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Medvedev to chair session of Consultative Council on Foreign Investments

October 21, 2013, 3:13 UTC+3

The latest session of the CCFI was held exactly one year ago

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MOSCOW, October 21 (Itar-Tass) - Prime Minister Dmitry Medvedev will chair the 27th session of the Consultative Council on Foreign Investments (CCFI) on Monday. A government press service officia said those present will discuss matters concerning technica regulation, the removal of administrative barriers, as well as ways to refine customs legislation for investors.

Participants in the session "will also consider matters aimed at developing the banking sector and financial markets of Russia, trade, the consumer sector, and innovative development", the press service official pointed out.

First Vice-Premier Igor Shuvalov, Vice-Premier Arkady Dvorkovich, Minister of Economic Development Alexei Ulyukayev, Minister of Energy Alexander Novak, Finance Minister Anton Siluanov, Health Minister Veronika Skvortsova, Transport Minister Maxim Sokolov, Labour and Social Protection Minister Maxim Topilin, Agriculture Minister Nikolai Fyodorov, Alexander Galushka, Minister for the Development of the Far East, Kirill Dmitriyev, General Director of the Russian Direct Investments Foundation, officials of relevant ministries and agencies, executives of foreign companies, and representatives of organizations will take par in the session.

CCFI was founded in Russia in 1994. Its main purposes are to contribute to attracting foreign investments to the economy of Russia, and improve the investment climate for foreign companies.

The latest session of the CCFI was held exactly one year ago. At that time, the Prime Minister said the amount of work to improve the investment climate was still very large. Addressing businessmen, he promised to work out about 20 roadmaps on issues that were sensitive to businesses. Medvedev called on participants in the meeting to participate in that work and make it part of CCFI activities.

As of now, ten roadmaps are in effect within the framework of the National Business Initiative to improve the investment climate in Russia. Another ten roadmaps deal with the development of industry, technologies, education and health care.

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