On 1 June 2017, at the St. Petersburg International Economic Forum (SPIEF), the Association of European Businesses and the Government of Leningrad Region signed an Agreement on Cooperation.

The Agreement was signed by Alexander Drozdenko, Governor of Leningrad Region, on one side, and Frank Schauff, AEB CEO, on the other side.

Recognising the need to extend cooperation in the field of investment and the business climate in the Leningrad Region, the agreement includes: organisation and conduct of joint round table meetings, conferences, seminars and other events; surveys among foreign investors doing business in the region; activities to assess the regulatory impact of regulations in the Leningrad Region; joint activities to attract foreign investors to the Leningrad Region.

The signing ceremony was attended by Thomas Staertzel, Chairman of AEB Board and Teemu Helppolainen, AEB Deputy Chairperson.