Global Russia Business Meeting6-7 April 2014, Valencia, Spain

a Horasis-leadership event

Co-host:City of Valencia

Report

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Horasis is a global visions community committed to enact visions for a sustainable future (http:/www.horasis.org)

Upcoming Horasis events:

Global India Business Meeting Liverpool, United Kingdom, 22-23 June 2014

Global China Business Meeting Lake Como, Italy, 13-14 October 2014

Global Russia Business Meeting6-7 April 2014, Valencia, Spaina Horasis-leadership event

Co-host:City of Valencia

Co-organizers:

AMEC

Association of Orthodox Business Leaders

Association of European Businesses in Russia

Center for Entrepreneurship, Russia

CIERVAL: Confederation of Employers and Industries of the Autonomous Region of Valencia

Delovaya Rossiya

International Young Entrepreneurs Club

Pacific Basin Economic Council (PBEC).

Russian-American Chamber of Commerce

Co-chairs:Bo Inge Andersson President, AvtoVAZ, Russia

Christodoulos Angastiniotis Chairman, Invest Cyprus, Cyprus

Viktor A. Belogub Chairman, webinar.ru, Russia

Sergey Demin Chairman, Synergy Technologies, Russia

José Vicente González President, CIERVAL, Spain

Yoanna Gouchtchina Founder and Chief Executive Officer, ZeeRabbit Inc, Russia

Dmitri A. Gromov Chief Executive Officer, RTS Telecom, Russia

Peter Loukianoff Chairman, Third Rome Black River Ventures, USA

Alexey Matlakov Founder and Chief Executive Officer, Leto, Russia

Vachara Phanchet Chairman, Sittipol Holdings, Thailand

Alena Popova Co-founder, Startup Women, Russia

Alfonso Vegara President, Fundacion Metropoli, Spain

Tan Sri Dato’ Michael Yeoh Chief Executive Officer, Asian Strategy & Leadership Institute, Malaysia

Yury Voicehovsky Chief Executive Officer, National Investment Agency ‘Invest in Russia’, Russia

Strategic Partners: Baker & McKenzie

The European House – Ambrosetti

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Valencia Conference Center

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Hotel Las Arenas, venue of the opening dinner

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Table of Contents

Foreword 6

Celebrating the 2014 Russian Business Leaders of the Year 14

From Printed Houses to Wooden Skyscrapers 16

Victor Zoubarev, Deputy of the Russian State Duma, keynoting the Gobal Russia Business Meeting

Alexander Parkhomenko, Chairman, Euromesh Holding, Russia,welcoming participants on behalf of Delovaya Rossiya

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Foreword

The fifth Horasis Global Russia Busi nessMeeting which took place from 6-7April2014 in Valencia, Spain, was both oppor -tune and relevant to exchange views andideas on the way ahead for Russia and theworld. Previous meetings were held inLjubljana, Slovenia (2010), Limassol (2011),Luxembourg (2012) and Limassol (2013)– however this meeting was overshadowedby the difficult ongoing tensions betweenRussia and the Ukraine and by the divergentviews expressed by other governments.Frictions between Moscow and the Westhave surged in recent days as pro-Moscowforces took over the Crimea, which thenheld a referendum on becoming part ofRussia. Despite those tensions, partici pantsof the Global Russia Business Meetingfocused on how dialogue can solve thecomplex underpinnings linked to thislingering conflict.

A large number of CEOs from Russia cametogether with leaders from around theglobe to discuss Russia’s and the world’scurrent economic and political state. TheGlobal Russia Business Meeting provided avaluable and timely opportunity for leadersfrom government, business and academiato meet and discuss Russia’s important roleas a driving force of the world economy.

We would like to share with you this re portwhich encapsulates the key topics andideas discussed as more than 300 partici -pants from 30 countries attended theGlobal Russia Business Meeting. This reportreflects the longstanding commitment ofHorasis to assist leaders in anticipating –and preparing for – an increasingly chal len - ging future strategic environment.

The meeting was led by the followingmee ting co-chairs: Bo Inge Andersson,President, AvtoVAZ, Russia; ChristodoulosAngastiniotis, Chairman, Invest Cyprus,Cyprus; Viktor A. Belogub, Chairman,webinar.ru, Russia; Sergey Demin, Chair -man, Synergy Technologies, Russia; JoséVicente González, President, CIERVAL,

Rita Barbera� , Mayor of Valencia, Spain – the patron of the 2014 Global Russia Business Meeting

Spain; Yoanna Gouchtchina, Founderand Chief Executive Officer, ZeeRabbit Inc,Russia; Dmitri A. Gromov, Chief Exe -cu tive Officer, RTS Telecom, Russia; PeterLoukianoff, Chairman, Third Rome BlackRiver Ventures, USA; Alexey Matlakov,Founder and Chief Executive Officer, Leto,Russia; Vachara Phanchet, Chairman,Sittipol Holdings, Thailand; Alena Popova,Co-founder, Startup Women, Russia;Alfonso Vegara, Presi dent, FundacionMetropoli, Spain; Tan Sri Dato' MichaelYeoh, Chief Executive Officer, AsianStrategy & Leadership Insti tu te, Malaysia;Yury Voicehovsky, Chief ExecutiveOfficer, National Investment Agency‘Invest in Russia’, Russia.

Horasis devoted this fifth edition of theGlobal Russia Business Meeting to discus -sing Russia’s choices to bolster its compe -ti tive position in the world economy.Participants examined the Russian economyin terms of growth strategies, innovation,technology, natural resources, entre pre -neur ship, social responsibility andstrategies for economic cooperation. AsRita Barberá, Mayor of Valencia, Spainput it during her welcoming words ‘I ampleased to welcome to the Global RussiaBusiness Meeting many companies andindividuals who have unveiled – despite theongoing geopolitical tensions – the basicsof a sustainable cooperation between Russiaand the world and are willing to share thisunderstanding with those who are just em -bar king on this journey.’

Yuri Korchagin, Ambassador of the Russian Federation to Spain

Virtual ribbon cutting ceremony

Alberto Fabra, President of the Valencia Generalitat, Spain,addressing the audience

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Antonio Ambrosetti, Senior Partner, The European House –Ambrosetti, Italy, moderating the finance panel

Yury Voicehovsky, Chief Executive Officer, National InvestmentAgency ‘Invest in Russia’

As Russian and world leaders flew intoValencia for this Horasis event, the situa tionin the Ukraine was still instable. Despitethis situation, participants of the GlobalRussia Business Meeting reasoned thatdialogue shall be used to full-effect to findsolutions.

Russia can look back to a successful hostingof the XXII Winter Olympic Games inSotchi. The Olympics were a commercialsuccess as well. With the most expensiveWinter Games ever, Russia’s economyreceived further growth stimulus. TheOlympics are expected to boost wintertourism within Russia. Many of theOlympic venues will be reused for the2018 Fifa World Cup.

From the Opening Reception to theClosing Dinner, participants in Valenciaexpressed their commitment to increasedglobal dialogue, symbolized through thepeoples connecting spirit of the Olympics.They reached consensus that

Opening Plenary – Russia’s Changing Economic Outlook

Iurii Seniuk, Chief ExecutiveOfficer, Global Strategy Centre,Ukraine

Jose� Carlos Garci�a de Quevedo,Director General, Invest in Spain

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• despite the woes of the Russian-Ukrainianconflict, Russia’s economy is relativelyrobust. However, the economy is notimmune to geopolitical shocks. The on -going conflict with the European Unionand the U.S. over the Crimea will impactthe Russian economy.

• policy makers will need to take furthersteps to reduce the country’s depen -dence on revenue from oil and gas. Thediversifying of the Russian economy shalllead to the emergence of knowledge-based industry clusters.

• Russia needs to strengthen its invest mentclimate. With the WTO-entry, Russia isgoing to welcome more Foreign DirectInvestment as well as trade.

At the Valencia Conference Center Jose� Vicente Gonza� lez, President, CIERVAL, Spain, speaking during the welcome dinner

Bo Inge Andersson, President, AvtoVAZ, Russia, one of the meeting co-chairs

Galina Melnikova, Executive Director, Horizon, Russia and Umberto Mazzei, Director, Institut des RelationsE� conomiques Internationales Sismondi, Switzerland

Participants listening to the welcome speeches

Viktor A. Belogub, Chairman, webinar.ru, Russia,making a point during a panel

Stacy Kenworthy, Chief ExecutiveOfficer, OptiGlobal, USA

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The Global Russia Business Meeting wasorganized around what we believe to bethe major drivers of growth and forces thatwill shape the new order: they will impactboth the financial economy and the realeconomy in Russia and the world at large.Participants had a rare opportunity toexplore Russia’s development from avariety of points of view. An intensiveschedule of plenaries and boardroomdialogue sessions was devoted to a varietyof relevant themes, including Russia’saccession to the WTO, the country’sgeopolitical agenda, and strategies forsustainable economic growth. Also on theagenda were sessions on selected industrysectors, including financial services and

natural resources, as well as more concep -tual themes like the role of entrepreneur -ship, diversification of the economy, andstrategies to boost Russia’s technologysector.

At the Opening Dinner, Victor Zoubarev,Deputy of the Russian State Duma, notedthat ‘the economic and political relation -ship between Russia and Spain hasextensive synergies and large potential.Russia will continue to be an importanttrading partner for the Spanish economy’.He also emphasized that the Russiangovernment is thriving to create favorableconditions for doing business, aimed atincreasing innovation and the effectiveness

Panel ‘Spearheading or Aligning Capitalism’

Vachara Phanchet, Chairman, Sittipol Holdings, Thailand,speaking on the opening plenary

Alfonso Grau, Vice Mayor, City of Valencia, welcoming participants

Mikhail Treyvish, President,OmniGrade Rating MonitoringAgency, Russia

Natalia Kardash, Editor-in-chief,Vestnik Kipra, Cyprus, moderatinga panel

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of state governance. AlexanderParkhomenko, Chairman, EuromeshHolding, welcomed participants on behalfof Delovaya Rossiya, the Russian entre -preneur federation: ‘I am glad to see alarge number of Russian business leadersattending this Global Russia BusinessMeeting,’ he said.

Alberto Fabra, President of the ValenciaGeneralitat, Spain, said, ‘I see signs ofsustained economic growth as Valencia andSpain will benefit from the continueddrive generated by Russia’s expanding.’Looking ahead Valencia sees a broad fieldof potential, both in doing business withRussia; and Spain sees a regional hub for

Evgeniya Shamis, Founder and Chief Executive Officer, Sherpa S Pro, Russia

Panel ‘Spurring the Economics of Innovation’

Stephen Vasconcellos-Sharpe, Publisher, Country Strategic, UK,moderating the panel on Regional Divergence

Mark Minevich, President, Going Global Ventures, USA, making a point on Russian firms investing overseas

Ivan Sempere, Founder, Padima, Spain

Stefan Benedetti, PortfolioManager, Pioneer InvestmentManagement, United Kingdom

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Yoanna Gouchtchina, Founder and Chief Executive Officer,ZeeRabbit Inc, Russia

Russia and its partners in globalizing theiroperations. ‘The Global Russia BusinessMeeting is an important step in makingfull use of this potential,’ he concluded.Yuri Korchagin, Ambassador of theRussian Federation to Spain, added that‘economic and commercial relationsbetween Russia and Spain have beengrowing steadily.

Horasis – together with our strategicpartner Baker & McKenzie – in announcingthe 2014 Russian Business Leaders of theYear celebrated two outstanding entre pre -neurs who have been building and leadingsuccessful Russian firms: Bo IngeAndersson, President, AvtoVAZ and

Dmitri A. Gromov, Chief ExecutiveOfficer, RTS Telecom. We recognize andhonor those business leaders as they haveexcelled in entrepreneurship, innovationand leadership. These chosen leaders havedecisively impacted the economic develop -ment and global integration of Russia.

We at Horasis are very pleased with theresults of the 2014 Global Russia BusinessMeeting and the feedback from partici pantsin the event. For five years this internationalevent has attracted delegates from Russiaand countries all over the world.

On behalf of Horasis, I would like topersonally thank Rita Barberá, Mayor of

Alexander I. Ageev, Director General, Institute for EconomicStrategies, Russia, speaking during the closing dinner

Alfonso Vegara, President, Fundacion Metropoli,Spain

Christodoulos Angastiniotis, Chairman, Invest Cyprus

Alexey Matlakov, CEO, Leto, in discussion with Dmitri A. Gromov,CEO, RTS Telecom

Roxanne Zigon, Fellow, GSD Geneva School of Diplomacy,Switzerland, moderating the panel on Myths about Russia

Galina Melnikova, ExecutiveDirector, Horizon, Russia

Lou Marinoff, Professor ofPhilosophy, The City College of New York, USA, moderating the panel on innovation

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Valencia who generously agreed to act aspatron of the 2014 Global Russia BusinessMeeting. My thanks go also to the co-chairs,co-organizers, partners from the privatesector, and all participants. This GlobalRussia Business Meeting was a uniqueexperience which would not have beenpossible without the dedication andenthusiasm of all our partners, membersand participants.

It is our hope that the meeting will continueto serve as an important platform forstimulating thought and creative solutions.Horasis looks forward to welcoming youback to next year’s edition of the GlobalRussia Business Meeting.

Also, Horasis takes great pleasure to inviteyou to take part in our other upcomingmeetings, namely the Global India BusinessMeeting, the Global China Business Meetingand the Global Arab Business Meeting.

Dr. Frank-Jürgen RichterChairmanHorasis: The Global Visions Community

Closing Plenary – Building Trust

Dmitri A. Gromov, Chief Executive Officer, RTS Telecom, Russia Participants share a light moment

Tan Sri Dato' Michael Yeoh, Chief Executive Officer, ASLI,Malaysia

Edgar Bullecer, Co-Founder andChief Executive, Paglas Group,Philippines

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By Igor Makarov, Partner, Baker & McKenzie, Russia

We distinguish and honor two executives asRussian Business Leaders of the Year whohave demonstrated leadership and businessacumen in an exceptional manner. This yearthe awards go to Bo Inge Andersson,Chief Executive Officer, AvtoVaz, andDmitri Gromov, Chief Executive Officer,RTS Telecom.

Bo Inge Andersson is the CEO ofAvtoVAZ, the largest automotive manufac -turer in Russia. AvtoVAZ is a part of theRenault-Nissan-AvtoVAZ alliance, and setitself very ambitious international anddomestic goals. The objective of AvtoVAZis to become the best automotive manu fac -turer in Russia and be one of the top fivemanufacturers in the Renault-Nissan group.AvtoVAZ continues its investment programaimed at increasing its production capacityto over 1 million cars annually. AvtoVAZsets out to capture over 40 percent of theRussian market. Mr. Andersson, formerlywith the GAZ group and now withAvtoVAZ, is recognised for his remarkablepersonal contribution to the developmentof Russia’s automotive industry.

Dmitri Gromov has played a visible andactive role in the Russian telecom sectorsince 1987. His successful career milestonesinclude MTU Intel and SONET MobileNetwork (now Skylink). Mr. Gromovlaunched several successful projects inother industries, such as sport media andmarketing, where the sponsorship contractbetween Kaspersky Lab and Ferrari isanother distinguished success. RTS Telecomis a leading and fast growing Russiantelecom provider and system integrator.

The two award winners, selected by a juryled by Horasis and Baker & McKenzie, havebeen recognized for embodying the corevalues of successful leaders, i.e. innovation,entrepreneurial spirit, and their ability tocarve out successful business. They trulydeserve to be honored as Business Leadersof the Year.

Celebrating the 2014 RussianBusiness Leaders of the year

Bo Inge Andersson, President, AvtoVAZ, receiving his award Award winner Dmitri A. Gromov, Chief Executive Officer, RTS Telecom

Guillermo Guerra, Partner, Baker & McKenzie, Spain,moderating a panel

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Connecting Globally – Russian Firms Investing Overseas

Meeting co-chair Sergey Demin, Chairman, Synergy Technologies, Russia

Renata Akhunova, Partner, FormulaVC Venture Fund, USA

Jochum Haakma, Director, TMF Group, The Netherlands Michael Gurevich, Co-founder, International Young Enterpreneurs’Club, USA, on Russia’s youth

Alex Geller, Member of the Board,American Chamber of Commercein Russia, USA

Maja Bacovic, Professor,University of Montenegro,Montenegro

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From PrintedHouses toWoodenSkyscrapers

By Frank-Jürgen RichterThe St. Petersburg Times, March 20, 2014

Science parks around the world have beenhailed as a way of enhancing their nations’GDP. This may well be true in the long term,but novel science does not translate quicklyinto GDP and a general sense of “well-being”until years of trials have occurred. Scienceparks such as Skolkovo are one of the maindrivers behind the Russian strategy through2020, with technology and innovationfostering a growth in productivity. Yet withthe route from pure science to innovationfraught with pitfalls, renovating existinghousing stock may be a more homely way toelevate the lives of ordinary people. Andthis activity, which would be perceived asthe government wishing to help all of itscitizens, might do much more to raise thespirits of the innovators themselves thanhigh-tech enclaves that seem far fromordinary life.

Modernizing the housing stock of Europeannations is important on two counts.Shoddily built after each of the world warsto poor building standards that do not permiteasy upgrading to modern eco-standards,scientists have shown that Europe’s legacybuildings produce directly, or indirectly,40 percent of global CO2.

Governments have an intensely costly puzzleto deal with – and Russia is no exceptionin this respect. Working with the EuropeanBank for Reconstruction and Develop ment,the Russian Institute for Urban Economicsreported in 2011 on the status of urbanhousing renewal, the potential opportuni -ties and costs. Essentially, Russian buildingstock is old and urgently needs to be

Jose Maria Mun�oz, Senior Partner, MCH Private Equity, Spain

Bogdan Vacusta, Managing Director, Elco Management, United Kingdom

Session moderator Hamira Riaz, President, H Riaz Consults,United Kingdom

Alex Sozonoff, Chairman, Global Beach Group, United Kingdom,making a point on entrepreneurship in the Russian context

Andreas Foerster, Vice-President,Airbus, Spain

Session chair Javier Lo�pez Mora,Secretary General, CIERVAL, Spain

repaired or rebuilt. The authors also notedthat Federal laws mandate high levels ofenergy efficiency but realities suggest threeseparate renovation routes: Basic, realisticand energy efficient, with the latter costingup to 4,000 rubles ($109) per square meterwhile offering savings of up to 28 percenton heating costs. In total, the governmentfaces a bill of some 2.5 billion rubles($68.24 million) to eliminate dilapidationand improve energy efficiency throughoutthe housing stock.

One potential solution is to print thehouses. Not printing as in banknotes, butby extending this technique via the newtechnology called additive manufacturing.3D printing has become established across

many manufacturing sectors through allhigh-tech industries and to aerospace withits exacting requirements for strength andlow weight in ever-larger single structures.

This increase of scale stimulated researchersat the University of Southern California toconsider spraying thin films of concrete tobuild walls. Essentially they are doing littlemore than replacing traditional manualmethods with robot-guided sprays. The thinfilms dry quickly without hidden, structure-weakening cavities and the surface finish isgood. As in all 3D printing, the robots canspray complex shapes, with openings fordoors, windows and pipework. Thermalinsulation can be sprayed at the same time.All in all, this process is very fast and yields

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Claude Begle�, Chairman, Symbioswiss, Switzerland, chairing a panel

Vasiliy Mogilniy, Chief Executive Officer, Krolikov Plus, Ukraine

Andrey Serebryakov, Founding Partner, Effective Capital Group, Russia

Jan Siemons, Managing Director, Netherlands Council for Trade Promotion, The Netherlands

Peter Loukianoff, Chairman, Third Rome Black River Ventures, USA

Elena Parvenova, ManagingDirector, EPB, Czech Republic

Rene� Seifert, Chairman, Venturate,Germany

a superior product more cheaply than usingcraftsmen. Russian technicians could easilydevelop this system to re-build much ofsuburbia and, having gained experience,could export the methodology.

Looking to the East, one finds that India andChina face different problems to those ofRussia. They too need to renovate old andinadequate urban housing. A high percentageof Indian houses do not have access tosanitation, for example, but they face massrural migration to cities as they changefrom an agrarian to technological mode.That was the situation in Europe throughthe 1930s to 1950s, which caused analmost uncontrolled urban building boom.In India and in China, some 400 millionpeople now demand new houses in cities

through the next few decades. This posesthe problem of how to design very largeeco-cities. On this point Russia can nurture anew world-class industrial sector – buildinghigh-tech, high-rise buildings in its cities,or more precisely, in new dormitory cities.

Russia needs bedroom communities sinceexisting cities cannot easily be renovated tomeet carbon-neutrality: Their infrastruc tu resneed to be replaced by a system of inte gra -ted local services of all types, includingschools, medical centers, corner shops, mallsand green spaces all connected by routesthat link urban mass transit to intercitysystems and work places. The dwellingsought to offer a larger floor space thanpresently available with a mix of single aswell as family homes built to the new

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Stefan Winzenried, Chief Executive Officer, JANZZ, Switzerland Platon Monokrousos, Chief Economist, Eurobank Group, Greece Victoria Fayfman, Partner,Friedman, USA

Alexis Grabar, CEO,AviaMediaTech, UK

Jason L. Ma, Founder, CEO & Chief Mentor, ThreeEQ, USA Iurii Susliak, President, Righteous Genesis,Ukraine

Kate Korolkevich, Partner, Galatea Capital, USA

standards of carbon-neutral HVAC(heating, ventilation and air conditioning)minimizing energy demands. Then oldhousing can be pulled down with historicbuildings retained and other structuresrecycled allowing for modern eco-infill.

Developing high-tech wooden buildings isan appealing idea which could also stimulatea global market. Russia has abundant forestswhich can be harvested and eco-managed.The timber could be used for “glu-lam”technology to create strong, tall buildingswith a low embodied energy. The wood,glued and laminated to form structuralitems, usually has greater strength than steelas well as being fire resistant. While suchnew buildings are being offered globally –up to 9 floors in the UK, and even 33 floors

are being proposed in Vancouver, Canada –Russia has planning restrictions on woodenbuildings of more than four floors. It is timeto move forward.

Tall wooden buildings look good and will begreat to live in. Thus urban Russians livingpresently like other city dwellers worldwidein old buildings could have their “happinessquotient” boosted. The new cities would bedesirable and generate a sense of “being,”and they would demand much less energythan is the present case.

Frank-Jürgen Richter is founder and chairman of Horasis,

a global visions community committed to enacting visions

for a sustainable future.

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Ninel Seniuk, Lecturer, MGIMO University, RussiaAlexander Vaisblat, Partner, Saya Ventures, Russia Michel Verlaine, Associate Professor of Finance, ICN Business School, France

Anton Moskalenkov, Head of Office for International cooperation,Agency for Strategic Initiatives, Russia

Sheila Newton Moses, President, Invest Caribbean Now, USA

Valentin Romanov, ExecutiveDirector, SUN Group, Russia

Yusuke Otsubo, ManagingPartner, UMJ Russia Fund, Japan

Avraham Berkowitz, Director, Chabad Headquarters, USA Leonid Koshelev, President, Jet-2000, Russia

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Alf Erik Lundgrenn, Chairman,Nordic Invest SIA, Latvia

Maria Paphiti, ManagingPartner, La Parole Devine, Cyprus

Kaspars Kaulins, Director, Lattelecom, Latvia Mark Austin, Venture Partner, Bright Capital, USA Alexander Zhukov, Co-Founder and ExecutiveDirector, Whiteshield Group, United Kingdom

discusson on Spain as new hub for Russian investment

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Eric Hanson, Vice President, Center for Entrepreneurship, Russia,moderating the entrepreneurship-panel

John B. Kidd, Research Fellow, Aston Business School, UK andEdgar Bullecer, Chief Executive, Paglas Group, Philippines

Andrew Constanti, Chairman,Constanti Real Estate, UnitedKingdom

Margarita Pikalo, Co-founder andPartner, Satellis, Russia

Alexander Drougov, Chief Executive Officer, Damask, RussiaMarcos Pinotti, Associate Professor, FederalUniversity of Minas Gerais, Brazil

Daniel Einha�user, Guest Lecturer, Saint-PetersburgUniversity of Finance and Economy, Russia

Iurii Pidnebesnyi, Director, International Fund of Spiritual Diplomacy, Ukraine

Kirill Slavin, Managing Director UK, Kaspersky Lab, United Kingdom

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Roberto Mugavero, Professor, University Of Rome Tor Vergata, Italy

Irina Veselova, President, Planet Capital,Russia

Boris Stepanov, Sloan Fellow, London Business School, Russia

Michael McLaughlin, Director, APPTechnologies, USA

Rouben Indjikian, Adjunct Professor,Webster University, Switzerland

Lloyd Thomas, Founder, TriangleGrowth,United Kingdom

Pedro Manarguez, Chief Executive Officer,Marsol International, Spain

Pavel Andreev, Executive Director, ValdaiDiscussion Club, Russia

Connecting Globally – Russian Firms Investing Overseas Joachim Reidiess, Chairman, Dr. Wirth Group, Germany

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Patrick Fullick, Founder & Director,Hylle Royce, United Kingdom

Vitaly Ponomarev, Founder and ChiefExecutive Officer, WayRay, Russia

Chayan H. Shah, President, Premier’s Tea Limited, India

Ekaterina Almasque, Co-founder,SVAROS Ventures, United Kingdom

Mohan Chainani, Chairman, Chaincorp Worldwide, Spain

L J Tomas Berenguer, Chairman, Li Madou Asia Pacific, Hong Kong

Neil Vereschagin, Chief Financial Officer,Game Insight, Russia

Stiphan Beher, Chief Operating Officer,Orbital Technologies, Russia

Panel ‘Reading and Deciphering Myths about Russia’Egor Iakovlev, Chief Executive Officer,Tvigle Media, Russia

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Philippe Gugler, Professor, University of Fribourg, Switzerland

Peter Armand, Partner, SkyInvestSecurities, Russia

David Mor, Director General, Ifedes, Spain

Zdzislaw Sokal, Member of the Board (ret),National Bank of Poland

Vadim Osipov, Chief Executive Officer,Slotex, Russia

Roger King, Member of the Board, OrientOverseas International, Hong Kong SAR

Alexey Sysoev, Chief Executive Officer,AV Group, Ukraine

Benjamin Lambert, Chief ExecutiveOfficer, Coupla, United Kingdom

Panel ‘Co-developing Energy Markets’

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Alan D�Silva, Vice President, Chamber ofCommerce & Tourism of India in Spain

Thanos Mitrelias, CEO, CavendishNanoTherapeutics, United Kingdom

Egor Iakovlev, Chief Executive Officer,Tvigle Media, Russia

Joachim Reidiess, Chairman, Dr. Wirth Group, Germany

Olga Seryakova, Chief Executive Officer,SumUp Russia, Russia

Mark Zelman, Managing Director,Chartwell Telecom, United Kingdom

Discussions continue during the closing dinner

Hans Bruning, Executive Director,Netherlands Institute for MultipartyDemocracy

Peter Faistauer, Director, FundStreet,Switzerland

John B. Kidd, Research Fellow, Aston Business School, United Kingdom

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Coffee break

The City of Valencia showcasting investment opportunities

The award winners Preparing the next panel

registering participants

Discussion on the sidelines of the Global Russia Business Meeting

Simultaneous interpretation

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