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SPIEF Hit With Attendance Drop

Published: May 22, 2014 (Issue # 1811)



  • Despite the recent number of cancellations, the forum will still host over 6,500 participants at the Lenexpo center.
    Photo: for SPT

Despite a number of cancellations, the St. Petersburg International Economic Forum will still host more than 6,500 participants led by an impressive number of high-ranking representatives from some of the worlds leading companies.

Christophe de Margerie, CEO of energy giant Total SA, confirmed last week that he will visit the forum at the annual meeting of the companys shareholders in Paris, saying that he had attended nearly all the past economic forums in St. Petersburg and would not ignore the upcoming one.

Going away from politics is a good method to calm the situation down to some extent, de Margerie said, Russkaya Sluzhba Novostei radio station reported. Olaf G. Koch, CEO of Metro AG Germany, also confirmed his attendance.

The list of other VIPs who have confirmed their attendance includes Jorgen Buhl Rasmussen, President and CEO of Carlsberg Group, Donald James Umpleby III, Group President of Caterpillar Inc., Franck Riboud, Chairman and CEO of Danone, and Kim Jung Rae, President and Chief Operating Officer of Hyundai Heavy Industries Co Ltd.

Frans van Houten, CEO of Royal Philips Electronics NV, Robert Dudley, Group Chief Executive Officer of BP Plc, and Mike Nolte, Vice President of Mercedes-Benz Russia SAO will also attend the forum.

However, Russians will make up the majority of the number attending with Russian President Vladimir Putin leading the forum.

Other leading Russian businessmen scheduled to attend include Oleg Deripaska, Chairman of the Management Board and General Director of UC RUSAL, which produces aluminum, German Gref, President and Chairman of the Management Board of Sberbank, Andrey Akimov, Chairman of the Management Board of Gazprombank OJSC, and Vagit Alekperov, President of Lukoil and others.

In total, over 6,500 official delegations from 62 countries will take part in the forum. The forum will also host 146 heads of the largest foreign companies in the world and 450 leading Russian companies, St. Petersburg governor Georgy Poltavchenko said, reported Rossiiskaya Gazeta .

Poltavchenko also said out of those who applied to participate and confirmed their attendance, 70 percent were from Europe and the U.S.

Despite hosting more than 6,500 people, with 25 percent of them being journalists, the number of participants in this years forum is still smaller than last year, when the event saw 7,190 people in attendance, including 176 heads of the biggest foreign companies and 436 Russian companies. Approximately 102 agreements amounting to a total of 9.6 trillion rubles ($276.3 billion) were signed at last years forum, reported Rossiiskaya Gazeta.

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ALL ABOUT TOWN

Saturday, Nov. 1


The men and women who dedicate their lives to fitness get their chance to compete for the title of best body in Russia at todays Grand Prix Fitness House PRO, the nations premier bodybuilding competition. Not only will men and women be competing for thousands of dollars in prizes and a trip to represent their nation at Mr. Olympia but sporting goods and nutritional supplements will also be available for sale. Learn more about the culture of the Indian subcontinent during Diwali, the annual festival of lights that will be celebrated in St. Petersburg this weekend at the Culture Palace on Tambovskaya Ul. For 100 rubles ($2.40), festival-goers listen to Indian music, try on traditional Indian outfits and sample dishes highlighting the culinary diversity of the billion-plus people in the South Asian superpower.



Sunday, Nov. 2


Check out the latest video and interactive games at the Gaming Festival at the Mayakovsky Library ending today. Meet with the developers of the popular and learn more about their work, or learn how to play one of their creations with the opportunity to ask the creators themselves about the exact rules.



Monday, Nov. 3


Non-athletes can get feed their need for competition without breaking a sweat at the Rock-Paper-Scissors tournament this evening at the Cube Bar at Lomonosova 1. Referees will judge the validity of each matchup award points to winners while the citys elite fight for the chance to be called the best of the best. Those hoping to play must arrange a team beforehand and pay 200 rubles ($4.80) to enter.



Tuesday, Nov. 4


Attend the premiere of Canadian director Xavier Dolans latest film Mommy at the Avrora theater this evening. The fifth picture from the 25-year-old, it is the story of an unruly teenager but the most alluring (or unappealing) aspect is the way the film was shot: in a 1:1 format that is more reminiscent of Instagram videos than cinematic art. Tickets cost 400 rubles ($9.60) and snacks and drinks will be available.



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