The Russia Forum 2010

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News

Interfax February 25, 2010
Interfax, Michael Milken: Economic growth shouldn’t depend upon a handful of banks >>
Troika Dialog February 17, 2010
Russian Angels and Global Demons – Troika Dialog sums up The Russia Forum 2010 >>
Troika Dialog February 5, 2010
Press Release on Forum highlights. The Russia Forum 2010: internalize the lessons, heed the risks and return to prosperity >>
Troika Dialog February 5, 2010
Press release on the second day’s highlights. Modernization: The Human Factor >>
Troika Dialog February 5, 2010
Press Release. Day 1 Highlights. The crisis as an opportunity >>
Troika Dialog February 5, 2010
Session Summary. Private Banking: the Future of the Industry >>
Troika Dialog February 5, 2010
Session Summary. BRIC Growth: an Irreversible Trend? >>
Troika Dialog February 5, 2010
Session Summary. Utilities: What’s Left to Be Done in Order to Get the Promised Market Model? >>
Troika Dialog February 5, 2010
Session Summary. Debt Restructuring and Afterlife >>
Financial Times February 5, 2010
Russian pledge in race to catch Bric rivals >>

Words of Wisdom

Herman Gref, Chairman of the Board and CEO, Sberbank:

The debate about whether leverage is needed is a debate about food. When people begin dying from obesity, it’s possible to debate about whether food purveyors are needed. Very large companies in Russia had quite a strong appetite. Now they’re forced to go on a diet.
Michael Milken, Chairman, Milken Institute:

Russia will be among the ten largest economies in the 10-year horizon. Its exact spot in that list will depend upon how well government and business are able to diversify the economy and foster societal development based on information.
Ruben Vardanian, Chairman and CEO, Troika Dialog:

Russia experiences waves of love and hate. Either people are running en mass run to invest in Russian securities, or they’re fleeing, saying it isn’t worth it and Russia should be excluded from the list of appealing countries.
Edmund Phelps, McVickar Professor of Political Economy, Director, Center on Capitalism and Society:

The decision by the G20 countries regarding cross inspection of one another marks the beginning of new global control mechanisms. This will indicate whether we can move beyond the previous model.
Mikhail Kusnirovich, Founder and Chairman of the Board of Directors, Bosco di Ciliegi Group of Companies:

You should make the consumer fall in love with you. Only then will you be a success!
Evgeny Gavrilenkov, Chief Economist, Troika Dialog:

Given the right policies, Russia will be able to achieve a lowering of lending rates. Peoples’ incomes, meanwhile, will continue their gradual growth.
Alexei Kudrin, Deputy Prime Minister – Minister of Finances of the Russian Federation:

I’m sure that we will start recovering the level of foreign direct investments that was reached before the crisis, and the amount of foreign direct investments will reach $60–$70 billion in the coming two–three years.
Nouriel Roubini, Professor of Economics, NYU’s Stern School of Business:

There will be market growth that will last for some time, but I don’t think the third world economies will see this kind of growth. Chinese growth depends on exports, but the Americans are spending less. The Chinese have increased investments in their own production, but they should focus on internal consumption rather than exports.
Alexei Kudrin, Deputy Prime Minister – Minister of Finances of the Russian Federation:

We need to use the chance given by the crisis to reduce inflation, reduce lending rates, to create so-called long money.
Nouriel Roubini, Professor of Economics, NYU’s Stern School of Business:

We are going to see credit and inflationary risks – problems that can restrain economic growth.