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St. Petersburg Economic Forum opens, Veep to participate

  |   International Business   |   No comment

As business leaders gather in Russia’s second biggest city of St. Petersburg for the annual St. Petersburg International Economic Forum (SPIEF), organizers have confirmed vice president Amissah Arthur as  one of the key speakers on the topic “Russia-Africa: Advancing New Frontiers.”

The panelists listed for the business roundtable include Kwesi Bekoe Amissah-Arthur, the Vice-President of the Republic Ghana, Mikhail Bogdanov, Deputy Minister of Foreign Affairs of the Russian Federation, Jean-Jacques Bouya, Minister in Charge of Spatial Planning, Republic of the Congo and Joseph Butore, Second Vice President of the Republic of Burundi.

The rest are Boris Ivanov, First Vice President, Gazprombank (Joint-stock Company) Managing Director, GPB Global Resources, Mzwandile Collen Masina, Deputy Minister of Trade and Industry of South Africa, Rob Miesen, Consultant, Head of Energy Practice EMEA, Spencer Stuart International BV, George Sebulela, Group Chairman, President, Sebvest Group and Nataliya Zaiser, Head of Africa Business Initiative.

Other guests expected at the gathering are European Commission President Jean-Claude Juncker, Italian Prime Minister Matteo Renzi and executives from the world’s leading companies.

Funds from 18 countries, including Europe and the US, with assets of more than $10 trillion will be represented at SPIEF, according to Russian Direct Investment Fund (RDIF) CEO Kirill Dmitriev. This is twice as many as the year before, he said. A meeting of financers with Putin is due to be held at a forum business dinner, reported on Thursday.

Top managers from 230 foreign companies will also be represented. Among them are the UK’s HSBC and PwC, Germany’s Siemens and Volkswagen, Italy’s Enel and Pirelli, Anglo-Dutch Royal Dutch Shell, Societe Generale, Schneider Electric and Total from France, Glencore from Switzerland, Mitsui from Japan and China’s Alibaba.

The economic forum will be held on June 16-18 with the theme ‘Capitalizing on the New Global Economic Reality.’

Amissah Arthur will also confer with the Prime Minister of the Russian Federation, Dmitry Medvedev, on ways of improving trade and other economic relations between the two countries.

Trade turnover between Moscow and Accra has declined from $1.42 billion in 2010 to $1.02 in 2015, according to trade statistics between the two countries.

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