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Impressions from them 2010 meeting:
We have to boost innovation capabilities. And we have to develop a world-class service sector to reduce our dependency on the country's natural resources
Victor Zubarev, Deputy Leader, State Duma, Russia
Russia will continue to be one of the most important investment locations and trading partners
Borut Pahor, Prime Minister, Republic of Slovenia
Russia’s economy is poised for a big bounce this year as companies rebuild stocks and domestic demand boosts output
Igor Agamirzyan, Chief Executive Officer, Russian Venture Company, Russia
Russian Railways will play a key role in the modernization of Russia's infrastructure
Avtandil Gorgiladze, Vice Chairman, Russian Railways, Russia
With a population reaching 143 million people, there are tremendous opportunities for global investors in the Russian economy
Alan Hassenfeld, Chairman of the Executive Committee, Hasbro, USA
It is important to further reform Russia's economy so that the country can use trade to recover when the crisis eases
Supachai Panitchpakdi, Secretary-General, UNCTAD, Switzerland
The negotiations on a new broad agreement between the European Union and the Russian Federation are moving towards a favourable conclusion
Danilo Türk, President, Republic of Slovenia
Global Russia Business Meeting
10-11 April 2011, Limassol, Cyprus
Igor E. Manylov, State-Secretary, Deputy Minister of Economic Development, Russia

Horasis held the 2011 Global Russia Business Meeting in Limassol, Cyprus, 10-11 April. The meeting was co-hosted by the Government of Cyprus and the Cyprus Investment Promotion Agency (CIPA), and supported by several Russian organizations. The Global Russia Business Meeting is one of the foremost gatherings of leaders in business and government to share visions on opportunities and challenges in Russia and the world at large. The aim of the 2011 meeting was to stimulate thought and action for Russian firms' sustained economic success in a globalised world. Please visit the photo gallery, download the Meeting Report, and read some reflections on the meeting:

Cyprus-Russia relations at an all-time high
Limassol summit focuses on Cyprus-Russia financial prospects
UN envoy: Cyprus problem can be solved

Participants reached consensus that

  • The Russian economy is expected to perform strongly in the years ahead. The growth prospects in Russia seem to be more compelling than what is being observed in Western Europe and the US.
  • Diversifying of the economy is key. The modernization of the Russian economy will reduce the country's dependence on natural resource exports and lead to the emergence of knowledge-based industry clusters, as well as massive technological innovation in industry and infrastructure.
  • Russia's influence as an international investor and reliable partner of the G20 is growing. Also, Russia is going to welcome more Foreign Direct Investment as well as trade. Russia and the world would benefit if Russia joined the WTO.
  • Alexander Downer, United Nations Special Envoy to Cyprus - the Cyprus problem can be solved

    At the Opening Dinner, Igor E. Manylov, State-Secretary, Deputy Minister of Economic Development, Russia, painted a lucid, inspirational grand vision for the future of the Russia economy. He emphasized modernization - President Medvedev's new economic policy, pronounced deregulation, a receptive foreign direct investment climate, and WTO accession. He also said that internationalization is vital for the transformation of the Russian economy into a modern and innovative economy.

     In his special address, Demetris Christofias, President, Cyprus, noted that Russias economic exchange with Cyprus has risen sharply in recent years. Cyprus' ties with Russia have always stood apart. We have a very special strategic partnership with Russia, which has stood the test of time over the last half a century.

    Valery Gulev, President, Gazprom E.P. International, Russia, in discussion with President Christofias

    More than 350 participants from 30 countries attended this second Global Russia Business Meeting - the first edition was held in Ljubljana in May 2010 -, including the following co-chairs:

    Igor Agamirzyan, General Director, Russian Venture Company, Russia
    Sheikh Saif bin Hashil Al-Maskery, Chairperson, Nawras, Oman
    Bo Inge Andersson, Chief Executive Officer, Gaz Group, Russia
    Akaki Beruchashvili, Executive Vice President, Gazprombank, Russia
    Jeffrey Chen, Chief Executive Officer, Neopac Lighting Group, China, Taiwan
    Carla Cico, Chief Executive Officer, Rivoli, Italy
    Edouard Cukierman, Chief Executive Officer, Catalyst Fund, Israel
    Sachin Dev Duggal, Chief Executive Officer, Nivio, Switzerland
    Daniel Duku, Chief Executive Officer, Venture Capital Trust Fund, Ghana
    Alan Hassenfeld, Chairman of the Executive Committee, Hasbro, USA
    Natalya Kaspersky, Chairman, Kaspersky Lab, Russia
    Rajive Kaul, Chairman, Nicco Group, India
    Anil Kumar, Chief Executive Officer, Ransat Group, United Kingdom
    Dmitry Loschinin, Chief Executive Officer, Luxoft, Russia
    Munir Majid, Chairman, Malaysia Airlines, Malaysia
    Jacques Jean Sarraf,, Chairman, Malia Holding, Lebanon
    Cvetka Selsek, President of the Board of Directors, SKB, Slovenia
    Alexey V. Ulyukaev, First Deputy Chairman, Bank of Russia, Russia


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