Economic forum – what’s new?
International Economic Forum will take place in St. Petersburg from 4 to 6 June. A year ago, when the economic crisis had already affected the United States and Europe, businesses still continued to call Russia a “quiet haven.” The Government in its turn had built long-term plans for the new role of Russia in the world. And in his speech at the Economic Forum, President Medvedev said: “We have waited long for new bright victories: in economy, technology, and social development.” But the crisis still made it to Russia, and loudly announced itself. Following four months of 2009 the decline in GDP was 10%, while the budget deficit reached 9% of GDP.
Google creates a $100 mln fund to invest in the “next great idea”
Google Inc has established a $100 million venture fund to invest in start-up, but full of potential Internet firms, which need early stage funding to develop their business.
Google Ventures will wholly belong to the Cupertino company and will actually look for firms through which Google will increase its revenue in this hard times.
Obama to invite Forum on Energy and Climate
U.S. President Barack Obama is launching a “Major Economies Forum on Energy and Climate” to help facilitate a U.N. agreement on global warming, the White House said on Saturday.
Leaders from 16 major economies have been invited to a “preparatory session” on April 27-28 in Washington to “help generate the political leadership necessary” to achieve an international pact to cut greenhouse gas emissions later this year, it said in a statement.