The economic crisis might have made the St. Petersburg economic forum more modest. But the 3-day event will promote Russia as one of the world’s leading investment destinations.
The 2009 St. Petersburg International Economic Forum is unlikely to match the $14.5 billion worth of deals signed off in 2008. The global financial crisis, and ensuing economic downturn, mean that Russia’s premier investment showcase will present a different economy to global investors with a different outlook. Russian Presidential Aide, Arkady Dvorkovich believes this years forum will be more about cultivating longer term investors.
“We believe that foreign investors' behavior is quite prudent and stable right now. There is no outflow of investment from Russia, and we know many companies have further plans to invest into the Russian economy including financial sector, manufacturing, energy, as well as services – retail, in particular.”
Source: RussiaToday
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