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2024.06.04 14:40 GMT+8

Basic facts about St. Petersburg International Economic Forum

Updated 2024.06.05 10:21 GMT+8
CGTN

St. Petersburg, the city where the 27th St. Petersburg International Economic Forum will be held, June 1, 2024. /CFP

The 27th St. Petersburg International Economic Forum (SPIEF) will be held in St. Petersburg from June 5 to 8.

The main theme of the forum is "The Formation of New Centers of Growth as the Cornerstone of a Multipolar World."

So far, over 18,600 participants from 139 countries and territories, including Russia, have been confirmed. The Sultanate of Oman is taking part in SPIEF 2024 with the honorable status of guest country, according to the official website of the SPIEF. 

In 2023, more than 6,000 representatives of Russian and foreign businesses from over 3,000 companies located in 75 countries and territories took part in the forum held from June 14 to 17. During that time, more than 900 agreements worth a total of 3,860 billion rubles (around $43.2 billion) were signed.

"The unprecedented interest from foreign partners and the media shows that the Russian market and, in general, Russia's economic model of development and consolidation, against the backdrop of serious restrictions and pressure from the collective West, has shown its competitiveness. Multinational and multicultural, value-oriented Russia is becoming one of the growth centers of the emerging multipolar world," said Anton Kobyakov, adviser to the President of the Russian Federation and executive secretary of the SPIEF Organizing Committee.

The main business program of SPIEF 2024 is divided into four thematic areas: "Transition to a Multipolar World Economy," "Goals and Objectives of Russia's New Economic Cycle," "Technologies for Leadership," and "Healthy Society, Traditional Values and Social Development: The Priority of the State."

Held annually since 1997, the SPIEF has become a leading global platform for the business community to discuss key economic issues facing Russia, emerging markets and the world.

Those invited to the forum include leaders of the participating countries, leaders of international organizations, presidents of large Russian and foreign companies, as well as experts in various fields.

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