Yes, we at Rusnano help create the market and shift administrative barriers, but we never sell on behalf of our companies, develop products for them or manage their business because startups are fragile creatures that must either evolve or dissolve.

FORBES: Russian High Tech in Focus at St. Petersburg Forum

But in a country where indicators ranging from economic growth to the ruble's exchange rate are largely dictated by the volatile energy and metals prices, investors are seeking greater consistency in the government's campaign against corruption and illegal business practices, its plans to deregulate utility prices, and its efforts to lower administrative barriers that make life difficult for all but the largest companies.

WSJ: Welcome (Back) to Russia

Opening the debate, Mr Casa called for "one-stop shops" to be in place by 2015 to reduce administrative and bureaucratic barriers.

BBC: MEPs urge reform of VAT rules

The biggest impediment is the administrative and bureaucratic barriers.

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