Foreign investment in modernizing Russia's economy

­Russia is one of the top investment picks for foreign companies today. And the modernization drive by President Medvedev adds to an improvement of Russia’s investment climate. Foreign investment brings in technology, capital and competition, that help the economy become more efficient and generate more value. What is the best way to sell foreign investment to modernize the country and what is the solution to overcoming the problem of administrative barriers?


In the studio:

Enrico Viale, ENEL's Chief Operating Officer for the Russian Operations. He joined ENEL in 2003. Engineer by training with  extensive financial background, he served as ENEL country manager for Russia and Deputy Chairman of ENEL OGK-5, since June 2008, and in  August 2010 he was nominated Chief Operating Officer of ENEL OGK-5. Before moving to Russia, Mr. Viale served as ENEL Country Manager for

the Balkans. Enrico Viale moved to the power sector from financial sphere. He began his career by working in the Project Finance Department of GIE Spa,  Milan. In 1989, he joined Ansaldo Energia Spa, Milan as Head of

Project Finance, and since 1994 he served as its Finance Director. In 1995 he joined Mediocredito Centrale Spa, Rome, where he was Head of Export Finance. From 1995 to 1998 he worked at ABB Structured Finance in Milan as a Managing Director, and from 1998 to 2003 he served as a Senior Vice President at ABB Structured Finance in Zurich. Mr. Viale got a degree in Civil Engineering from Politecnico di Torino and continued his studies in the United States, earning at first a Master's degree in Management at University of Santa Clara and then he Executive Management Program at Sloan School of Business.

Ramon Laguarta, President of PepsiCo Eastern Europe Region responsible for the region, including Russia, CIS countries, Poland, Czech  Republic, Hungary and the Baltic countries. Ramon holds a MBA from ESADE Business School in Barcelona, Spain and a M&M (Master in  International Management) by Thunderbird (USA). Ramon began his career at Volkswagen in the position of regional manager. From 1987 to 1992 he worked in the confectionery company Chupa-Chups in the position of regional manager, was responsible for business development in the  Middle East and the Far East regions. In 1992 he was appointed to the position of General Manager of Chupa-Chups branch in the USA. Ramon  joined PepsiCo in 1996 and since then held various positions: General Manager for Iberia Snacks; General Manager for Greece Snacks and  Marketing VP for Spain Snacks, Commercial VP, PepsiCo Europe. Ramon took the position of PepsiCo EER President in September 2008.

Joining on the links:

Roland Nash, a 16-year veteran of the Russian and CIS markets, joined Verno Capital as senior partner and chief investment strategist in January 2011. Verno announced earlier that Mubadala, the Abu Dhabi-based strategic development and investment company, made its first USD100m investment in Russia through Verno-managed funds.Nash joined from Moscow-based Renaissance Capital, where he was chief strategist and co-head of equity product group. Between 2003 and 2010, Nash built a team of 85 research analysts across Russia, the former Soviet Union and Africa.

Yaroslav Lisovolik, Chief Economist of Deutsche Bank, which he joined from the International Monetary Fund (IMF), where he was Advisor to  the Executive Director for the Russian Federation. Mr. Lissovolik recently published his second book dedicated to the issues of Russia's  competitiveness and modernization. His academic credentials include a BA in Economics from Harvard University; an MA in Economics from MGIMO; an MSc in Economics from the London School of Economics and a PhD in Economics from MGIMO.