglu, Professor of Economics at Harvard University Kenneth Rogoff.
The panel session “Russia’s Natural Resources – a Blessing or a Curse?” featured General Director of Polyus Gold Evgeny Ivanov, First Deputy CEO of En+ Group Artem Volynets, Executive Director of Norilsk Nickel Vladimir Strzhalkovsky and Vice-President of LUKOIL Leonid Fedun. The session was dedicated to effective management of the country’s natural resources.
The guests of the Forum paid special attention to the “Innovation Sectors of the Economy” session with speeches by President of Scientific Centre for Development and Commercialization of New Technologies Viktor Vekselberg and Chief Executive Officer of GK "Rusnanotech" Anatoly Chubais.
The second day closed with an overview of “Russia’s Image in the Eyes of International Investors”, the final session covering the perception of Russia by the foreign investment and media community. Speakers at the session represented Wermuth Asset Management, East Capital, KNAUF CIS, Bloomberg TV, BBC, The Wall Street Journal, Institutional Investor.
During the second day of the Forum, it was announced that RUSNANO, Kazyna Capital Management (Kazakhstan), VTB Capital and I2BF Holdings had set up a Russian-Kazakhstan Nanotechnology Venture Fund. RUSNANO and Kazyna Capital Management are anchor investors, VTB Capital and I2BF Holdings are Fund Managers.The Fund is aimed at attracting investments in breakthrough nanotech and nano product implementation projects in a variety of sectors in Kazakhstan and the Russian Federation.
The third day of the Forum, October 7, was entirely dedicated to individual and group meetings between international investors and Russian corporate executives.
Yuri Soloviev, President at VTB Capital: “Early in the development stage of the project, we realized that the second VTB Capital Investment Forum faces the difficult task of surpassing the results of the 2009 Forum. Given the exceptional level of speakers and guests this year, as well as the number of meetings, I am positive that we have made the 2010 Forum a success”.