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SPIEF budget to grow by $4.6 mln in 2016 — official

May 17, 2016, 15:10 UTC+3 MOSCOW
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MOSCOW, May 17. /TASS/. The budget of the St. Petersburg International Economic Fund (SPIEF) will be increased by 300 mln rubles ($4.6 mln) in 2016 as compared to the last year, Vice Premier and Chairman of SPIEF Steering Committee Sergey Prikhodko said on Tuesday

"We had to increase the Forum’s budget by 300 mln rubles ($4.6 mln). It will total 1.8 bln rubles ($27.7 mln)," Prikhodko said.

Contributions of Forum partners and sponsors will be up to 55% of the budget. Registration fees will account for 33% of the budget and 2.1% will be financed from the federal budget, the official said.

Revenues from exhibitions within the Forum framework will amount to 6% of SPIEF budget.

The twentieth St. Petersburg International Economic Forum (SPIEF) will be held on June 16-18 on a new site near St. Petersburg. The new economic reality and the search for new growth drivers will be key topics for discussions at the Forum.

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