[caption id="attachment_28190" align="alignnone" width="3000"] Michel Dotta, President of the Monaco Economic Board; Igor Yurgens, Monaco Consul in Moscow and Vice-President of RSPP; HE Mireille Petiti, Ambassador of Monaco to Russia; Evgeny Potapov, member of Business Russia and Bruno Dumetrescu, Managing Director of Bank Julius Baer.[/caption]
In the spotlight at a Monaco Economic Board conference held with the support of Bank Julius Baer, Russia sparked the enthusiasm of nearly 100 Monegasque economic players who were curious about the potential of developing business in the country. The event took place in the presence of HE Mireille Pettiti, Ambassador of Monaco to Russia at the Metropole Hotel.
Igor Yurgens, Monaco’s Consul in Moscow and Vice-President of the Russian Union of Industrialists and Entrepreneurs (RSPP), gave a comprehensive overview of the economic environment in Russia. He was followed by Evgeny Potapov, who presented Business Russia, an organisation of which he is a member and which aims to promote the development of a business-friendly environment.
According to Igor Yurgens Russia is at a decisive stage in its economic development. A modest recovery has been taking place since the end of 2016 due to the positive influence of the rise in oil prices on confidence and domestic demand.
But the real challenge today is to develop Russia's growth rate. In this context, an increase in productivity and structural reforms are needed. Russia must continue to improve the business and investment climate and promote competition, he said. The medium and long-term prospects aroused interest and many questions from attendees, including professionals in finance, international trade, real estate and the environment.
In her opening speech Mireille Pettiti recalled the development of exchanges between Monaco and Russia and, in particular, the initiative carried out by the Monaco Embassy since its inception in 2015.
In addition, Michel Dotta, MEB President, pointed out in his speech that "Russia is the country with which the MEB has organised the most initiatives since 2013, the year Prince Albert made his first official visit”.
Mr Dotta also recalled the signing of cooperation agreements in 2015 between the MEB and Russian counterparts RSPP, Business Russia and CCI of Russia, three major economic organisations, concluding that “Monaco now has all the necessary contacts on site to develop long-term economic exchanges with Russia.”
A Monegasque delegation took part in an exchange of views on co-operation between the Council of Europe and the United Nations (UN) in the field of human rights, held in Strasbourg on Thursday, February 15.
Held every year within the framework of the Committee of Ministers of the Council of Europe, the meeting aims to enable various experts to discuss ways to improve strategic collaboration and synergies between the Strasbourg Organisation and UN bodies on the many topics of common interest.
A discussion on the protection of migrant children gave the Principality the opportunity to highlight its international commitment, both political and financial, to the rights of the child, particularly in the context of the migration crisis.
The Committee of Ministers is the statutory decision-making body of the Council of Europe, composed of the Ministers of Foreign Affairs of the Member States. The latter meet once a year at ministerial level and their Delegates (Permanent Representatives to the Council of Europe) sit once a week.
[caption id="attachment_28347" align="alignnone" width="984"] Etienne Franzi, President of CMB; HE Mireille Pettiti, President of MIE; Gilles Tonelli, Minister of Foreign Affairs; and Albert Croesi, Managing Director of MIE. Photo: Manuel Vitali/DC[/caption]
Albert Croesi, Managing Director of Monaco Inter Expo (MIE), and Etienne Franzi, President of Compagnie Monégasque de Banque (CMB), signed a working partnership agreement on Thursday, February 15, in the presence of Gilles Tonelli, Minister of Foreign Affairs and Cooperation, and HE Mireille Pettiti, President of MIE.
Convinced by the positive experience of the first partnership between MIE and CMB during the Astana EXPO-2017 Specialised Exhibition, the Monegasque bank wished to become more involved with the State Corporation to promote the influence of the Principality locally and beyond its borders.
"MIE is not only honoured by the confidence of the CMB, which becomes its official partner, but also proud to be associated with the image of excellence of this bank," said Mr Croesi.
MIE's mission is to promote the image of Monaco abroad and to organise events in the Principality, the first of which, entitled "Meeting of the Historic Grimaldi Sites of Monaco", will take place on June 23 and 24, 2018.