OTTAWA, November 6 (Itar-Tass) — Participants in a conference organized by in Toronto by the Canada Eurasia Russia Business Association (CERBA) will discuss issues of Russia’s investment attractiveness on Tuesday.
As CERBA regional director in Toronto Yekaterina Balabanova told ITAR-TASS, leaders of Canadian companies, representatives of the Foreign Ministry, non-governmental experts in issues of industry and finances are invited to the conference. “The aim of the conference is to discuss the investment climate in Russia, different aspects of activities of foreign companies there, give concrete examples of successful work of Canadian companies in Russia and exchange views on possibilities of expanding bilateral economic ties,” she said.
“Russia’s joining the World Trade Organization demonstrate those many positive economic and political changes which have occurred in the country, and which, however, is often not reflected in the Canadian press,” Balabanova noted. “Our conference will enable its participants to get information on the present situation in Russia and dynamics of its economic development from leaders of those companies which carry out activities directly in the Russian market. Having such information, Canadian businessmen will be able to work out an effective strategy of establishing and fixing productive relations with Russian partners.”
Vice-President of the gold-mining corporation Kinross Gold, which is engaged in developing deposits in Chukotka, Lu Naumovski, Senior Vice-President of the Toronto Stock Exchange Robert Fotheringham, Vice-President of the company Bombardier Michael Macedo and Professor of the Carleton University Peter Dutkevich will speak at the conference.
“The main issue, which we raise at our conference: ‘Why Russia?’,” CERBA Chairman Nathan Hunt noted. “It is important that at this forum its participants will have an opportunity to draw a clear-cut distinction between myths and reality.”