An International Company in Russia: Manager’s View

16 January 2019
An International Company in Russia: Manager’s View

Within the framework of the second day of the anniversary X Gaidar Forum, an expert discussion “An International Company in Russia: Manager’s View” was held. During the discussion, the experts touched upon the development strategies of Russian companies, attracting investments in the economy and other sectors: investors' expectations and surprises for them.

Olga Bantsekina, Head, Representation Office, Coleman Services UK, Member of the Board of the European Business Association, acted as moderator. Among the invited experts were Antonio Linares, Managing Director of ROCA in Russia and the CIS, Cesare Biggiogera, Head of the Prysmian Group in Russia,  Juergen Koenig, President and CEO of Merck in Russia, Johan Vanderplaetse, Senior Vice President, President of Schneider Electric in Russia and the CIS, and Albert Grigoryan, General Representative ENGIE in Russia and Head of Representative Office in Moscow.

At the beginning of the discussion, each speaker was invited to tell about himself and his company, and also to describe the current situation in business. Johan Vanderplaetse singled out the external and internal difficulties that the Russian economy is facing: sanctions that affect all sectors of production, insufficient support for small and medium businesses, a strong dependence on large state-owned companies. Antonio Linares noted that the unemployment rate is much more advantageous compared to other countries.

Johan Vanderplaetse emphasized that the state needs to invest money in education, in the training of qualified personnel, which will correspond to the  current changes. Juergen Koenig highlighted the importance of associations and chambers of commerce for the functioning of national economies.

The speakers noted that in 2018 Russia took the 31st place in the Doing Business rating, which is 4 positions higher compared to the previous year.

The participants in the discussion agreed that there is a large production potential in Russia. It is necessary to invest in the development of all regions, and not only in large cities. It is also important to focus on the highest segment of the product line, needing improved technology.

In continuation of the discussion, Antonio Linares expressed the opinion of weak support for small and medium-sized businesses and raised the problem of low mobility of people between different regions. As the reasons, the speaker called the following phenomena: the privatization of housing and the low level of motivation.

During the discussion, Albert Grigoryan emphasized that in the period of globalization and digitalization of all spheres of life, it is important not to forget to work with social and communication skills.

Juergen Koenig paid attention to the health problem that exists in all countries. The task of the state is to do everything so that a person has access to medical care. “For successful development it is necessary to have a dialogue between different ministries that will work to resolve this problem,” he added.

At the end of the discussion, the speakers agreed that Russia needs to reconsider and refine its image on the world stage. The discussion ended with an open dialogue.

Viktoriya Voynova, RANEPA

All records of live broadcasts from the Gaidar Forum 2019

10th Gaidar Forum Organizers:

The Russian Presidential Academy of National Economy and Public Administration (RANEPA);
The Gaidar Institute for Economic Policy (Gaidar Institute);
The Association of Innovative Regions of Russia (AIRR).

The general partners of the Gaidar Forum are Gazprom and Gazprombank; strategic partners include Prosveshcheniye publishing house, Coca-Cola, Pharmstandard group, ACIG Group of Companies, the Russian Textbook Corporation, SANOFI, Novartis, Johnson & Johnson, Russian Railways, MSD, and Mastercard; EY, Cisco and Russian Direct Investment Fund are partners. This discussion’s partners are Philips, Cherkizovo and RVC.

The general information partners of the Gaidar Forum include the Rossiya 24 TV channel, Forbes global media company, RBC and TASS news agencies. The official information agency is Rossiya Segodnya. The general radio partner is Business FM. The strategic information partners are Kommersant Publishers, the RT TV channel, Interfax and Gazeta.RU. The main information partners are Profil weekly, FederalPress news agency, and Invest Foresight online magazine. The international information partners are Sputnik and Cision. Other media partners include PRIME news agency, Rossiyskaya Gazeta, RNS news agency, Radio Ekho Moskvy, News.Ru,, Parlamentskaya Gazeta, the PRO BUSINESS TV channel, Strategia magazine, AK&M, BRICS, Ekonomika i Zhizn weekly, National Banking Journal, Expert Tatarstan magazine, the Smart Country information platform, Financial One, Naans Media, and the Public Administration scientific political journal.

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