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Archive for April 2009

St. Petersburg Economic Forum opens with budget cut

April 6, 2009 - RUSSIA

The St. Petersburg Economic Forum bills itself as Russia’s most important economic event. Harder times and a 25 per cent budget cut mean the organizers are accepting foreign sponsors for the first time and the entertainment and parties for Philippines President Gloria Macapagal-Arroyo and other forum-goers might be a cut below last year’s. Pink Floyd’s Roger Waters starred in 2008. President Dmitry Medvedev will open Day Two, and is expected to assess the global economic situation.

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