The 2nd Annual Forum “Small and Medium-Sized Enterprises – Contribution to the New Economy” Held in Moscow
The Second Annual Forum “Small and Medium-Sized Enterprises – Contribution the New Economy” was held on November 30, 2011 in Moscow. The Forum was organized by OJSC SME Bank incorporated in Vnesheconombank’s Group.
Russian Prime Minister Vladimir Putin sent greetings to the Forum’s participants and organizers.
The Forum’s participants discussed prospects for the Government Program of Providing Financial Support for Small and Medium-Sized Enterprises, summed up SWE Bank’s performance for 2011 and voiced plans for 2012-2015.
In attendance of the Forum were Vnesheconombank Chairman Vladimir Dmitriev, Board Member – Vnesheconombank Deputy Chairman Mikhail Kopeikin, representatives of OJSC SWE Bank’s business partners, representatives of international development institutions, heads of commercial banks, leasing companies, regional SME support funds.
Speaking at the Forum, Board Member – Vnesheconombank Deputy Chairman Mikhail Kopeikin said that the total amount of supporting small and medium-sized enterprises by the banks of Vnesheconombank’s Group increased to 300 billion rubles from January 1, 2012.
In the course of the Forum, Vnesheconombank signed an agreement on extending a guarantee as security for OJSC Spurt Bank’s obligations to the German Banking Group KfW and a Memorandum of Partnership and Cooperation to Support Innovative SMEs with the Russian Technological Development Fund.
By the established tradition, after the Forum banks, infrastructure institutions and businessmen from various Russian constituent entities were presented with awards for their significant contribution to implementing the Government Program of Providing Financial Support for SMEs.
Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975 21-34
Vnesheconombank to Extend Banking Guarantee as a Security of OJSC Spurt’s Obligations
In the course of the Second Annual Forum “Small and Medium-Sized Enterprises – Contribution to the New Economy” State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and OJSC Spurt entered into Agreement on extending a guarantee in favor of the German Banking Group Kreditanstalt fur Wiederaufbau (KfW).
The Agreement provides for Vnesheconombank to grant a banking guarantee worth 31.8 million US dollars as a security for fulfilling OJSC Spurt’s obligations under the long-term credit extended by KfW.
The Credit Agreement between KfW and Spurt Bank was concluded as part of the German-Russian Initiative on Funding Small and Medium-Sized Enterprises. Under this Agreement the German Bank is to extend a credit worth 30 million US dollars to OJSC Spurt for a period of 4 years to further fund small and medium-sized enterprises operating in the energy efficiency sector.
The Agreement on the German-Russian Initiative on Funding Small and Medium-Sized Enterprises was signed between Vnesheconombank and KfW Bank in February of 2009.
Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
Vnesheconombank and Roscosmos Start a New Stage of Cooperation on Projects in the Rocket –Space Sector
State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Federal Space Agency (Roscosmos) entered into an Agreement on Cooperation.
On behalf of Vnesheconombank the Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and on behalf of Rososmos by its Head Vladimir Popovkin.
In accordance with Vnesheconombank’s main investment activity sectoral priorities set forth in the Memorandum on the Bank’s Financial Activity the Agreement provides for establishing strategic partnership and promoting long-term effective and mutually beneficial cooperation between the parties in implementing projects and programs in the rocket-space sector aimed at modernizing the Russian rocket-space complex including creating new space technologies, developing and manufacturing rocket-space equipment, upgrading land space infrastructures, retooling production facilities, increasing energy efficiency and energy saving in the space sector’s enterprises, using space activity results for national interests.
The Agreement’s implementation would help to boost exports of Russian high-technology products and services and promote cooperation ties between participants in international space activity.
State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ is a key instrument for pursuing government economic policy. Vnesheconombank’s activity is aimed overcoming economic growth infrastructure restrictions, increasing natural resources utilization efficiency, developing high-technology industries, implementing projects in special economic zones, environmental protection projects, supporting small and medium-sized enterprises, providing support for agricultural and industrial exports and services, among other things, in order to diversify national exports. Aircraft construction and rocket-space complex are key priorities of Vnesheconombank’s investment activity.
The Federal Space Agency is an authorized federal executive agency. The functions of the Agency include pursuance of the state policy and legal regulation, providing state services and administration of the state space assets, as well as management of the international cooperation in joint space projects and programs, the activities of rocket and space industry entities relating to military space technologies, strategic missiles. The Federal Space Agency is also responsible for overall coordination of the activities at the Baikonur space port.
Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93 Fax; +7 (499) 975-21-34
Vnesheconombank and the Russian Technological Development Fund Agree to Support Innovative SMEs
In the course of the Second Annual Forum “Small and Medium-Sized Enterprises – Contribution to the New Economy” State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Russian Technological Development Fund entered into a Memorandum of Strategic Partnership and Cooperation.
On behalf of Vnesheconombank the Memorandum was signed by Board Member – Vnesheconombank Deputy Chairman Mikhail Kopeikin and on behalf of the Russian Technological Development Fund – by its Director Mikhail Rogachev.
The parties agreed to develop instruments of financial and non-financial support for SMEs that are implementing innovation, modernization and energy efficiency projects including at research and developmet stages, and ensure continuous funding of SME innovation projects among other things under the Agreement on Cooperation between Development Institutions in Ensuring Continuous Funding of Innovation Projects, participate in operating technological platforms as well as provide expert, consulting and engineering support for projects aimed at developing and introducing innovations.
Strategic partnership and long-term cooperation between the parties aim to support and participate in pursuing the government policy of the Russia’s economy scientific and technological development, help to formulate a balanced and sustainable national system of financial support for projects and programs in top-priority scientific and technological sectors.
The Russian Technological Development Fund was set up to assist in pursuing government policy in research-technological and innovation activity. The Fund provides financial and consulting assistance in implementing research and technological projects and experimental developments including within international research and technological cooperation. The Fund is responsible for coordinating the most important and integration projects with the participation of medium and big private businesses, professional groups of developers and small innovation enterprises as part of technological platforms. The Fund is responsible for conducting research-technological, legal, financial-economic examination of research and technological projects and experimental developments and it also funds promising R & D on the basis of loans. The Fund is cooperating with educational institutions providing support for their participation in implementing research and technological projects as well as their efforts to improve curricula.
Press office of Vnesheconombank
Phone; +7 (499) 608 46-93, Fax: +7(499) 975-21-34
Vnesheconombank to Consult the Government of the Astrakhan Region on Forming a Project to Build Kindergartens on the Region’s Territory
State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Government of the Astrakhan region entered into a state contract on providing investment consulting services for state needs of the Russian constituent entity.
On behalf of Vnesheconombank the contract was signed by Board Member– Vnesheconombank Deputy Chairman Anatoly Ballo and on behalf of the Astrakhan region’s Economic Development Ministry – by Deputy Prime Minister - Economic Development Minister Askar Kabikeev.
Under the state contract Vnesheconombank is to provide investment consulting services on forming a Project “Construction of Kindergartens on the Astrakhan Region’s Territory on the Conditions of Public Private Partnership”.
Under the contract Vnesheconombank is to formulate a concept of this Project, take necessary measures to implement it and prepare documents needed to identify an investor by way of holding tenders and raise non-budgetary financing.
The Project’s implementation would make it possible to increase the number of places in pre-school educational institutions by 6.5 thousand by 2023, increase the proportion of children aged from 1 to 7 out of the total amount of children in need of pre-school education from 70.4% to 77.9%, reduce the number of children being on the waiting list for enrolling in pre-school educational institutions from 17 thousand to 12.2 thousand, create about 644 new jobs, to ensure the region’s budget savings of 302.88 million rubles and increase tax revenues in the Astrakhan region’s budget by 1, 479 million rubles.
Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93,
Fax: +7 (499) 975-21-34