VTB Capital’s seventh annual "RUSSIA CALLING!" Investment Forum in Moscow successfully concluded today. The Forum was attended by over 2000 guests, including more than 450 international and Russian investors, as well as representatives from government, key regional authorities and heads of major Russian companies.
During the second day of the event Forum participants discussed the most important issues facing modern Russia and the global economy. Topics of discussion at the Forum included building long-term cooperation and creating conducive conditions for economic development, macroeconomic stability, as well as identifying competitive advantages and how to develop new opportunities.
Today’s Forum saw a new format for the event - with a session hosted by CNN anchor Richard Quest. Experts from US and Asia discussed the impact of the last six months on Russia and the global economy as well as sharing their forecasts for the future.
Another highlight of the day included a session on identifying competitive advantages and exploiting new prospects, which was attended by Denis Manturov, Minister of Industry and Trade of the Russian Federation, Viktor Semenov, Founder of Belaya Dacha Group, Natalya Kaspersky, CEO of InfoWatch and Kaspersky Lab co-founder, Vadim Shvetsov, General Director of SOLLERS OJSC and UAZ OJSC, Ekaterina Trofimova, First Vice-President and Member of the Management Board of Gazprombank and future CEO of the new independent credit rating agency ACRA. The session was moderated by Dietrich Möller, President and CEO of Siemens Russia.
Participants discussed issues of import substitution and new competitive advantages for exporters across various sectors of the Russian economy, including mechanical engineering, agriculture, tourism, IT, automotive. In particular, the speakers reviewed Russian export prospects, as well as the possibility of new developments and improvements to the competitiveness of Russian businesses.
During the second day of the Forum an agreement was signed on the trade partnership between Pyaterochka chain stores, part of the X5 Retail Group, and the Tele2 mobile operator. In addition, an agreement of understanding and cooperation was signed between VTB group and ERG, indicating the extension and potential consolidation of the existing loan agreements between the parties to include an increased security package. Individual meetings between representatives of Russian companies and investors were also held during the Forum.