The Third Moscow International Financial and Economic Forum «Eurasian Union and the EU: new opportunities of economic cooperation» was held in Moscow on December 1, 2016.
This event was organized by the Finance and Banking Association Euro-Asian Cooperation (FBA EAC) together with the Internationaler Wirtschaftssenat e.V. (Berlin, Germany) with the support of the Russian Union of Industrialists and Entrepreneurs (RSPP) and the Eurasian Economic Commission (EEC).
The Forum was attended by 157 participants from representatives of business and banking community from 14 countries (Russia, Germany, Kazakhstan, India, Italy, Greece, Bulgaria, Belarus, the United Arab Emirates, Israel, Croatia, Egypt, Estonia, and Turkey). Over 80 % of the participants are businessmen representing various sectors of industry and agriculture (machinery, electric power, textile, chemical, oil and gas and mining industries, aerospace industry, software, information technology, logistics, publishing and jewelry making), approximately 10% of participants were bankers, as well as representatives of government agencies and the scientific community.
President of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin has acted with a salutatory word to the participants of the Forum. In his presentation, he gave a brief analysis of economic and financial links between EU and Russian Federation and stressed that for the last 20 years Russia and the countries of Europe have achieved tangible progress in some areas, such as the economic, technological and cultural cooperation. In conclusion Alexander Shokhin noted that peace, cooperation and deep integration should be the motto for coming years for the establishment of the Eurasian Economic Union, the European Union and other integration associations in Europe, Asia and around the world.
During the first plenary session shared their experience and vision of prospects for cooperation:
- Timur Suleimenov – Member of the Board – Minister in charge of Economy and Financial Policy of the Eurasian Economic Commission, Chairman of the Supervisory Board of FBA EAC (EAEU);
- Bakhytbek Bayseitov – Chairman of the Board of “Bank CenterCredit”, President of the Financial and Banking Association of Euro-Asian Cooperation (Kazakhstan);
- Bernhard Gerwert – Head of Airbus Defence and Space GmbH (Germany);
- Bhati Lal Sunder – President of Commercial Indo Bank LLC (India);
- Prof. Dr. Stefan Kooths – Head of the Forecasting Center of Kiel Institute for the world economy (Germany);
-Leonid Morozov – Minister of Economic Development of Perm region of Russia;
- Peter Nussbaum – International Economic Senate (Germany);
- Tigran Davtyan – Director of Financial Policy Department of the Eurasian Economic Commission;
- Andrey Korkunov – Chairman of the Board of Directors “Ankor Bank” and many others.
The first breakout session «Providing access of entrepreneurs to capital markets and funding sources in Eurasia» were moderated by Chairman of the Board of “Bank CenterCredit”, President of the Association of Banks of the Republic of Kazakhstan Bakhytbek Bayseitov and Executive partner of Company Group “DDP GROUP”, Chairman of the Board of Directors of LLC “Financial Integrator”, Chairman of the Committee of CCI of Russian Federation on financial markets and credit organizationsVladimir Gamza. The speakers suggested their examples and experience to build more developed and mutually beneficial relations in Eurasia.
Nicholas Brown – CEO Greenfield Consulting DWC-LLC (Dubai)
The second breakout session «Small and medium-sized businesses in the economy of the future» were moderated by President of the Soltex Group Ltd Manish Kumar and Head of the Forecasting Center of Kiel Institute for the world economy Prof. Dr. Stefan Kooths. The meeting took place in business like atmosphere, was raised important aspects of the new opportunities for the business community, and discussed the problematic issues to hinder the development of small and medium-sized businesses.
During the third breakout session «Mechanical engineering and agroindustrial complex» where were moderated by Minister of Economic Development of Perm region of Russia Leonid Morozov and Board Member of the Chamber of Commerce and Industry of Bolzano / Bozen (Italy) Theo Dipoli. There were discussed the processes of mutual regional economic integration and cooperation among the countries of Europe and Russian Federation. The speakers made a lot of interesting and useful information rolling into concrete proposals.
The fourth breakout session «The architecture of the digital ecosystem of the bank» passed not less excitingly. There were moderated by Chairman of the Board of NP “National Payments Council” Alma Obaeva and Chairman of the Supervisory Board of the Consortium G3 and Net-Centric, Head of the Analytic Centre of FBA EAC “Monitoring of the global financial system” Marina Khokhlova. Over the past decades banks and financial organizations spend billions on the ABS (automated banking system) and in the world right now are experiencing the period of Digital Transformation. Technology development predicts the emergence of new players in the global financial architecture. The first step was Token Service Providers which represent a new type of bank processing. This often results in new methods of locking transmissions and requires increased the model of attacks and threats for existing security systems of banking ABS and development of banking platforms of the digital economy.
At the second plenary session Alexander Murychev -Executive Vice-President of the Russian Union of Industrialists and Entrepreneurs, Chairman of the Coordination Council of FBA EAC, suggested the moderators of the sections to summarize the discussions and identify the main problematic moments of international cooperation in Eurasia. Moderators told about the results of the last sections, presented the most interesting presentations and shared their experience of overcoming barriers in implementation of disparate projects.
One of the memorable performances was the presentation of the project “Kamsky economic zone”, which includes the 5 regions located downstream of the Kama River. This project was introduced by Leonid Morozov – Minister of Economic Development of Perm region of Russia. He told about the economic structure of these regions and the development of a common integration strategy, a common policy in the field of manpower, training and industry.
In closing the second plenary session Alexander Murychev observed that Forum was eventful and interesting. Participants not only presented their projects and achievements but, the main thing, found new business partners, investors and discovered new promising areas of development. At the end of the Forum a number of treaties and agreements were signed, including was signed the cooperation agreement between the Government of the Perm region (Russia) and Bank CenterCredit (Kazakhstan). Alexander Murychev suggested holding the IV Moscow International Financial and Economic Forum in the first week of December 2017 in Moscow. This proposal was supported by all participants of the Forum.
The active support to the Forum was provided by the Minister of Economic Development of Perm region of Russia, the company Beiten Burkhard, Russian gold, Salus Pozitron, PlusBank. The partner of the event was the brand “White Birch”, creating a relaxed atmosphere with delicious cocktails.
This post is also available in Russian: III Московский международный финансово-экономический Форум «Евразийский союз и ЕС: новые возможности экономического сотрудничества»