ECONOMIC DEVELOPMENT
OF THE FAR EASTFebruary 2020

KEY TOPICS• Primorye has become • FEFU to receive RUB 125.11
the leader of the Far
Eastern Mortgage

million of subsidies• Prospects of cruise tourism
development discussed in theFar East

EASTERN ECONOMIC FORUM NEWS27 February 2020, Rossiyskaya Gazeta

Sakhalin Gas Conference to be held for the first time as part of an EEF field session
Participants of the conference events will include representatives of Russian Ministry of Energy andMinistry of Industry and Trade; Gazprom; international suppliers of gas equipment; representatives ofmajor dealership centres and transport companies; the Roscongress Foundation; and the Far East
Investment and Export Agency. The key discussion topic will be the transition to the natural gas as
automobile fuel.
https://rg.ru/2020/02/27/reg-dfo/vpervye-v-ramkah-vyezdnoj-sessii-vef-sostoitsia-sahalinskaiagazovaia-konferenciia.html
19 February 2020, Kp.ru

Denis Manturov invited representatives of German business community to SPIEF and EEF
The ‘Innovations as the Driver of Economic Growth’ interregional conference on strategic cooperation
between Germany and Russia took place in the House of German Economy in Berlin. The conference
was organized by the Russian-German Chamber of Commerce together with the Association of German
Chambers of Industry and Commerce (DIHK).
This event brought in over 500 representatives of the business communities, economists and experts
from both countries. Participants discussed the outlooks for Russian and German economic policies, aswell as ways to improve investment climate in Russia.
https://www.kp.ru/daily/27094.4/4166611/
11 February 2020, TASS

Sergey Lavrov: Russia counts on ASEAN leaders’ participation in SPIEF and EEF in 2020
The Minister noted the active growth of cooperation between Russia and ASEAN in practical areas.

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ECONOMIC DEVELOPMENT OF THE FAR EASTRussia expects that ASEAN states will be represented at EEF and SPIEF events at the top level,
said Sergey Lavrov at the meeting with Secretary General of ASEAN Lim Jock Hoi.
https://tass.ru/ekonomika/7671479

STATE POLICY IN THE FAR EAST
26 February 2020, Rossiyskaya Gazeta

FEFU to receive additional funding
Mikhail Mishustin has signed a government order on distribution of subsidies totaling 10.07 billion
roubles for the state support of leading universities in 2020. In particular, the Far Eastern Federal
University will receive 125.11 million roubles.
https://rg.ru/2020/02/26/vedushchim-vuzam-vydeliat-bolee-10-milliardov-rublej.html
22 February 2020, TASS

Ministry of Natural Resources and Environment is tasked with preparing regulations forconservation of Kamchatka’s nature by 1 June
Yury Trutnev requested to bring before the Government the draft regulations that were preparedbased on suggestions by the Association of Directors of Nature Reserves and National Parks of theRussian Federation 'Preserved Russia' that will help maintain balance between tourism development
and conservation of the Kamchatka’s nature. At EEF 2019 Vladimir Putin set a strategic objective – toensure harmony of economic activity, accessibility of nature for people, tourism and conservation of theecosystem.
https://tass.ru/obschestvo/7818719
22 February 2020, TASS

Yury Trutnev requested to create a legal framework for development of cruise tourism in
FEFD and the Arctic
It is planned to create a transparent mechanism for approval of passage and disembarkation spots
for expedition cruise ships. Ministry of Economic Development, Federal Agency for Tourism and Ministry
for the Development of the Russian Far East will prepare and bring before the Government a plan for theintroduction of amendments to the existing legislation.
https://tass.ru/ekonomika/7818727
4 February 2020, Argumenty i Fakty

Primorye has become the leader of the Far Eastern Mortgage
According to Yury Trutnev, both banks and region’s residents have become actively engaged in themortgage programme. Over six weeks of the programme implementation, 7,854 applications werereceived in FEFD, 4,861 applications were approved by banks, and 983 credits were issued totaling
3.448 billion roubles.
https://vl.aif.ru/realty/primore_lidiruet_v_dalnevostochnoy_ipoteke

ECONOMY OF THE FAR EAST
26 February 2020, Kp.ru

Far Eastern entrepreneurs can receive up to 20 million roubles
State co-financing of high-tech projects is now available as part of the FASIE’s Commercialization
programme. Micro and small enterprises registered in the unified SME register are invited to participate
in this grant. Priority is given to the companies targeting at import substitution, that have finished the R&D2

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ECONOMIC DEVELOPMENT OF THE FAR EAST
stage and plan to set up or expand innovative production. Among the assessment criteria are thescientific content and prospects of market promotion. The financial support for companies can reach 20
million roubles, with the condition of 100% co-financing from extrabudgetary funds.
https://www.dv.kp.ru/daily/27097.4/4169819/
18 February 2020, IA REGNUM

Yakutia started designing a large bridge across the Vilyuy RiverThe bridge crossing is planned to be completed in 2025. It will connect the cities of Yakutsk andNyurba with a motorway. The estimated cost of work is 20–22 billion roubles, it will be funded from thefederal budget. The bridge will be around 1.7 kilometres long, with approaches reaching 20 kilometres.
The construction is set to begin in 2021. The Vilyuy River is 2,650 kilometres long; it is the longest affluxof the River Lena.
Earlier the Rostec and the VIS Group consortium signed a concessionary agreement on design,construction and exploitation of a bridge across the River Lena with the Yakutia Government. Theconstruction of the bridge across the River Lena became part of the National Programme of the Far East
Development.
https://regnum.ru/news/economy/2862494.html
18 February 2020, Sakhalinmedia.ru

Yury Trutnev named development priorities for the Gorny Vozdukh ski resort inSakhalin
A modern tourist cluster is to be created at the Gorny Vozdukh special economic zone that will
include transport, food, recreation and entertainment industries. By 2025, over 600 additional hotel rooms
will be created. Also, more than 35 pistes of various difficulty levels are to be set up, with the total lengthof 65 kilometres. Gorny Vozdukh can become a world-class ski resort. The annual tax revenue from theimplemented projects will reach up to 3.5 billion roubles.
https://sakhalinmedia.ru/news/910442/
12 February 2020, Primamedia.ru

The first industrial park for small business to be constructed in Primorye
The first industrial park in Primorye will occupy the area of 172 hectares. The construction will begin
outside the town of Bolshoy Kamen in 2021. The project is operated by the Primorye Territory
Development Corporation.
Investors will enjoy preferential advantages and benefits of the Free Port of Vladivostok. The
industrial park will include manufacturing and storage facilities and will allow to localize shipbuilding andfish processing.
https://primamedia.ru/news/908104/

NEW MECHANISMS FOR THE FAR EAST
DEVELOPMENT: SUCCESS STORIES
26 February 2020, Official website of the Primorye Territory administration

Exporter of the Year competition started in Primorye

Applications are now accepted for participation in the regional stage of the Exporter of the Year
competition in Primorye. Until 25 March, small and medium regional enterprises can apply to participate.
“Winners will receive a strong marketing support. Of course, there will be some valuable prizes. Thewinner company will receive a reimbursement for an air ticket to take part in an international exhibition.
Given the reimbursement of all expenses for the stand and interpreters, it will be a considerable cut ofparticipation costs. Holders of the second and the third places will be granted vouchers to study business

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ECONOMIC DEVELOPMENT OF THE FAR EAST
English or improve other professional skills,” noted Yevgeny Nikiforov, General Director of My Businesscentre in Primorye.
https://primorsky.ru/news/184666/
25 February 2020, Comnews.ru

VR learning to be used in FEFU
Terra Tech, a subsidiary of Russian Space Systems, and FEFU signed an agreement on cooperation
for implementation of VR technologies into the learning process. The parties plan to jointly create VR
geography lessons based on the ERS data from space vehicles and monitor the efficiency of VR learning.
http://www.comnews.ru/content/204726/2020-02-25/2020-w09/terra-tekh-i-dvfu-pristupayut-ksotrudnichestvu-oblasti-obrazovatelnykh-vr-tekhnologiy
19 February 2020, TASSState Tretyakov Gallery’s programme of professional training for the cultural cluster tostart at FEFUThe Art Management and Museum Curatorship course of the State Tretyakov Gallery and FEFU isaimed at training professionals for a cultural, educational and museum complex that is underconstruction in Vladivostok. Following competitive examination, 22 FEFU students were admitted to theprogramme, specializing in different areas, such as cultural studies, journalism, history, oriental studies
etc. During this year, the students will study history of arts, up-to-date humanitarian research, basicmuseum practices; they will also have internships in relevant organizations and will be able to implement
their own graduation project.
https://tass.ru/nacionalnye-proekty/7792739

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer ofinternational conventions, exhibitions, and public events.
The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential,
promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is tocomprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative
services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurshipand charitable initiatives.
Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media
representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional
expertise provided by 2,500 people working in Russia and abroad. In addition, it works in close cooperation with 117 economic
partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 69 countries worldwide.

ORGANIZER OF THE EASTERN ECONOMIC FORUM:4