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Jon Fredrik Baksaas, CEO of the Norwegian telecommunications provider Telenor,
Jon Fredrik Baksaas, CEO of the Norwegian telecommunications provider Telenor, said he expects productive dialogue at the economic forum to be held in St. Petersburg on June 6-8.

The St. Petersburg International Economic Forum, to be attended by President Dmitry Medvedev, brings together world business leaders and politicians to discuss key economic issues facing Russia and the international community.

Telenor's chief said he expects discussions at the forum to be open and frank.

Baksaas said that participants will be able to meet with key Russian politicians, as well as both Russian and foreign investors. They will also have an opportunity to learn about the plans of Russia's new president regarding business and foreign investment.

The CEO said Telenor's commercial success has been boosted by its role in the Russian market, and that it plans to invest further in Russia.

The Norwegian company, which is 54% state-owned, holds a 33.6% of the common stock of Russia's second largest mobile operator, VimpelCom, known for its Beeline brand.

The Telenor CEO said it is vital that Russia guarantee an independent judiciary and inviolability of contracts. On problems foreign investment is facing in Russia, Baksaas said they are no greater than on other world markets.

Russian news agency RIA Novosti is the general information sponsor of the St. Petersburg forum.


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