Establishment of CU and Single Economic Space aims at business competitiveness increase - K. Kelimbetov

This year the topics of the forum is Global Economy: Managing the Recovery and Russia - Today and Tomorrow. Looking into the Future. The event brought together over 2500 participants including heads of 69 foreign and 74 Russian companies, more than 52 foreign delegations, the press service of the National Welfare Fund informs.

Yesterday the Head of SamrukKazyna took part in a roundtable negotiations Russia-CIS business dialogue in the course of which the business leaders of the region discussed necessity of strengthening cooperation amid increasingly competitive conditions and the necessity of stimulating innovations and modernization as well.

Kairat Kelimbetov noted the leaders of our countries had performed huge work on establishment of the Customs Union and the Single Economic Space "which is directed, first of all, on providing favorable conditions for business development and increasing its competitiveness".

"Russia and Kazakhstan were first to establish the Eurasian Development Bank that plays a key role in integration partnership. The idea on establishment of USD 10 bln Anti-Crisis Fund was implemented in the hardest period, but it allowed accelerating integration", he emphasized.

Tomorrow K. Kelimbetov will take part in panel discussion on "Sovereign funds: global risks and opportunities". Issues regarding impact of economic decline on the strategy of capital distribution in future, priority directions for investing in the nearest outlook, investment opportunities and risks (growing state debt, Forex, low rise in global economy) etc will be on agenda of the debates.

The Chairman of the National Welfare fund believes that the S-Petersburg Forum has become a platform to discuss such vital issues as ensuring stable growth in the post-crisis period for which stable financial infrastructure is needed. The new financial architecture has to reflect changes in global economic power and new global needs.