State Solutions LLP at EBRD Business Forum for Innovation, Investment and Growth
State Solutions LLP contributes to EBRD Business Forum in Istanbul in joining senior policymakers and business leaders to discuss key investment challenges and opportunities in Russia and the CIS.
The European Bank for Reconstruction and Development held its Annual Meeting of the Board of Governors and Business Forum in Istanbul, Turkey, on 10-11 May 2013. It became a key event where government officials, experts and business executives meet to discuss business climate and investment prospects in EBRD’s 34 countries of operations including Russia and the many countries of the former Soviet Union. Speakers at the event included Turkey’s Prime Minister Recep Erdogan, ministers and policymakers, EBRD leadership, and experts from the Bank’s shareholder states. State Solutions LLP’s Managing Director attended the Board of Governors’ Opening Session and took an active part in the Business Forum’s Discussion Panels and Investment Outlook Sessions for Russia, Ukraine and Belarus.
Throughout the event, Alex Andreev participated in discussions with Russia’s Deputy Finance Minister Sergey Storchak, Ukraine’s Finance Minister Yuriy Kolobov, Belarus Minister of Economy Nikolai Snopkov, EBRD Managing Director for Russia Natalia Khanjenkova, Russia’s Agency of Strategic Initiatives’ Alexander Pirozhenko, and other key policymakers and experts. “It was an exclusive platform for a frank dialogue about barriers for foreign investors in the region and the solutions that can effectively resolve them,” said Alex Andreev. He added: “Foreign businesses can feel confident about success in Russia and CIS markets if they use a smart strategy that recognises the importance of regulatory awareness and official government relations as well as take advantage of effective and transparent tools that the governments introduce”. At Russia’s session, Alex Andreev invited Russia’s Deputy Finance Minister Storchak to evaluate the effectiveness of the Foreign Investment Advisory Council, which Mr Storchak said is a unique platform helping the government understand the businesses’ needs and improve investment attractiveness. ASI’s Alexander Pirozhenko stressed that Russia is on the road to boost its performance in the World Bank’s Doing Business rating to the top 20, noting the importance of working in Russia’s regions, where governors’ performance also depends on businesses’ satisfaction.
“Innovation for Growth” was the key message of this EBRD Business Forum. It focused on the ways to promote growth – through investment, innovation, and increasing competitiveness and supporting small and medium-sized enterprises (SMEs). It examined the changing regulatory environment, and the financial and legal reform – from Moscow to Casablanca. “The value of this event was in the real dialogue between the people making decisions – this ensures that the forum is not only a discussion but a powerhouse for creating better business opportunities and investment prospects in the EBRD region”, concluded State Solutions LLP’s Managing Director Alex Andreev.
State Solutions LLP are specialists in official government relations, lobbying and public affairs consulting to support businesses in Russia and the CIS. Our expert knowledge and thorough understanding of legislative, regulatory and administrative systems in the region enable us to provide effective and practical solutions for businesses across industries. Our practitioners in London and Moscow are competent and trustworthy professionals. Our strategic and practical advice enables our clients navigate markets, safeguard investments and run effective business operations in the region. All our services are provided in strict compliance with UK, Russian and CIS legislation.