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CIS Countries and Eastern Europe

Innovations and Investments: Role of Financial institutions in Development of CIS Economies

April 28 May 1, 2010, Austria, Vienna


* The world crisis has sharply unveiled an acute need for the CIS countries transition from mainly raw-material supplier development model to the new, innovative scenario.

* Acknowledging this problem the Council of Head of States CIS participants declared 2010 as the Year of Science and Innovation in the Confederation.

* At the same time the European Commission proclaimed the initiative Partnership for Modernization for Russia.

* The innovation processes of transforming the economies could be hardly imagined without the active participation of financial organizations, national and international institutions for development.

The annual Vienna Economic Forum for CIS countries and Eastern Europe is an unique event for sharing experience between financial institutions of the European Union and CIS countries.

The business program of the 4th Forum provides for discussion of issues on the role of financial organizations in ensuring innovative development of CIS economies and the European Union judging its valuable experience of EU members modernization.

Keeping in mind the need for study of the current trends of World economy, experience of European Union countries, as well as demand for specific recommendations for entities engaged in innovation process, Financial and banking Council of CIS with the support of CIS Executive Committee is conducting the IVth Vienna Economic Forum for CIS countries and Eastern Europe Innovations and Investments: Role of Financial institutions in Development of CIS Economies from April 28 to May 1, 2010 in Vienna (Austria).

The representatives of international financial organizations, executive and legislative bodies of the CIS countries, European Union, national financial institutions for development, large commercial banks, investment/venture funds, as well as the developers of innovations potential and current recipients of investments.

Within the framework of the Forum it is planned to conduct plenary meetings and round table conferences on the following agenda:

Role of international financial organizations in providing innovative development.

Collaboration of innovative program operators with financial institutions: problems and solutions.

Cooperation of financial-banking institutions with national financial regulators, legislative and executive bodies in financing innovative projects.

Innovation as a product of market economy. Criteria and standards of financial evaluation of innovative projects.

Role of national banks for development and strategic banks of CIS countries in the innovative development.

International Financial Centers innovative elements of financial architecture.

Financing cross-border innovation programs in CIS.

Join collaboration of national financial structures of CIS and international development organizations on implementing innovation projects.

Single Customs Zone (Russia-Kazakhstan-Belarus): new opportunities for integration with the European Union.

The key representatives of the political and business-elite of CIS countries and the European Union have been invited to participate in the Forum:

  • Vnesheconombank (VEB) Chairman Vladimir Dmitriyev

  • Chairman of the Board International Bank of Azerbaijan Jahangir Hajiyev

  • Representatives of European Commissions

  • Spokesman of the United Nations Industrial Development Organization (UNIDO)

  • Spokesman of the IFC/WorldBank

  • First Deputy Chairman of the Central Bank of Russia - Alexey Ulyukaev/ Melikyan*

  • Deputy Chief of Rossotrudnichestvo Igor Morozov*

  • Representatives of European Commission for research, innovation and science

  • Deputy Finance Minister of the Russian Federation Alexey Savatyugin*

  • Deputy General Secretary of EvrAzES Sergey Glaziyev*

  • Chairman of the Science and State High Technologies Committee of the Federal Assembly of the Russian Federation Valery Chereshnev*

  • Director of the Department of Economic Cooperation with CIS Countries under the Ministry of Economic Development of the Russian Federation Sergei Chernyshev (Deputy Minister Andrey Slepnev)*

  • General Secretary of the Banking Association for Central and Eastern Europe I. Lendyel

Taking into account the project on modernization of the Russian Federation developed by the European Commission, this conference is a relevant momentous event and can assist in strengthening economic integration between CIS countries and the European Union.

The annual ceremony of awarding the laureates of banking award Platinum key shall be held at the Forum. The award was constituted at the 2nd Vienna Forum of the heads of banking associations of a number of European states and CIS countries.

2007 - 2010 " "