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  • Moscow Economy Conference Bangkok 2017 - Post Release

    December 14th 2017 marked another important milestone in the history of economic cooperation between the twin cities of Moscow and Bangkok. As part of the Days of Moscow Culture in Bangkok event at the Grand Hyatt Erawan, which took place from December 13th to 15th, an inaugural Moscow Economic Conference was also held, focusing on key aspects of mutually beneficial cooperation between the two cities, both today and in the future. The guests were welcomed by the conference’s chairman Sergey Cheremin, Minister and Director of the Department for External Economic and International Relations of the Moscow City Government, by Deputy Governor of Bangkok Wanwilai Promlakano, and by Kirill Barsky, Russian Federation Ambassador to the Kingdom of Thailand.


    In his opening speech, Sergey Cheremin described Days of Moscow Culture as an historical event, observing that "over the past 20 years the cooperation between Moscow and Bangkok has taken great strides forward, we are surely two of the most competitive megapolises on the world stage, and for us it is crucially important that we share experience, and that we promote bilateral investment, tourism and cultural exchange.”


    Deputy Governor Wanwilai Promlakano spoke about the celebrations for Bangkok’s 125thanniversary, which was being marked on that very day, as well as about the cooperation agreement between Moscow and Bangkok covering the economy, science, healthcare, education, tourism, culture and sport, which had been signed the day before. The Russian Federation’s Ambassador to the Kingdom of Thailand, Kirill Barsky, noted that "Russian-Thai relations have taken on a unique dynamic in recent years. Russians and Thais alike are finding in each other reliable friends and partners with great potential. We have the ideal conditions for nurturing relations, for travel, and for business.” Ambassador Barsky also spoke on the positive trends in Russo-Thai economic relations ("Over the first 10 months of this year, trade between Russia and Thailand has increased by 64%”), as well as outlining near-terms objectives and joint projects.


    The centerpiece of the event was a presentation by Sergey Cheremin entitled "Moscow – city of investment opportunities”. In his presentation, Mr Cheremin outlined the investment potential of the Russian capital: the city’s high international ratings, foreign direct investment volumes, improvements to the city’s transport infrastructure, urban environment, streets and parks, as well as projects along the river Moskva, the development of New Moscow, preparations for the 2018 Football World Cup, PPP projects, renovation of industrial zones, the Moscow International Medical Cluster, renovation work to Moscow’s housing stock, interactive technology for working with residents, and city festivals.


    Viktor Yankovsky, Business Development Director for STENN International, gave a talk on trade financing and the support for Russian exports to Asian markets, while the presentation by the Norwegian Managing Director of A&S Thai Works Co. Ltd, Sverre Golten, enlivened the official course of the event. Mr Golten shared his history of doing business in Thailand, related his experience of working with Russian partners, and attempted to find similarities between the two nationalities. Alexey Tyutin from the Executive Committee of the Thai-Russian Chamber of Commerce, also recounted his success in caviar production and sturgeon farming. Investment Director for Inventis Investment Holding and regular speaker at investment conferences dedicated to Moscow, Kenny Ng, focused his presentation on this occasion on the characteristics of the private investment mechanism. The plenary session was rounded off by the presentation of Tatiana Sheremetieva, General Director of the Russian Asian Business Union, in which she showed a beautiful and vivid film about Russia, as well as outlining the history of trade and investment between Russia and Thailand: "Thailand is Russia’s principal trade partner among the ASEAN countries”, she noted.


    The conference ended with two parallel sessions: a tourism presentation entitled "Welcome to Moscow” and a round table on cooperation in the field of ecological security and environmental protection.


    It is also worth noting that on the eve of the conference, Sergey Cheremin and Wanwilai Promlakano as respective representatives of Moscow and Bangkok signed a programme of business cooperation between the two capitals for the period 2018-2020. The signing ceremony was held in the Lumpini Park, and marked the beginning of the Days of Moscow Culture in Bangkok event. Following the signing, the Minister of the Moscow City Government and the Deputy Governor of Bangkok opened the "Corner of Moscow in Lumpini Park”, with a "Zhar-Ptitsa” sundial as its centerpiece, and the evening was rounded off with a jazz-concert by Igor Butman and his orchestra. Also as part of the Days of Moscow Culture festival, a photo exhibition entitled "The Culture of Moscow” was opened, again with a jazz concert from Igor Butman.





    1. Victor Yankovsky, Business Development Director, STENN International «Opportunities for Trade Finance for Russian Exporters on Asian markets»
    2. Sverre Golten, Managing Director, A&S Thai Works Co., Ltd "Case study: How can Russian and Thai investors find common ground for investments"
    3. Alexey Tyutin, Managing Committee, Thai-Russian Chamber of Commerce, Trade Council of Thailand "Success stories and difficulties of Russian business in Bangkok"
    4. Tatiana Sheremetieva, CEO, Russian-Asian Business Union "Trade and investment cooperation between Russia and Thailand"
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