Press-Release: MACH-2018, April 9-13, Birmingham

On April 9-13, the Russian Trade Delegation in the UK took part in the international exhibition of engeneering and machinery advanced technologies «MACH 2018» that was held in Birmingham. «MACH» is organised every 2 years and became the largest event in it`s industry in the UK. The exhibition presented innovative developments in industrial machinery not only from across the UK’s manufacturing sectors, but also from the world’s largest companies («Matsuura Machinery Ltd.», «Murata Machinery Ltd.», «EDM Technologies Ltd.», «HK Technologies Ltd.», «Mitsubishi Electric Corporation») – the total number estimated more than 600. This year “MACH” has been attended by more than 25 000 visitors.
During the exhibition a number of demonstrations and training seminars were showcased by worldwide leading manufacturers. The technologies of industrial 3D-printing were in the main focus as they will become the core factor in increasing production efficiency in the future. Solutions for the main production processes, such as milling, turning, metrology, workplace equipment and production safety were also widely presented in “MACH”.
The largest British bank «The Lloyds Bank» became one of the sponsors of the exhibition and presented it’s flexible loan program «Asset Finance». This program provides the opportunity to the British manufacturing companies to purchase innovative equipment to increase production volume and efficiency. Over the past 4 years this program has strongly supported British manufacturers with more than 4 billion pounds (https://www.lloydsbank.com/business/retail-business/loans-and-financing/financing/asset-finance.asp).
The participants of «MACH 2018» paid high attention on the showcase of the British charitable organization «Engineers without Borders». At the special stand of the organization were demonstrated training mechanisms for both students of technical institutions in order to show the latest solutions in modern technology and for the younger generation in order to encourage them to choose the profession of an engineer.
The Manufacturing Technologies Association of the UK was the main organiser of the exhibiton. The Association includes companies that develop technologies and solutions for the production of various types of machines, cutting and measuring equipment, software and other services for the industry.
The Association expressed regret that manufacturers from Russia had not participated in the exhibition this year stressing that investing in new technologies is vital for sustainable production development. At the same time they indicated an interest in further cooperation with the specialised Russian companies and organizations. The MACH’s organisers hoped to welcome the Russian machinery sector in forthcoming events of the Association.

VII Cbonds Emerging Markets Bond Conference, April 19-20, London

April 19-20, 2018, VII Cbonds Emerging Markets Bond Conference will take place in London. EM capital markets of Russia, CIS, Ukraine, Caucasus region, Africa, Middle East, Latin America, Asia, CEE will be in focus fof upcoming Conference.

Conference has been the most engaging event connected to EM capital markets and bringing together professional’s expertise. The key sessions are attended by reputed macroanalysts, portfolio managers, issuers, heads of DCM teams, who share their predictions on capital market conditions and discuss up-to-date investment ideas in the fixed income markets of Africa, Middle East, Latin America, Asia, CEE, Ukraine, Russia, CIS and Caucasus region.

The list of participants includes UK financial institutions, EM financial institutions and corporations, international rating agencies and infrastructure companies.

Cbonds Emerging Markets Bond Conference is the established annual meeting place for anyone involved in EM bond markets.

Resource: http://cbonds-congress.com/events/401/?l=2

Russian flagship pasta brand MAKFA at FOOD&DRINK Expo, Birmingham, April 16-18, 2018

FOOD&DRINK Expo provides the excellent opportunity to meet the Russian flagship pasta brand MAKFA! FOOD&DRINK Expo will take place in Birmingham on April 16-18, 2018.
MAKFA – Russia’s largest exporter of pasta products in 25 countries in Europe, Asia, North and South America, CIS. The presence at international trade fairs reinforces the image of MAKFA and allows buyers and distributors to see with their own eyes exactly what the company is doing. MAKFA’s top-quality products will be displayed at FOOD&DRINK Expo – stand G170!
Company profile_MAKFA_May 2017 (pr)
Visit MAKFA: http://www.makfapasta.com/ http://www.makfahealth.com/
The UK Food Shows offer an unparalleled meeting point for the entire food and drink community – a first up fixture in every food professional’s diary. Five shows covering the complete UK supply chain – Food & Drink Expo, Foodex, The Ingredients Show, National Convenience Show and Farm Shop & Deli Show.
Buyers and decision makers across the whole industry, from grocery, wholesale and speciality retail to foodservice, ingredients and manufacturing, will come together to uncover the hottest trends, latest product launches and the industry’s vision for the future. These events promise three days of innovation, inspiration and theatre. This opportunity only comes once every two years.
Official website: https://www.foodanddrinkexpo.co.uk/

April 24-25, Elista, Russia – INVESTMENT IN THE REAL ECONOMY

Attracting investment into the real economy is a top priority for Russia’s regions. Developing high-tech manufacturing facilities, creating new jobs, and improving infrastructure all help to boost a region’s competitiveness.

In recent years, several institutions and measures have been introduced to support industrial development in Russia. Such initiatives aim to attract financing, identify and apply technological solutions, and offer assistance in finding new domestic and foreign markets.

April 24-25, 2018 Plenary session and Presentation of investment projects in the astonishing Republic of Kalmykia will take place at Elista city. Programme is available here: ПМЭФ-2018_Калмыкия_EN.

Contact details:

Roscongress Foundation
Tel./Fax: +7 (495) 640 4440
Email: info@roscongress.org

Turnover between Russia and the UK rose by 41,1%

According to the British customs statistics, in January 2018 the turnover between Russia and the UK rose by 41,1% in comparison to the same period last year. The British export to Russia expanded by 17,2% and the Russian export to the UK increased by 54,9%. Growth of Russia’s non-resource export showed quality improvements +11,6%. Alongside with the traditionally high activity in mineral raw materials (+92,9) the Russian non-resource export structure also evidenced strong growth in 3,6 times in [50-67] textile, footwear, but also:
– [71] precious stones, precious metals, articles thereof +76.9%
– [84-90] machinery and mechanical appliances, apparatus +35.0%
– [68-70] articles of stone, ceramic products, glass and glassware +104.1%.

Russia earmarks $53 million to develop digital economy

Russia has allocated about 3.04 billion rubles ($53 million) to develop its digital economy, according to an order by Russian Prime Minister Dmitry Medvedev published on Saturday.

The fund will be used to finance IT infrastructure and technology research centres in the country and boost Russia’s information security, said the order, which was published on the government’s website, Xinhua reported.

Russia’s state program Digital Economy, approved in July 2017, consists of five areas — regulation, education and human resources, cyber security, research, and IT infrastructure.

The Russian economy largely relies on natural resource exports and arms sales. The country is seeking to improve the structure of its economy.

“Digital conversion of the economy is an issue of our global competitiveness and national security … We should have a full-fledged digital environment,” Medvedev said at a government meeting last year.

Resource: http://www.financialexpress.com

Press Release on the Eurasia FinTech Forum

On March 21st, the Russian Trade Delegation in the UK took part in the Eurasia FinTech Forum. The event was organised by the UK industry-led body TheCityUK in cooperation with the London Stock Exchange. The Eurasia FinTech Forum took place as part of the one of the worldwide leading fintech event – UK FinTech Week 2018.

The Eurasia FinTech Forum brought together senior fintech policy leaders from the international centres of Russia, Kazakhstan and Turkey and other countries from across the Eurasia region including Georgia, Kyrgyzstan and Mongolia.

The Russian Session was represented by Ekaterina Golub, the Moscow International Financial Taskforce, Pavel Shust, the Russian Electronic Money Association, and Ekaterina Andreeva, FinTech Projects at NAUFOR.

Presented during the Russian session inputs on new trends in the Russian fintech market were very welcomed by the international attendees. The significant progress achieved by the Russo-British Joint Liaison Group on Creating International Financial Centre in Moscow was also highly appreciated during this event. The audience was very supportive about the new initiative of delivering best competence to the Russian entrepreneurs via new highly professional body which is represented by advisers specialising in fintech consulting.

The forum reported that both VC investment and private equity investment reached peak levels in 2017. Today fintech has become the most dynamic economic sector worldwide.
The Eurasia FinTech Forum provided attendees with the brilliant opportunity to network with UK-based investors and best professionals within the fintech community. This forum also involved businesses in sharing together innovative ideas on how to develop fintech market globally.

Russian E-Money Association presents second realese of “Meanwhile in Russia”

▪ Russian Parliament held hearings on the potential of digital economy in Russia. Digital economy became a focus of national politics recently, with the ministries, law-makers and think-tanks heavily involved in the discussions. The hearings were focused on the legal and financial aspects of developing country’s digital economy, raising crucial questions, among which were: digital and biometric identification, regulatory sandboxes, lack of skilled human recourses and others. At the moment, most advances are more theoretical than practical. But hopefully, the result will materialize.

▪ Payments via messenger. According to the representative of Russian Government Mikhail Akimov, new way of cashless payments may soon appear in Russia. Akimov mentioned that payment cards will lose their leading position giving way to payments using smartphones. It is yet unclear how payments in internet messengers will work. However, there is a possibility that the technology will leverage the National Payment System infrastructure. Probably, Russian government wants to replicate the success of the Chinese WeChat which became extremely popular for non-card small value payments.

▪ Russian company “Bitcoin Changer” offers to change bitcoins to rubles and dollars without a fee. The website of the company (btc2rur.ru) was registered in 2017 and some sources say that the company is connected to the «Interkommerts” bank. The website offers exchanging schemes that are yet unregulated in Russia and moreover can be declared as illegal. The information on the website states: «Service is an element of cashing scheme of officially unaccounted money. We do not all quite right within the laws of the Russian Federation, but we can offer the best rate». The only contact is a phone number that is tied to the account in the Telegram. Meanwhile, Ministry of Communications suggested to create specialized state exchangers for local miners – so that they can convert digital currencies into fiat money in a controlled environment.

Resource: http://www.npaed.ru/en/releases/464-an-unofficial-translation-of-the-letter-from-the-federal-tax-service-of-russia-on-the-measures-regarding-the-exercise-of-control-over-the-circulation-of-crypto-currencies-3

S&P expects Russians’ real incomes to increase in 2018 amid growth of lending

S&P international rating agency forecasts the growth of real disposable incomes of Russian citizens in 2018 amid the growth in retail lending in the country. That is according to the agency’s report on the development of the Russian banking sector in 2018.
According to S&P experts, growth in the retail lending segment could be about 13-15% in 2018. The level of real disposable incomes and customer confidence can gradually increase in the long term due to relatively low inflation rates, the report says.
S&P also marks recovery in corporate lending, although it predicts lower growth rates than in 2013-2016.
“The companies significantly reduced the debt burden in the last few years and adhered to a very balanced approach with respect to new investments and borrowings,” the agency explained.
Thus, according to S&P forecasts, the volume of lending to legal entities in 2018 may grow by 4-6%, and in general the assets of the Russian banking sector will grow by 7-10% amid a gradual recovery of the Russian economy.
S&P view is based on the agency’s forecast of oil prices at an average level of about $60 per barrel in 2018 and $55 per barrel in 2019, as well as the expected economic growth rate of 1.8% in 2018.

More:
http://tass.com/economy/995255

Russia’s top lender expects country’s digital economy to reach $1.1 trillion by 2025

Sberbank expects Russia’s digital economy to reach 65 trillion rubles ($1.1 trillion) by 2025, Chief Executive Officer of the country’s top lender Herman Gref said Thursday.
“When developing our strategy we tried to make projections for digital economy. In our view, it may amount to about 65 trillion rubles by 2025,” he said.

The Russian president put digital economy on the list of main goals of the country’s strategic development until 2025. The government approved the program on development of digital economy in July 2017. It consists of five areas dedicated to normative regulation, education, human resources, development of research competencies and IT infrastructure and cybersecurity. The delivery horizon is in 2024. Part of measures are already being implemented.

More:
http://tass.com/economy/994329