Russia CEO Roundtable 2008 - Dmitry Medvedev

TL;DR

President Medv discusses Russia's investment environment and strategies for attracting foreign investors.

Transcript

Mr President ladies and gentlemen friends it gives me particular pleasure to welcome president medv Among Us a particular pleasure because I still remember your closing speech in Davos uh 16 months ago when you impressed everybody with your outlook for the future of Russia you impressed everybody I should say with your English and it's freedom is b... Read More

Key Insights

• 😜 Russia aims to transition to an Innovative model of development by 2020 and join the ranks of the top five economies.
• 🍉 The government is focused on attracting long-term investment and diversifying the economy beyond natural resources.
• 👮 The special sector law provides clarity and predictability for foreign investors interested in strategic sectors.
• 💦 The government is working on improving taxation arrangements, addressing administrative barriers, and fighting corruption.

Questions & Answers

Q: How does Russia plan to achieve its goal of transitioning to an Innovative model of development?

Russia aims to join the ranks of the top five economies by attracting new long-term investment and diversifying sectors such as agriculture, engineering, real estate, wood processing, and retail.

Q: What is the significance of the special sector law for foreign investors?

The special sector law streamlines the procedure for foreign investment into companies with strategic importance for the nation. It simplifies the clearance procedure for investing in strategic enterprises and provides clarity and predictability for investors.

Q: How is the Russian government working to improve the investment environment?

The government is focusing on improving taxation arrangements to incentivize investment in human capital, such as exempting expenses on corporate education and health insurance from taxation. They are also addressing administrative barriers, fighting corruption, and creating opportunities for small and medium-sized enterprises.

Q: What is the role of global companies in Russia's Innovative economy?

Global companies, especially in the information communication technology sector, play a major role in promoting Innovative societies and revolutionizing the digital world. President Medv emphasizes the importance of their responsibility in shaping the future of technology.

Summary & Key Takeaways

• President Medv discusses Russia's goal of transitioning to an Innovative model of development by 2020.

• He emphasizes the importance of attracting long-term investment and diversifying the economy beyond natural resources.

• The Russian government has implemented measures such as a special sector law and improved taxation arrangements to encourage foreign investment.