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The St. Petersburg economic forum opening Friday
The St. Petersburg economic forum opening Friday is expected to produce deals worth $3.3 billion and gather 6,000 officials and businessmen from 60 countries, a deputy economics minister said Tuesday. "In all, we plan to sign about 12 investment agreements, with investors assuming $3.3 billion worth of obligations," Kirill Androsov said, adding the deals would provide for new production facilities in Russia, including in the food, timber and electronic industries, and in the petrochemical and automotive sectors. He added one of the agreements to be signed at the annual three-day forum could be with Swedish automaker Volvo on truck production in Russia. The Russian ministry is also in talks with Japan's Mitsubishi, Suzuki and France's Peugeot-Citroen. Androsov said the 11th St. Petersburg forum would focus on emerging markets in the context of ongoing globalization and would convene 6,000 people from 60 countries. "And the total number of registered participants will be 10,000 people, including assistants and accompanying staff," he said. The deputy economics minister added that official delegations to the forum would be led by 10 presidents, 11 premiers, four deputy premiers and 64 ministers. "This year, we will host representatives of a far higher level than last year," he said. About 200 top managers of Russian and foreign companies will attend the forum, along with 350 executives of the second rank, Androsov said, adding that invitations had been sent to 500 Russian ruble billionaires.
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