RUSSIAN ECONOMIC AND FINANCIAL FORUM IN FINLAND

First Session – Helsinki, 13 – 14 November 2006

PROGRAM OF THE FORUM

DAY ONE: Monday, 13 November
08.30-09.00	Registration of delegates
09.00	Morning Plenary Session
	Jussi PAJUNEN	Lord Mayor of Helsinki
	Aleksander RUMIANTSEV	Ambassador of Russia in Finland
	Harry HELENIUS	Ambassador of Finland in Russia
	Yury VASILIEV	Chairman of the Committee of the State Duma on Budget and Taxes
	Liisa JAAKONSAARI	Chairman of the Foreign Affairs Committee, Parliament of Finland
	Arkadi DVORKOVICH	Head of the Expert Department of the President of Russia
11.00-11.20	Coffee break
11.20	Special Session 1
	Finland occupies leading positions among industrialized nations in a number of sectors of industry and agriculture. Many bilateral projects have been successfully fulfilled in these areas, many others are ongoing. What can be done by government authorities to facilitate these projects? Regional development, preservation of existing jobs and creation of new production facilities are common to both countries although each country has its own specific distribution of powers between central and local governments, legislative and executive branches of power, budget financing and taxation as well as regulation of financial and insurance markets and banking systems.
	Oleg VYUGIN	Head of the Federal Financial Markets Service of Russia
	Kaarlo JÄNNÄRI	Director General of the Finnish Financial Supervision Authority
	Mikhail ZADORNOV	President – Chairman of the Board, Vneshtorgbank Retail Services
	Ilya LOMAKIN-RUMYANTSEV	Head of the Federal Service of Insurance Supervision of Russia
	Hely SALOMAA	Director General of the Insurance Supervisory Authority of Finland
13.00-14.30	Lunch sponsored by Alpstream
14.30	Special Session 2
	The influence of the politics on the business development and investment climate in Russia is still a key element. Administrative reform, reform of the electoral system and initiatives of local legislative and governing bodies should reduce the bureaucratic burden, relief entrepreneurs from the heavy state supervision, promote a genuine free market in Russia and reduce the grip of monopolies. What are the basic principles of the state and private sector partnership? What can be done by European authorities to attract new industries and facilitate international cooperation? How the investment climate and the macro-economic situation in general could reduce the flight of capital and attract new foreign investments in the Russian economy?
	Mikhail KOPEYKIN	Deputy Chief of Staff, Government of Russia
	Leif FAGERNÄS	Director General of the Confederation of Finnish Industries
	Alexander ZHELEZNIAK	Chairman of the Board, Probusinessbank
	Carl-Johan GRAVNIK	Executive Vice President, Head of Group Credit and Risk Control, Nordea Bank
	Jцrn HELLWIG	Chief Executive Officer, Blue Wings Aviation Company
	Pauli HHEIKKILÄ	Chief Executive Officer of FINNVERA
16.20-16.40	Coffee break
16.40	Special Session 3
	Banking reform in Russia is under way,deposit insurance and mechanisms to fight against money laundering are in operation, retail banking services continue to grow at a rapid rate and the consolidation of the banking system continues. However affordable credits are rare, short term credits prevail, consumer credits and mortgages are still limited. Which direction should follow the Russian banking system in its development, what role can be played in this market by foreign banks, what should be done by the government, legislative bodies of power and banking community at large to improve the stability of the system and its accessibility for the general public? The history and the present day of the Finnish banking system. Russia-Finland financial cooperation.
	Sinikka SALO	Member of the Board, Bank of Finland
	Pavel MEDVEDEV	First Deputy Chairman of the Committee of the State Duma on Credit Organizations and Financial Markets, Chairman of the Sub-Committee on Banking Legislation
	Mikhail SUKHOV	Director of the Credit Institutions Licensing and Financial Rehabilitation Department, Central Bank of Russia
	Mikael SILVENNOINEN	President of OKO Bank
	Igor BAGINSKIY	Deputy Chairman of the Board, Rosselkhozbank
	Maarit NÄKYVÄ	Executive Vice President, Member of the Board of Directors, Sampo Bank
18.30-20.00	Evening reception sponsored by VTB 24
DAY TWO: Tuesday, 14 November
09.00	Morning Plenary Session
	Jouko SKINNARI	Chairman of the Commerce Committee, Parliament of Finland
	Tatyana GOLENDEEVA	Deputy Head of the Federal Customs Service of Russia
	Markku LAUKKANEN	Chairman of the Transport and Communications Committee, Parliament of Finland
	Andrei SVINARENKO	Deputy Minister of Education and Science of Russia
	Valeri SHLIAMIN	Trade Representative of Russia in Finland
10.40-11.00	Coffee break
11.00	Special Session 4
	Russia-Finland cooperation, including cooperation between border regions, is on the rise. Intensive contacts on the state level as well as vast exchanges between representatives of business communities create a fertile ground for the further development of the bilateral cooperation and investments. More and more Finnish companies are opening their offices and branches in Russia. Russian companies also show their interest in the Finnish market. What changes in legislation and administrative procedures should be introduced to intensify this cooperation? Future economic cooperation and implementation of bilateral projects.
	Anneli TAINA	Governor of the Province of Southern Finland
	Timo KOPONEN	Head of Finland Trade Center FINPRO in St.-Petersburg
	Miron TATSYUN	President of the Russian Union of Forest Industries and Exporters
	Mirja TIRI	Chief Executive Officer, Finnish-Russian Chamber of Commerce
12.30-14.00	Termination of the Forum and lunch sponsored by Vnesheconombank
GENERAL SPONSOR Probusinessbank PRINCIPAL SPONSOR VTB 24 STRATEGIC SPONSOR Bank Okhotny Ryad                                                          SPONSORS Alpstream, Evroinvest, Bank Globex, MDM Bank, Rosselkhozbank, Vnesheconombank, Vneshprombank    PARTNERS All-Russian Union of Insurers, Association of Russian Banks, Business Russia, Manz Privacy Hotels, Finnish-Russian Chamber of Commerce, Finnair, OPORA Rossii, Russian Chamber of Commerce and Industry, Russian Union of Industrialists and Entrepreneurs (Employers) MEDIA-PARTNERS Analytical Banking Journal, Banking in Moscow Monthly Publication, Banking Review, The Banking Journal, Energy Market Magazine, Financial Control – News, Financial Izvestia, Insurance Review, InterCrim-Press, Izvestia, Managing a Company Magazine, National Banking Magazine, Magazine New Horizons, RIA Novosti, The Russian Polis, Securities Market Magazine  LOGISTIC SUPPORT FINAS