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VTB to bring Nobel Prize winners to Russia

17 May 2013

© RIAN, Ramil Sitdikov

The first in a series of VTB-sponsored lectures for students at Russian universities by leading global economists, including three winners of the Nobel Prize in Economics, will be delivered on 20 May.

Moscow State Institute of International Relations (MGIMO) will host a lecture by Nobel Prize winner Dale Mortensen, a professor at Northwestern University, while Nobel Prize winner and Professor at the Hebrew University of Jerusalem Robert Aumann will deliver a lecture at the Higher School of Management of the St Petersburg State University (HSM SPSU) .

The economists will share their views on the current economic situation and give their forecasts. They will also answer students’ questions.   

Subsequently VTB will continue sponsoring lectures by prominent world economists at Russian institutions of higher learning. J Bradford DeLong of the University of California, Berkeley, and Nobel Prize winner Thomas Sargent of New York University are scheduled to talk to students in September.

«I am glad that thanks to VTB, Russian students will be able to listen to lectures by the world’s leading economists. I am confident that the knowledge they receive will enable our students to become world-class specialists who will shape this country’s economic profile in the 21st century. Russia’s importance for the world economy is already rising steadily, as evidenced by its presidency of the G20 summit and its business arm, the B20.»
Andrey Kostin,
President and Chairman of the Management Board

Business 20 (B20) brings together major companies, banks and business associations to support an ongoing dialogue between the business community, the governments of the Group of Twenty (G20) and relevant international institutions.

B20 meetings were initiated following the G20 Summit in June 2010 in Toronto, the first meeting where business leaders who accompanied their heads of state and government to the event joined the discussion on global issues. Andrey Kostin attended that meeting as a representative of Russian business. The B20 meetings that followed — in Seoul (South Korea) in November 2010, in Cannes (France) in 2011 and in Los Cabos (Mexico) in 2012 — proved an effective format for cooperation between business and government in G20.

As Russia took over the presidency of G20 and B20 on December 1, 2012, the country proposed a focus on a new basis for economic growth for the B20 meeting in St Petersburg in 2013, to follow up on the agenda of the previous B20 events. The agenda of the Russian presidency includes such issues as supporting trade; freedom of investment; restoring confidence in financial system; innovation-based development; a flexible employment and labour market; and an effective dialogue between the business and the government. A special target taskforce has been set up to focus on each of these issues, comprising leaders of business associations, B20 members and heads of interested companies.

VTB Bank

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