The national Development Award was established by Vnesheconombank in 2012 to encourage investment operations and build an attractive investment climate in Russia. The strategic goal of the award consists in achieving comprehensive modernisation and renovation through sustainable social and economic development.
In 2014, Vnesheconombank organised a second Development Award. The award was given for outstanding achievements in the implementation of nationally important projects. The critical criteria in assessing projects and selecting the winners were whether the project is innovative, oriented towards exports or import substitution, and what are its socio-economic and environmental effects.
The award ceremony was held as part of the 18th Saint Petersburg International Economic Forum in May 2014 and was attended by Sergei Ivanov, Chief of Staff of the Presidential Executive Office, and Vladimir Dmitriev, Chairman of Vnesheconombank.
This is Russia’s first award for outstanding achievements in investing in industrial and infrastructural projects. A better investment climate is important not as an end in itself, but rather as an efficient tool to create new jobs. The Development Award was established exactly to support and encourage those who invest, build and create.
In 2014, Vnesheconombank worked hard to improve procedures related to the organisation and holding of the award. Based on past experience, we decided to expand the list of nominations for the Development Award 2015 by including new nominations that match the Bank’s focus areas: