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KPMG takes part in the 2013 Nizhny Novgorod International Business Summit

KPMG takes part in the 2013 Nizhny Novgorod Inter...

The key topic of this year's event was "Investment in the future: Russia".


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The second Nizhny Novgorod International Business Summit took place on 11-12 September 2013. The main issues on the agenda included the business and investment climate, the investment potential of young people, a cluster-based approach to area development, education and HR for the new industrial economy, and developing infrastructure to host the 2018 FIFA World Cup.

According to Nizhny Novgorod Oblast Governor Valery Shantsev, the first Nizhny Novgorod International Business Summit, in 2012, proved a highly popular discussion platform. This year, there were even more networking opportunities for the participants to discuss topical issues concerning the economy in Russia's regions.

"Here, on the banks of Oka and Volga rivers, one of the most powerful economic agglomerations of the country and a new way of life of the Russian economy based on high-tech innovations and modernisation of traditional manufacturing industries are being actively formed. Therefore it is difficult to imagine a better platform for meetings of scientists, experts and businessmen, which combines economic theory with business practice," said Mr Shantsev.

Oleg Goshchansky, Chairman and Managing Partner, KPMG in Russia and the CIS, was an honoured guest at the summit and attended a number of round tables as well as moderating a plenary session organised by the Nizhny Novgorod Oblast Ministry for Investment Policy. The forum also discussed the results of a joint survey by KPMG and the Russian Union of Industrialists and Entrepreneurs on the regional investment climate in Russia through the eyes of foreign investors."The positive changes in the Russian investment climate are obvious, but they are not happening quickly enough.

Competition for investors today is very tough, both with other Russian regions and with other countries, who are also working hard to attracting foreign investment in their economy. In this regard, it should be said that in terms of the investment climate not only the strategy of cooperation with the investor but also how quickly that strategy is put into practice are important," said Mr Goshchansky in his speech.

Arkady Dvorkovich said that the Russian government was already implementing a number of measures aimed at improving the competitiveness and sustainability of the economy. In the words of the Deputy Prime Minister, the Nizhny Novgorod International Business Summit provides "strong evidence of the growing interest of foreign partners in strengthening direct business contacts and implementing joint, mutually beneficial projects".

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