Entrepreneur Of The Year Contest Winner Announced

September 26, 2006

Andrey Martirosov Named Entrepreneur Of The Year 2005 By Ernst & Young

Andrey Martirosov, the General Director of airline UTair, has been recognized as the national winner of the esteemed Entrepreneur of the Year, 2005 competition organized by Ernst & Young. Under his leadership since 1999, UTair emerged from bankruptcy and transformed into a leading industry player. The company forecasted a 400 million rubles net profit in 2006, quadrupling its 2005 performance. Mr. Martirosov will represent at the international Entrepreneur of the Year competition in Monte-Carlo this June. Other winners include leaders from various industries, setting a high standard of excellence and innovation across the business landscape.

Prominent Business Recognition and Development Programs

The Center for Entrepreneurship consistently supports and propels entrepreneurial talent through various programs. The Acceleration Programs help businesses scale up and achieve sustainable growth. Another notable initiative is the Entrepreneurs' Organization, which provides a platform for young CEOs to share experiences and formulate strategies for future growth. Additionally, the Center emphasizes the importance of peer-to-peer learning through brief but impactful training formats, reflecting the high demand for strategic planning skills among mid-sized company entrepreneurs. With this focus on development, the organization fosters an environment where entrepreneurial spirit and innovation can thrive.