Business as usual say investors

RussiaTalk, the fifth annual Russian-British investment forum, took place in mid-October in Moscow. The forum was hosted by the Russo-British Chamber of Commerce (RBCC) and the Russian Chamber of Commerce and Industry under the theme "Back to Business". The gathering offered a perfect opportunity for business leaders to analyse the lessons of the crisis, discuss prospects for restoring economic health, and consider measures to further bilateral business links.

Russian presidential aide Arkady Dvorkovich announced measures to tackle Russia's most urgent problems that will feature in President Medvedev's upcoming state-of-the-nation address. According to Dvorkovich, there are two major goals: "The prime goal is to ensure modernisation and technological development," he said, referring to the five priority areas outlined by President Medvedev. The second goal covers restructuring of the corporate and public sectors. "This involves incentives and targeted programmes aimed at supporting various industrial sectors and industrial cities," Dvorkovich explained, adding that Russia would rather welcome investors offering new technology than those with cash. "We hope to achieve steady economic growth by 2010," he concluded.

Over the past year alone, the RBCC has welcomed 82 new members. According to the UK Ambassador to Russia, Anne Pringle, more than 1,000 British companies are active in Russia today. She is convinced Russia could benefit from British experience. In particular, there is vast potential for cooperation in the sphere of nanotechnology. London's experience could also be handy in helping to realise Moscow's ambition to become one of the world's leading financial centres.

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