MONTHLY INFORMATION DIGEST

ECONOMIC DEVELOPMENT
IN THE FAR EASTMarch 2018
KEY TOPICS• Alexander Galushka
invites North Korea tothe 4th Eastern EconomicForum• EEF-2018 is nowreceiving volunteeringapplications• Ministry for theDevelopment of theRussian Far East launches
a new brand called Do
Business in the Far East

THE EASTERN ECONOMIC FORUM NEWS29 March 2017, Regnum

EEF-2018 is receiving applications from volunteers wishing to participate in the Forum
Nearly 400 applications have been received during the first several days, most of themfrom students of the Far Eastern Federal University. Volunteering opportunities are open
for young people from Primorsky Krai and other Far Eastern regions.
https://regnum.ru/news/2397808.html
23 March 2018, TASSVietnam businessmen to visit Eastern Economic ForumEEF-2018 is expecting a high-level business delegation from Vietnam, said Russian Foreign
Minister Sergey Lavrov after a meeting with his Vietnamese counterpart Phạm Bình Minh.
Lavrov says both countries are interested in mutual investment, alongside trade.
http://tass.ru/ekonomika/5058407
21 March, 2018, TASS

Alexander Galushka invites North Korea to the 4th Eastern Economic Forum
Russia and North Korea must explore new possibilities for increasing trade and developing
new areas of cooperation, the head of the Ministry for the Development of the Russian
Far East stated during his visit to North Korea, on 21 March 2018. Galushka noted that
the Forum will provide a platform for North Korea to advertise tourism and economic
opportunities.
http://tass.ru/ekonomika/5053275

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ECONOMIC DEVELOPMENT IN THE FAR EAST
20 March 2018, RIA Novosti

Winners of the Far Eastern Hectare competition will present their projects to investors
at EEF-2018
Far East’s human capital development agency has announced the start of the Far Eastern
Hectare ideas & projects competition. Participants with the best ideas for using the free land
allotments provided by the program will receive 100.000 roubles and a chance to present
their projects to the investors at the 4th Eastern Economic Forum.
https://ria.ru/society/20180320/1516839369.html

STATE POLICY IN THE FAR EAST
16 March 2018, Vesti

Yury Trutnev gives a formal start to the construction of a new airport in Khabarovsk
A project to develop Khabarovsk airport (Noviy) will include a reconstruction of the airdrome
complex, building new terminal infrastructure and a commercial development zone, AirCity. A
total of 5 billion roubles will be invested in the new domestic flights terminal with an area of
26,000 square meters.
The new terminal will help maximize the airport’s throughput. In the next five years thepassenger capacity of the Khabarovsk air hub is expected to double, reaching 4 million
passengers a year. Construction is expected to be completed before the end of 2019.
https://www.vesti.ru/doc.html?id=2996123&cid=17
21 March 2018, Rossiyskaya Gazeta

Territory of Advanced Development to appear in Kolyma
First ever Territory of Advanced Development in the Magadan Oblast will be created in 2018.
The territory will include five areas, mostly involving tourism infrastructure such as Talaya
Resort and some areas for fishing. There are currently 18 territories of advanced developmentin the Far East.
https://rg.ru/2018/03/12/reg-dfo/na-kolyme-poiavitsia-pervaia-tor.html
5 March 2018, Rossiyskaya gazeta

Primorye is Russia’s second most popular region among foreign touristsPrimorski Krai has joined the list of Russia’s most popular regions among foreign tourists.
(the first place is held by Krasnodarsky Krai and the third by Crimea). In 2017, the region had
over 640,000 foreign visitors. The majority of tourists come from China, but last year experts
reported a rise in the number of visitors from Japan and South Korea.
This rise in popularity is a result of efforts in promoting the region, developing cruise tourism
and introducing a simplified visa procedure. The latter has made it possible for citizens of 18
countries to visit Primorye’s capital city on an electronic visa.
https://rg.ru/2018/03/05/reg-dfo/primore-stalo-vtorym-regionom-rf-po-chislu-inostrannyh-turistov.html

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ECONOMIC DEVELOPMENT IN THE FAR EASTTHE ECONOMY OF THE FAR EAST
6 March 2018, Komsomolskaya pravda

Korean business ready to invest $1,5 billion in Primory
Around 300 participants from South Korea, including representatives of 75 South Korean
enterprises, have taken part in the Korean Investor Day. Chaired by Yury Trutnev, theevent took place on 5 March 2018 on Russkiy Island. The parties discussed perspective
investment projects in such areas as shipbuilding, energy, medicine, oil and gas production
and the construction of a fish market. Mr. Trutnev, Presidential Plenipotentiary Envoy tothe Far Eastern Federal District said that 26% of all direct foreign investment into theRussian economy is invested in the Far East.
https://www.dv.kp.ru/daily/26802/3837791
6 March 2018, Eastrussia

Ministry for the Development of the Far East launches Do Business in the Far East brandAccording to Alexander Galushka, bringing all investment conditions under one brandwill strengthen collaboration with foreign investors in the Far East. The Minister also
proposed to hold more events like Foreign Investor Day to further expand international
cooperation. The first Indian and European investor days will take place for the first time
this year.
The Far East Agency will also expand its network for attracting investment and supporting
exports. New offices in Harbin, Shanghai, Seoul, Tokyo, Mumbai and Brussels will join theAgency’s Beijing branch.
https://www.eastrussia.ru/news/minvostokrazvitiya-zapuskaet-brend-delay-biznes-na-dalnem-vostoke

NEW MECHANISMS FOR DEVELOPMENT IN THE
FAR EAST: SUCCESS STORIES
29 March 2018, Interfax

Fish factory with a 100-ton daily output to be built in TAD Bolshoy Kamen
Noviy Mir fishing farm is planning to create a new hi-tech enterprise to process pollack
and other fish, as well as a new logistic hub for unloading goods.
The Far East Development Corporation is currently considering an application from aninvestor.
http://www.interfax-russia.ru/FarEast/news.asp?id=921100&sec=1679

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ECONOMIC DEVELOPMENT IN THE FAR EAST

About the organizer
Roscongress Foundation – a major organizer of congress and exhibition events
The Roscongress Foundation was founded in 2007 with the aim of facilitating thedevelopment of Russia’s economic potential and strengthening the country’s image
by organizing conventions, exhibitions, and public events. The Foundation develops
substantive content for such events, providing companies and organizations with advice,information, and expert guidance, and offering comprehensive evaluation, analysis, andcoverage of the Russian and global economic agendas. It offers administrative services
and promotional support for business projects and helps to attract investment, includingin the form of public-private partnerships.
Today, its annual programme includes events held from Montevideo to Vladivostok,
offering an opportunity to bring together global business leaders, experts, the media, andgovernment officials in one place, creating favourable conditions for dialogue and thepromotion of new ideas and projects, and assisting in the creation of social enterprise andcharity projects.
www.roscongress.org

THE FAR EASTERN ECONOMIC FORUM IS ORGANIZED BY:4