On 5, April, 2012, in Moscow Minister Elvira Nabiullina participated in a meeting of the Government Presidium.
Transcript of the meeting: http://premier.gov.ru/eng/events/news/18636/
On 5, April, 2012, in Moscow Minister Elvira Nabiullina participated in a meeting of the Government Presidium.
Transcript of the meeting: http://premier.gov.ru/eng/events/news/18636/
On March, 22, 2012, in Moscow Minister Elvira Nabiullina participated in the Meeting on the tasks Prime Minister Vladimir Putin set in his articles as a presidential candidate.
Transcript of the Meeting: http://premier.gov.ru/eng/events/news/18490/
Theses of the speech of Minister Elvira Nabiullina
Moscow, February 3, 2012
Mr. Putin, ladies and gentlemen as a follow-up to what Mr Nikitin (director general of the Strategic Initiatives Agency) has just said, we need to be able to evaluate entrepreneurial initiative and the way it is implemented in the regions, so businessmen can see for themselves what works and what doesn’t in certain regions. In conjunction with the Strategic Initiatives Agency and Sberbank, we have developed proposals regarding the evaluation criteria for activities to improve the investment climate in Russia’s regions. As you may be aware, we already have a performance evaluation system for the Russian regions, but it’s fairly unwieldy with over 300 indicators. Work is under way to make it less complicated and more manageable.
Since improving the investment climate is a national priority, we believe that investment climate indicators should be included in the general performance assessment. However, they have an importance of their own. In other words, we should provide investors with information about situations in specific regions and, at the same time, use these criteria to issue grants to Russia’s regions to encourage them to improve their investment climate.
I believe that there shouldn’t be many indicators, and they should be quantifiable and objective. We propose using four statistical indicators – I’ll tell you later what we want to add. The first has to do with the growth of private investment, i.e. investments other than those provided by the state. This will show us how Russia’s regions are doing with regard to attracting private investment. The second indicator will focus on attracting foreign direct investment. The third will reflect labour productivity growth because it’s important that these investments are used for workplace modernisation and improvement. Therefore, such an integral effectiveness indicator as labour productivity growth is important. The fourth indicator concerns the increase in the small- and medium-sized businesses’ turnover, as this is important as well. It’s easy to increase private investment in one or two major projects. But it’s important that each region improves its investment climate overall and has new enterprises beginning operation. These four indicators are objective, statistically reliable and quantifiable. Certainly, we need to add an indicator that shows if particular regional executive authorities have adopted the standard for providing a favourable investment climate.
As you may know, this standard was developed in partnership with businesses and Delovaya Rossiya. Therefore, the regional authorities should adopt these standards. We believe that we should make use of surveys among entrepreneurs and also see how they assess the investment climate. Statistical reports detailing the complaints that specific regions file with investment commissioners are important as well, as we should have a clear picture on instances of violations of entrepreneurs’ rights.
This wraps it up for the system of indicators. I’d like to say a few words about supporting this system with work methods. Someone has already mentioned crowdsourcing. Mr Gref (president and chairman of Sberbank’s board) is a big fan of crowdsourcing as far as I know from our discussions and we worked on it together. In our view, this technology is very suitable for working on the investment climate. Crowdsourcing could help identify problems specific for every region. We could mobilise collective wisdom through the internet. Apart from identifying problems we could receive proposals on how to resolve them, and, most important, jointly monitor the way they are resolved. In this context I have a proposal for the Agency – to try this technology as regards investment climate in pilot regions 6+10 with a view to spreading it to other regions. The ASI is ready for this. I think we could do this.
Full transcript of the Meeting: premier.gov.ru
Russia has taken over the rotating chair of the Asia-Pacific Economic Cooperation forum in 2012 and will host this year’s APEC Leaders’ Week in Vladivostok. For Russia this honour comes with a great sense of responsibility. Just as Russia is an integral part of the vast and forward-reaching Asia-Pacific region, that is crucial for the socio-economic development of Russia, especially Siberia and the Far East. Therefore, one of the country’s top priorities is to promote trade and investment cooperation with Asia-Pacific countries and to actively participate in regional integration.
We have many proposals for our Asia-Pacific partners that seek to address problems in spheres of energy, transportation, research and technology, and environmental protection; to promote dialogue among civilizations and ensure military-political stability in the region; to boost cooperation in emergency response and in the fight against international terrorism.
The APEC leaders’ Honolulu declaration says, “Our region is now the vanguard for global growth.” Russia, as the current APEC chair, will do its best to reinforce the region’s leading position.
What does Russia intend to do as APEC chair?
First of all, we plan to ensure continuity in APEC’s work, while also trying to expand the forum’s traditional agenda in a constructive manner.
Russia’s key objective is to further liberalise trade and investment and to facilitate economic integration in the Asia-Pacific region. We expect our cooperation in these fundamental APEC spheres to yield practical results. Now that Russia has joined the World Trade Organisation, the country’s representatives will be able to fully participate in trade liberalisation discussions. A consolidated position among APEC member economies should jumpstart multilateral trade talks and make them more constructive.
Russia’s energetic involvement in regional integration is a conscious choice, and indeed the right choice. Following the successful conclusion of the WTO accession process, Russia is now ready to start talks on free trade agreements with APEC economies. Of course, Russia will act jointly with Kazakhstan and Belarus, the other members of the trilateral Customs Union. Added to the potential of the Common Economic Space, this could pave the way to a fundamentally new form of APEC integration and help expand the Asia-Pacific market to the whole of the Eurasian continent.
Russia also plans to promote APEC cooperation on food security. Like all other member economies, we have a stake in ensuring that food is available, affordable, safe and of high quality. In light of the growing social commitments of governments in the post-crisis period, we must develop stable food markets and dampen price fluctuations. Furthermore, we must continue to search for ways to ensure agricultural development based on rising mutual investments, modern technologies and compliance with quality standards.
The prospects of greater integration in APEC are closely connected to the need to improve logistics or (as it is often described within APEC) to ensure supply chains connectivity in the region. Russia is prepared to offer access to its transport corridors, which are the shortest route between Asia and Europe. We know that they must be upgraded, which will require major investment. This is what we will be discussing with our partners, who will surely show interest in our proposals. We have developed practical ways to use modern technology to resolve transportation issues, in particular organising cargo routes, cargo handling and vehicle tracking.
Innovation-based economic development is crucial for stable economic growth. This issue, which Russia sees as a priority, has been met with a lively response from our APEC partners. We will promote extensive interaction among universities, research centres and companies. Cooperation in education and developing human capital is vital, and the protection of intellectual property is becoming increasingly important. We also see opportunities for advancing joint initiatives in these spheres within APEC.
Russia is a leading supplier of energy to the global market, but energy will be just one of many focuses during Russia’s tenure as APEC chair. It is certainly an important issue today, but we should also think about tomorrow. Therefore, we will promote further constructive discussions of the entire range of energy security issues as well as green growth.
The Asia-Pacific region is, unfortunately, prone to natural disasters and hazards. Earthquakes and tsunamis, anthropogenic catastrophes and epidemics demand that we redouble our efforts to better prepare APEC member economies for possible natural disasters and other emergencies.
During its tenure as APEC chair, Russia also will focus on cooperation in the fight against terrorism and transnational crime. We believe that no one will question the importance of this aspect of APEC’s activity.
These are the main areas of Russia’s activity under the motto, “Integrate to Grow, Innovate to Prosper.” There is no doubt that by common efforts in 2012 we will successfully deepen Asia-Pacific integration in the name of economic growth and prosperity in the region.
http://eng.kremlin.ru/transcripts/3370
http://www.apec2012.ru/news/20120128/462357588.html
On January 24, 2012 in Moscow Minister Elvira Nabiullina participated in the Meeting of the Commission for Modernisation and Technological development of Russia’s Economy , devoted to improving the investment climate.
Transcript of the Meeting: http://eng.kremlin.ru/news/3356
On December 16, 2011 in Geneva Minister Elvira Nabiullina spoke at the plenary session of 8 th Ministerial Conference WTO dedicated to the accession of the Russian Federation to WTO.
The conference was chaired by Minister of Trade and Investment of Nigeria Olusegun Aganga. WTO Director-General Pascal Lamy, Chairman of WTO working group of Russian accession Stefan Johannesson and representatives of WTO member countries participated in the 8th Ministerial Conference.
First Deputy Prime Minister of the Russian Federation Igor Shuvalov presented greeting of President of The Russian Federation Dmitry Medvedev to the participants in the 8th Ministerial Conference WTO.
Statement of Minister Elvira Nabiullina at the plenary session of 8th Ministerial Conference WTO
Geneva, December 16,2011
Dear Mr. Chairman, dear colleagues,
The decision on Russia’s accession to the WTO adopted by you is an event that had been awaited for many years both in Russia and in the world community.
We have been preparing for today’s event for a long time, conducting systemic reforms, revising our legislation, developing modernization program of our economy. The Russian leadership have been always considering our country’s membership in the WTO as a priority task of national economic policy.
The WTO is accommodating the 6th world economy. Upon Russia’s accession, the rules of the Organization will be regulating more than 95% of the world trade.
Today the world economy is weathering uneasy times. In this environment, we are particularly interested in the joint work on definitive keeping of protectionism at bay.
That’s why for us, the conclusion of accession negotiations is not a finish, but a starting point.
Our work in the WTO will be aimed at the maintenance of the current rules of trade as well as at elaboration of its new principles, adequate to the new economic realities and directed at reaching global development goals.
Joining the WTO, we are aware of our responsibility for participation in tuning of the rules of the world trade. We are taking this responsibility. We think that Russia’s role in the WTO should first and foremost be constructive, strengthening the Organization in the interests of all of us, our economies, and our people.
For us it is systemically important to maintain the status of the WTO as namely trade organization. There were, there are and, unfortunately, there will be problems in relations between countries. Proliferation of trade may effectively cure those problems.
Our aim is gradual, continuous liberalization not just at the global, but also at the regional level.
We note with satisfaction that Russia’s entering the WTO family is combining with development of a common economic area with our neighbors – Belarus and Kazakhstan. The Customs Union of our countries, as built on the platform of the WTO rules, is contributing to elimination of barriers for trade and investments. The WTO members will get access to the market of 165 mln. people, which is already functioning on the basis of common rules and regulations.
Today’s event became a reality thanks to collective efforts of many people. Most of them are now here, in this room. And I want to say that today’s event is our common achievement, our common victory, our common festive occasion.
December 14, 2011, Geneva — Minister Elvira Nabiullina participated in the meeting of the foreign trade ministers of BRICS countries (Brazil, Russia, India, China, and South Africa) held in Geneva and timed to opening of the 8th WTO Ministerial Conference scheduled for December 15—17, 2011.
The meeting participants adopted a common declaration reflecting the viewpoint of BRICS on the current condition of the global trade system.
Mr. Anand Sharma, Minister of Commerce, Industry, and Textiles of India, Mr. Antonio de Aguiar Patriota, Minister of Foreign Affairs of Brazil and Mr. Fernando Pimentel, Minister of Development, Industry, and Trade of Brazil, Mr. Chen Deming, Minister of Commerce of China, and Mr. Rob Davies, Minister of Trade and Industry of South Africa have welcomed the completion of the negotiations regarding the admission of the Russian Federation to the WTO. Elvira Nabiullina noted in her speech that this event was “a common achievement of Russia and its BRICS partners who were steadily supportive in the expedite completion of the negotiations process”. In the Minister’s opinion, the accession of Russia to the WTO will benefit the business both in Russia and in other BRICS countries. The accession to the WTO also “must entail the growth of investment exchanges between Russia and its partners as a result of the investors showing more confidence in the economic policy adopted by the Russian Government”.
Elvira Nabiullina emphasized the fact that the Russia’s membership in the WTO would become an important factor for further cooperation in the BRICS format. The Minister expressed her hopes that as early as by mid-2012, when the WTO accession protocol would have been ratified, Russia would be able to join this work as a full member of the Organization. According to her words, “the Russian position will be weighted, constructive, and focused on the achievement of well-balanced results in the framework of the WTO multilateral negotiations”.
The meeting was also attended by the permanent representatives of the BRICS countries to the WTO.
Expert council on technology innovative special economic zones took place on December 14, 2011 at the Ministry of economi? development of Russia.
The meeting resulted in granting a resident’s status to companies in technology innovative special economic zones in Tomsk, Dubna and Moscow (Zelenograd).
The proposed investment projects are aimed at scientific research work in development of software and information systems, production of diagnostic equipment and energy-saving light devices as well as development and implementation of innovative medical products on the Russian market.
Among those one can point out the project of the international company«Arkray» focused on R&D in diagnostics of diabetes and launching a pilot and line production of diagnostic equipment on the basis of company’s own research as well as the project of the Russian company «Rusled» involved in development and production of light technology products.
The overall volume of investments of the new residents in technology innovative special economic zones will exceed 20 million US dollars, ?ver 500 new working places will be created.
The Walt Disney Company and UTH Russia, one of the country’s fastest growing media companies, announced that the two companies will launch an ad-supported free-to-air Disney Channel in Russia early next year. The broadly-distributed channel will appeal to families throughout Russia by featuring Disney’s popular signature programming, as well as original Russian content.
Under the terms of the agreement, Disney, through one of its subsidiaries, will acquire a 49% stake in the Seven TV network from UTH Russia. The new Disney Channel will replace the current branding and programming of Seven TV. At launch it will reach approximately 40 million households, which represents more than 75% of the measured audience in Russia.
Disney Channel will air on broadcast stations in 54 large urban markets, including Moscow and St. Petersburg, as well as hundreds of rural and remote cities and towns nationwide through other distribution agreements.
Robert A. Iger, president and CEO, The Walt Disney Company said, “International expansion is a key strategic priority for the company and Disney Channel has proven to be invaluable in building the Disney brand around the world. The company is excited about increasing Disney Channel’s presence in Russia and delivering exceptional family entertainment to this important growth market.”
According to Marina Jigalova-Ozkan, managing director for The Walt Disney Company in Russia, “Disney Channel became one of the most popular and beloved cable channels in Russia. The company is happy that together with such a reliable and respectful partner as UTH Disney will bring high-quality family entertainment to every family in Russia.”
Commenting separately, Ivan Tavrin, CEO, UTH Russia, said: “UTH believes that its partnership with The Walt Disney Company, the global entertainment leader, will establish a popular and highly successful free-to-air business. The superb infrastructure and technical foundation of UTH in combination with Disney’s unique brand and global expertise will deliver excellent results for the Disney Channel in Russia.”
Disney Channels Worldwide is comprised of 100 channels in 35 languages reaching 325 million unduplicated households globally. The deal closing is subject to the satisfaction of contractual conditions, including certain regulatory filings.
Disney is a Dow 30 company and had annual revenues of more than $38 billion in its most recent fiscal year.
UTH Russia is one of the fastest growing media companies in Russia today. Its main assets are the MUZ and Seven TV national channels.
Basic Element Group, LLC Sberbank Investments, a subsidiary of Sberbank, and Changi Airports International (CAI) have signed a memorandum of understanding (MOU) to form a joint venture to invest in and develop airports in Russia, Sberbank announced Monday.
Basic Element will hold 50% plus one share, CAI will hold 30% and LLC Sberbank Investments will hold 20% minus one share in the joint venture.
Basic Element currently owns a cluster of airports in the Krasnodar region, including Sochi and Krasnodar, with total passenger traffic expected to exceed 5 million passengers per annum in 2011. Krasnodar region is an established domestic tourism destination and an important agro-industrial centre of Russia. The region will be hosting Winter Olympics-2014, F1 starting from 2015 and FIFA World Cup in 2018.
The purpose of the joint enterprise is to further develop these airports in the Krasnodar region, to improve levels of service to meet international standards, increase capitalization of the assets and also to expand the portfolio of airport assets.
The creation of the joint venture is targeted to be completed in the second quarter of 2012. It is subject to due diligence and final negotiations between the parties and approval by the regulatory authorities.
Mr Oleg Deripaska, CEO of Basic Element, said “The signing of this MOU is an important strategic step in the development of Basic Element’s airport business and is linked with the company’s plan to increase the capitalization of its businesses by attracting partners that share its strategic views on the estimation of asset potential and development.”
Commenting separately, Sberbank President and Board Chairman Mr German Gref, said, “The participation of Sberbank in this newly created joint venture is part of Sberbank’s investment strategy, which is based on the acquisition of assets with strong prospects for growth.”
“The company sees great potential for value increase in Krasnodar region airports, especially in view of the upcoming 2014 Olympic Games in Sochi, as well as the World Cup that Russia will be hosting in 2018,” said Gref.
Mr Lim Liang Song, CEO of CAI said: “The Company is delighted with the partnership with Basic Element and Sberbank. The Russian market holds enormous potential. CAI looks forward to a strong partnership to develop the airports in the Krasnodar region.”
“Changi Airports International brings extensive experience in managing and consulting for airports overseas. In addition, it hopes to transfer the experience and expertise of Changi Airport Group in managing Changi Airport to this joint venture,” said Song.