The project of connecting the EAEU and the Silk Road Economic Belt provides opportunities for “soft integration”

Let me first express my great gratitude to the government of the People’s Republic of China, President Jin personally and all his team for warm hospitality and excellent arrangement of this First Annual Meeting of the Asian Infrastructure Investment Bank.
During the last year AIIB founding members worked hard to transform this very ambitious idea into one of the largest multilateral development banks in the world.
To live up to the high expectations it has inspired, the AIIB must prove its worth as a truly international, multilateral institution fully dedicated to the region’s development needs.
As we all know, there is vast unmet demand for productive economic infrastructure, especially in the emerging economies of Asia. By estimation the global infrastructure requirements over the next two decades would cost around US$50 trillion. Only developing Asian economies need to invest around US$8 trillion to next 10 years, just to keep pace with expected infrastructure needs. This financing gap is beyond the capacity of the World Bank, ADB, and International Monetary Fund combined.
Moreover, poor logistics and insufficient and unreliable power grids create additional unnecessary costs for the local business and citizens.
We all hope that the AIIB will increase the pool of multilateral resources available to meet these needs. That is why this initiative has attracted substantial amount of participants from different part of the globe.
Therefore, we all should do our best to make the AIIB more responsive, more efficient, and thus more effective. The Bank must be transparent, must follow the highest international standards, and cooperate well with the other development financial institutions including new ones such as New Development Bank of BRICS countries, Eurasian Development Bank and others.
The role and importance of Asia in the international arena has increased, yet the region faces severe infrastructure gaps. In this case, we welcome all regional initiatives, which can help to overcome such obstacles and improve productivity and quality of peoples’ lives.
We believe that regional integration initiatives should aim at openness and equal participation. We are also advancing this agenda in our work. Last year President Putin and President Xi Jinping signed the joint declaration on linking the Eurasian Economic Union and the Silk Road Economic Belt. Instead of being competitors in Eurasian region, EAEU countries and China declared the goal to build a common economic space. We place long-term prosperity and cooperation as our main interest.
The project of connecting the EAEU and the Silk Road Economic Belt provides opportunities for “soft integration”. The initiative includes building transport corridors from East Asian countries to Europe via countries of Eurasian Economic Union, developing projects in the fields of energy, manufacturing and hi-tech sectors such as IT, education and medicine.
Moreover, recently at the St. Petersburg World Economic Forum President Putin stated that we, along with our Chinese colleagues, are planning to start official talks on the formation of comprehensive trade and economic partnership in Eurasia with the participation of the European Union states and China. We expect that this will become one of the first steps toward the formation of a major Eurasian partnership.
Today the world faces many economic challenges including lower growth rate and lower economic trade. The economic turbulence makes us correct our goals and priorities. Nevertheless, it also brings additional opportunities.
AIIB can play a vital role, for future economic growth of all our countries. I believe that the Bank will make a valuable contribution to sustainable growth and economic cooperation.
We all hope that the Asian Infrastructure Investment Bank will become a financial institution with international standard, transparent decision making polices and equal conditions for all.
With all this said I believe that the AIIB will achieve success, and will take its rightful place within the structure of existing international financial institutions.
Let me assure you that the Government of the Russian Federation will be very much focused on cooperation with the AIIB.

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Restricting inter-parliamentary contacts unacceptable – Duma Speaker Naryshkin

The practice of restricting contacts among parliamentarians from various countries is unacceptable and runs counter to democratic principles, State Duma Speaker Sergei Naryshkin said.
“In recent years, apart from, perhaps, the frequent meetings with Mr. Kanerva [IlkkaKanerva, President of the Parliamentary Assembly of the Organization for Security and Co-operation in Europe] at various OSCE Parliamentary Assembly events, our contacts at the bilateral parliamentary level have reduced significantly,” Naryshkin said at a meeting with members of a Finnish parliamentary delegation, which included Kanerva, on Monday.
Last year, the Russian parliamentary delegation was unable to attend an OSCE PA session in Helsinki, Naryshkin said.
“Our position on deputies’ participation at international parliamentary meetings is well known: we consider the practice of restricting contacts among parliamentarians from various countries, restricting parliamentarians in the ability to freely express their point of view to be unacceptable,” Naryshkin said.
“This doubtless runs counter to both the principles and values of parliamentarism and democracy,” he said.
Russia hopes that at its upcoming session in Tbilisi, the OSCE PA will pass the Russian motion on the unacceptability of any sanctions against parliamentarians, Naryshkin said.

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SPARK offers information about companies in Moldova

Moldova has become the latest country in the former Soviet Union, information about the companies of which has become available in the SPARK information and analysis system.
“SPARK continues to expand its international coverage, both with new countries and by increasing the number of international corporate relationships, which already cover dozens of countries,” Interfax Group Vice President Roman Laba said.
Information about Moldovan companies offered by SPARK includes: company name, IDNO identification number (similar to Russia‘s Individual Taxpayer Number, or INN), date of registration, classifier of forms of ownership, address, company status, CEO, founder and the company‘s industry. The system also provides telephone numbers and the number of employees for some legal entities.
“In future, we expect to increase the amount of information about Moldovan companies with new sources,” Laba said.
There were 171,000 legal entities and individual entrepreneurs registered in Moldova (not including Trans-Dniester region) as of June 1, 2016. This included 94,000 limited liability companies (SRL); 62,000 individual entrepreneurs (II); 4,596 joint-stock companies (SA); and almost 4,000 cooperatives (COOP), according to the Registration Chamber. But there were only 117,000 actually active legal entities that were not in the process of liquidation or bankruptcy, according to the National Bureau of Statistics.
Registration Chamber data show that 53% of all companies operate in the wholesale and retail trade sector; 12% in manufacturing; 6% in agriculture; 5% in transportation and communications; and 4% in the hotel and restaurant business.
In terms of foreign capital, the leader is neighboring Romania, residents of which are among the founders of 1,600 companies. Romania is followed by Italy with 1,228 companies, Turkey with 1,126, Ukraine with 970 and Russia with 951.
About 6,000 new legal entities are registered in Moldova every year. The number of liquidated companies rose to 3,900 in 2015 from less than 3,000 annually in 2013-2014.
In addition to Russia, the SPARK system offers data on legal entities in Ukraine, Kazakhstan, Belarus and Kyrgyzstan.
SPARK (www.spark-interfax.ru), the Interfax Group‘s best known IT service, has become the standard in Russia for providing information about companies. The system, which is used for verification of counterparties and risk management, handles more than 500 million queries annually from tens of thousands of users.

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Russia and China strengthen cooperation in the framework of international organizations and associations

Economic Development Minister Alexei Ulyukayev on the results of Russian President Vladimir Putin’s meeting with Chinese President Xi Jinping signed a Memorandum of Understanding between the Ministry of Economic Development of the Russian Federation and the Ministry of Commerce of the People’s Republic of China on the coordination of joint efforts in the framework of international organizations and associations. On the Chinese side the document was signed by Minister of Commerce Gao Huchen.
“There is a need agreement with our Chinese partners, approaches and mutual support in the promotion of initiatives and projects in the foreign agenda of international organizations, forums and organizations such as APEC, BRICS,” Group of Twenty “SCO”, – said Alexei Ulyukayev.
The document notes that the activities of international organizations contributes to the formation of a multipolar world order, promoting the fight against global challenges and threats, determine the direction of global development and strengthen economic and trade
At the same time, the parties intend to strengthen practical cooperation within BRICS association, to promote trade and economic cooperation within the association and contribute to the strengthening of its international authority. Acknowledge Strategy BRICS economic partnership as a key reference point for the expansion of economic cooperation between the countries in the Association of the most promising areas of cooperation. For effective implementation of the Strategy The Parties intend to provide support for the implementation of joint projects, as well as to take practical steps to achieve the objectives in the strategy.
In addition, there is the intention to strengthen practical cooperation in the framework of the APEC forum to promote the achievement of the main objectives of the forum: the deepening of regional economic integration, to minimize barriers to trade and investment, sustainable, inclusive, innovative, balanced, secure growth, strengthening the interconnectedness of the economies of the Asia-Pacific region. It recognizes the desirability of mutual support and the coordination of positions on the main issues on the agenda in the framework of participation in the APEC forum, according to national circumstances, objectives and priorities of Parties. Cooperation of the Parties in the framework of the forum can be in the form of mutual support initiatives and projects offered by one of the Parties, as well as through training and promotion of joint initiatives and projects.
The Parties recognize the feasibility of mutual support and coordinate their positions on economic issues on the agenda in the framework of participation in the forum “on Interaction and Confidence-Building Measures in Asia.” For effective implementation of the CICA Business Council mechanism Parties intend to support the joint trade-economic and investment projects, as well as to take practical steps for their implementation, to develop cooperation within the framework of the Plan of Action for the implementation of the CICA confidence-building measures in the field of development of small and medium-sized businesses in the 2016- 2018.

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Alexei Ulyukayev: Chapter ABII confirmed the allocation of Vice-President of the Bank of Russia

In Beijing, Minister of Economic Development Alexei Ulyukayev, met with the president of Asian Infrastructure Investment Bank (ABII) Liqun Jin. During the meeting, President of the Asian Infrastructure Investment Bank (ABII) Liqun Jin confirmed the allocation of vice-head of the bank in Russia, but a specific candidate for the post is not approved. This was told by Russian Economic Development Minister Alexei Ulyukayev said after the meeting.
“There is a mutual agreement, confirmed by the parties, that the Vice-President of Russia We will be appointed with respect to particular candidates have some more internal procedures to make but now expressed confidence that it will be done..” – He said.
According to him, the appointment to the post of one of the Russian representative of the bank’s vice presidents will, above all, the ability to influence the choice of projects and their quality selection. And it is not only to support the Russian draft, and that the portfolio was the right set of projects.
“We advocate absolutely clear approach: the need to act in the interests of all shareholders, shareholders must value getting added value from this whole affair is why we are interested – and I assured President ABII that our Russian projects will provide maximum protection from the point of view. risks and good profitability “, – added the head of the Russian Ministry of Economic Development.

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Alexei Ulyukayev: Russia in the near future will present ABII its first project in the field of transport infrastructure

“Russia in the near future intends to submit ABII its first project in the area of transport infrastructure”, – said the Minister of Economic Development Alexei Ulyukayev on completion of the first session of the Governing Council ABII.
“One project will present in the near future, it is in a high availability”, – he said, noting that in this case it must be a high degree of readiness and to arrange all financially.
According to him, Russian borrowers is not much interested in having to borrow in foreign currency. “Therefore, a balance is not easy, but there are already projects that meet these criteria,” – said the head of Russia’s economic department.
A working group for the selection of projects in the Ministry of Economic Development with the participation of colleagues from the Ministry of Finance and the Russian Direct Investment Fund, “and is preparing other projects, which will also touch and transport and energy infrastructure, and possibly in the area of environmental protection projects.”
At the same time the Russian side submitted proposals, according to Alexei Ulyukayev, will address “infrastructure, which should ensure the rectification and simplifying the delivery of goods between China and Europe.” In this sense, Russia is a transit country, the Minister said.
Funding from ABII projects to build high-speed railway “Moscow-Kazan” and upgrading “Bama” and “Trans” was discussed in May at a meeting of Russian President Vladimir Putin with head ABII.
“We will work, but the mandate of the bank, he takes small projects – 100-150 million dollars, -. So we will isolate some areas we discussed and co-idea, because there is a new BRICS development bank, which is located in Shanghai,. EDB is our – it will be possible to concentrate on one project several development institutions, “- said Minister of economic development of Russia.
Thus, he said, and for the institutions of the risks will be smaller and larger projects can enter. All about the same funding framework for projects that they take – is 100-150 million dollars.. It is possible synergies, said the Russian minister.

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Alexei Ulyukayev: project interface EES and the economic belt of the Silk Road opens up opportunities for “soft integration”

Minister of Economic Development Alexei Ulyukayev participated in the First Annual Meeting of the Board of Governors of the Asian infrastructure investment bank in Beijing.
Speaking at a meeting of the Governing Council of the Russian Minister of Economic Development Alexei Ulyukayev said that today there is a demand for productive economic infrastructure, especially in the developing countries of Asia. In 2011, the OECD estimated that the global demand for infrastructure over the next two decades will cost about $ 50 trillion. ADB believes that investment in emerging Asian economies should reach 8 trillion dollars from 2010 to 2020 This is, in his words, really, it is necessary to keep pace with the expected needs in the field of infrastructure. This financing gap is beyond the capacity of the World Bank, the ADB and the International Monetary Fund.
According to Alexei Ulyukayev, poor logistics and utilities create additional extra costs for local businesses and citizens, especially in the countries of Southeast Asia.
“We hope that the Bank will increase the pool of multilateral resources to meet these needs, – the Minister noted. – That is why this initiative has attracted a significant number of participants from all over the globe. ”
Gref stressed that participants should make ABII become more responsive and therefore more effective, transparent and consistent with the highest international standards, and has also collaborated with other financial institutions for development.
“The role and importance of Asia in the international arena has increased, but the region is facing serious infrastructure problems Therefore, we welcome all regional initiatives that can help to overcome these obstacles and improve productivity and quality of life of people” -. Said Alexei Ulyukayev.
Last year, Russian President Vladimir Putin and President Xi Jinping signed a joint declaration on linking the Eurasian Economic Union and the Silk Road Economic Belt. “We believe the long-term cooperation with our main priority”, – said the Minister.
According to him, the Silk Road project coupling UES and economic zone offers opportunities for “soft integration”. The initiative includes the construction of transport corridors from East Asia to Europe via the territory of the Eurasian Economic Union, the development of energy projects, production and technology in sectors such as IT, education and medicine.
At the St. Petersburg International Economic Forum Russian President said that together with our Chinese colleagues is scheduled to begin formal negotiations on the formation of a comprehensive trade and economic partnership in Eurasia with the participation of the European Union and China.
“This will be one of the first steps towards the formation of a large Eurasian Partnership”, – said Alexei Ulyukayev.
ABII can play an important role in the future economic growth of all countries.
“I think that the B ank will make a valuable contribution to sustainable growth and economic development, – he stressed. – We all hope that will ABII financial institution with international standards, transparent decision-making processes and equal conditions for all. ”
“I think that ABII succeed, and take its rightful place in the structure of the existing international financial institutions”, – concluded the Minister of Economic Development of the Russian Federation.

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Prime Minister of Russia toattend the 11th ASEM Summit in Mongolia

Prime Minister of Russia Dmitry Medvedev will attend the 11th ASEM Summit of Heads of State and Government (ASEM11) in Ulaanbaatar, Mongolia, on 15-16 July 2016. The 11th ASEM Summit will also mark 20 years since the launch of the Asia-Europe Meeting dialogue.
The heads of state and government will review the forum’s performance over the past 20 years, discuss the build-up of practical cooperation within ASEM, including with the aim of strengthening region-to-region ties, and also look at the prospects of improving this multilateral instrument. They will also exchange opinions on key issues on the international and regional agenda.
Following the summit, the leaders will adopt the Ulaanbaatar Declaration and statements by Mongolia as the country hosting the 11th ASEM Summit.

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ANSYS Honored As 2016 Confirmit Ace Awards Judges’ Choice Winner

PITTSBURGH, June 23, 2016 — ANSYS, (NASDAQ: ANSS), the global leader in engineering simulation solutions, has been named a Judges’ Choice winner of the 2016 Confirmit ACE (Achievement in Customer Excellence) Awards in the Innovation in Customer Engagement category. This distinct honor demonstrates ANSYS’ long-term commitment to providing best-in-class customer service and customer support.
The Confirmit ACE Awards program celebrates outstanding achievement in customer experience. Receiving a Confirmit ACE Award demonstrates the recipient’s rigorous application of Voice of the Customer processes and its outstanding performance as measured by those procedures. An elite group of Confirmit clients qualified for an ACE Award. This is the second consecutive year that ANSYS has earned the Confirmit ACE Award based on its superior customer service and support. Winners of the Judges’ Choice award were singled out for special recognition by the panel of judges.
“ANSYS is a proud recipient of a Confirmit ACE Award as it affirms our dedication to provide outstanding customer experience,” said Jim Cashman, ANSYS president and CEO. “Our customer satisfaction rates continue to be among the highest in the software industry and this award demonstrates that we are delivering on that promise. Our Voice of Customer program has brought immense value to our organization and we are pleased to share this award with all those who help fuel the experiences that afford us such a loyal customer base.”
“As a Judges’ Choice award winner of the 2016 Confirmit ACE Awards, ANSYS has demonstrated a genuine commitment to listening to its customers in an effort to better understand their needs and drive positive change across the business,” said Henning Hansen, president and CEO of Confirmit. “Their submission particularly stood out to the panel of judges as an example of organization that is truly putting the customer at the heart of their business.”
About the Confirmit ACE Awards
The ACE (Achievement in Customer Excellence) Awards program was established in 2005 to recognize outstanding achievement in customer experience. Receiving a Confirmit ACE Award is a distinct honor that demonstrates both rigorous application of customer feedback processes and outstanding performance as measured by those processes. All Confirmit customers are eligible for Confirmit ACE Awards for their company, business units, or segments of a business. To be eligible for a 2015 Confirmit ACE Award, organizations must have conducted one or more customer surveys between January 1 and December 31, 2015.

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KPMG takes part in the 20th St. Petersburg International Economic Forum

KPMG delegates took part in different sessions and round tables where they discussed the key economic challenges faced by Russia and other countries.
On 16–18 June St. Petersburg was the venue for the 20th International Economic Forum (SPIEF), which is an annual platform for global political and economic leaders to discuss current events. Every year, the SPIEF is attended by over 10,000 participants from Russia and abroad: heads of state and government, top managers of large corporations, leading international experts from academic circles, the media, and civic society.
KPMG professionals actively participate in the SPIEF on the annual basis, and this year our specially invited guest was John Scott, Deputy Global Chairman of KPMG International and EMA Chairman. John took part in the session “A new ecosystem for Russian small- and medium-sized enterprises” dedicated to entrepreneurship drivers, and in the session on the talent factor in economics “Labour mobility and the future of the social contract between the company and employees”.
In addition to the sessions, a range of other events was held as part of the SPIEF. Alexei Romanenko, KPMG in Russia and the CIS Head of Infrastructure, spoke at the round table dedicated to developing territories, and StepanSvetankov, Corporate Finance Partner, shared his project experience at the seminar on systematic approaches to public-private partnerships.
During the SPIEF, KPMG Partners acted as special guests at the Kommersant FM field studio and shared their views on the development of various Russian economy sectors in daily live broadcasts.

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