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iconannual 2018

Supporting the networking concept of iconvienna the iconbrandannual offers the best place to introduce global potential partners to your latest developments! Covering topics like Branding, Innovation, Smart Cities & Regions 2020, Cooperation & Technology, International Finance & Projects, Energy & Infrastructure & Transport, Branding & IP Rights, Education & Tourism several high-ranked companies, programs, projects and initiatives have been represented.

Supporting the networking concept of iconvienna the iconbrandannual offers the best place to introduce global potential partners to your latest developments!

Covering topics like Branding, Innovation, Smart Cities & Regions 2020, Cooperation & Technology, International Finance & Projects, Energy & Infrastructure & Transport, Branding & IP Rights, Education & Tourism several high-ranked companies, programs, projects and initiatives have been represented.

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Russian Federation<br />

Greetings<br />

Dear readers!<br />

H. E. Dmitry Lyubinskiy<br />

Ambassador of the Russian Federation to Austria<br />

On behalf of the Embassy of the Russian<br />

Federation in Austria I am delighted to<br />

welcome the participants of the 14th<br />

European Business and Investment<br />

Forum, which has been known for many years<br />

as an important platform for developing business<br />

ties, securing investments and expanding<br />

contacts network.<br />

The Russian Federation, despite certain<br />

challenges in the past several years, once again<br />

achieved by the end of 2017 economic growth<br />

and an increase in industrial production while<br />

maintaining a low level of inflation. In order<br />

to grasp the significant progress of the Russian<br />

economy it is necessary to consider the pace<br />

of the changes: since the year 2000 the GDP<br />

has increased by 75%, industrial production –<br />

by 60%, the average income of the citizens has<br />

more than tripled. The vast opportunities for<br />

foreign investors are defined by the diversity<br />

of spheres of our economy, varying from agriculture<br />

and extraction of mineral resources to<br />

sophisticated IT-services and space exploration.<br />

Russia has always been a reliable business<br />

partner of the European states. Just last year,<br />

despite the imposed sanctions, we achieved a<br />

24,2% growth of the bilateral trading of goods<br />

with the EU. Russian-Austrian relations serve<br />

as an example of what can be achieved when<br />

there is a mutual will to cooperate. By the end<br />

of the first half of 2017 the amount of Russian<br />

investments in the Austrian economy totaled<br />

at $22,9 billion, Austrian partners invested<br />

$4,7 billion in our economy. There are more<br />

than 1200 companies from Austria currently<br />

doing business in and with Russia.<br />

These positive trends along with Russia's<br />

rightfully earned reputation as a reliable business<br />

partner have been recognized by the<br />

international community as well. Our country<br />

received an honor to host the Winter Olympic<br />

Games in 2014 and is fully prepared to welcome<br />

this year football fans from around the<br />

globe to FIFA World Cup, which will take place<br />

in 11 Russian cities. Events of such scale contribute<br />

to further development and modernization<br />

of the infrastructure and provide endless<br />

opportunities for investors.<br />

We also welcome new foreign business<br />

partners and wish them a successful start in<br />

Russia!<br />

Foto: Richard Pobaschnig<br />

The European Business and Investment Magazine <strong>iconannual</strong> 49

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