MONTHLY INFORMATION DIGEST

ECONOMIC DEVELOPMENT OF THE
FAR EASTOctober 2019

KEY TOPICS• Within the month after• India is interested in• The most modern fish

EEF the investment in theFar East grew by 348
billion roubles

coal projects in the
Far East

processing plant opened inKamchatka

EASTERN ECONOMIC FORUM NEWS10 October 2019, TASS

Within the month after EEF the investment in the Far East grew by 348 billion
roublesDuring that time 156 investors became residents of advanced special
economic zones and the Free Port of Vladivostok. These projects result in creating
11,000 jobs in the Far East, said Vladimir Rudenko, Deputy Director of the ASEZ andFree Port of Vladivostok Department at the Ministry for the Development of theRussian Far East, at the 4th Far Eastern Forum of Entrepreneurs.
https://tass.ru/ekonomika/6982329

GOVERNMENT POLICY IN THE FAR EAST
21 October 2019, RIA Novosti

Up to 140,000 soft mortgage loans can be issued in the Far East
At the plenary session of the 5th Eastern Economic Forum Vladimir Putinannounced the launch of a soft mortgage programme for young families and holdersof land plots as part of the Far Eastern Hectare programme with the interest rate of2%. According to the President’s instruction, the programme is to be launched by 15December 2019. The Government of the Russian Federation will allocate 14.7 billion
roubles for its implementation.
https://realty.ria.ru/20191021/1560040302.html

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ECONOMIC DEVELOPMENT OF THE RUSSIAN FAR
EAST
15 October 2019, RIA Novosti

New online services for entrepreneurs to be launched in the Far East
The Far Eastern Federal District will become one of the pilot projects forlaunching services aimed at facilitating opening and registration of new businesses.
Two services – ‘Open a business’ and ‘Digital permits for business’ – will be available
for entrepreneurs. ‘Open a business’ service will allow to submit a digital application
to register a business and choose a bank to open an account. The application
progress can be tracked online. The test versions of these services is to be launchedin 2020.
https://ria.ru/20191015/1559804755.html
14 October 2019, TASS

New terminal of the Khabarovsk airport started operating regular flights
On 14 October, the domestic flights terminal welcomed the first regular flightfrom Moscow. The construction of the airport with the annual throughput capacity of 3
million people began in March 2018. Khabarovsk international airport is the largest air
hub of the Far Eastern Federal District. The total cost of the project was 4.9 billion
roubles. During the Eastern Economic Forum 2019 Vladimir Putin opened theterminal over a telebridge from Russky Island.
https://tass.ru/v-strane/6995774

ECONOMY OF THE FAR EAST
23 October 2019, Vesti

India is interested in coal projects in the Far EastThis was announced by Indian Minister of Petroleum and Natural Gas
Dharmendra Pradhan during the visit of the Indian business delegation to the Far
East. According to him, India is willing to take part in joint projects for coking coaldevelopment and intends to increase its export from Russia. Also, Ministerencouraged Indian companies to cooperate more actively with Russian partners.
https://www.vestifinance.ru/articles/127056
18 October 2019, Interfax

Korean investor to pour 13 billion roubles in an industrial park in Primorye
Nearly 30 companies from the Republic of Korea have announced that they
are considering participation in the LH Corporation project as residents. Among them
are members of the Korea Automobile Parts Association (KAPA) and the Korea
Soybean Processing Association. The construction of the industrial park is expected
to help create 12,000 new jobs.
The agreement of understanding related to this project was signed on thesidelines of the Eastern Economic Forum 2019.
http://www.interfax-russia.ru/FarEast/special.asp?id=1074360&sec=1749&p=7
11 October 2019, EastRussia

Development of the Udokan copper deposit began in Zabaikalsky Krai
The agreement was signed by Far East Development Corporation and Baikal
Mining Company. The amount of investment is to reach 75.9 billion roubles. Thisinvestment project is the key one at the Zabaikalye ASEZ. The first phase of themining and refining plant will be put into operation in 2022. Development of thedeposit will allow to create over 1,800 new jobs at the plant and more than 10,000
jobs in related industries.
https://www.eastrussia.ru/news/v-zabaykale-dan-start-osvoeniyu-udokanskogomestorozhdeniya

7 October 2019, Interfax

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ECONOMIC DEVELOPMENT OF THE RUSSIAN FAREASTIcelandic business delegation
visited Kamchatka
The delegation was led by Ambassador Extraordinary and Plenipotentiary ofthe Republic of Iceland to the Russian Federation Berglind Ásgeirsdóttir. Officials andrepresentatives of business communities discussed cooperation opportunities infishing, tourism and energy in the context of the Northeast Passage development andvisited a number of region’s enterprises.
http://www.interfax-russia.ru/FarEast/news.asp?id=1070634&sec=1671

NEW MECHANISMS FOR THE DEVELOPMENT
OF THE FAR EAST: SUCCESS STORIES
4 October 2019, TASS

The most modern fish processing plant opened in Kamchatka
The project has been implemented by an investor of the Kamchatka ASEZ –Kamchattralflot company. The amount of investment reached 2.3 billion roubles. The
enterprise has been constructed as part of the Investflot programme that provides
quotas for fishing-out in exchange for investment in construction of fleet and fishprocessing plants.
It will produce 250 tonnes of frozen whitefish, 100,000 fish cans, 27 tonnes offish flour and 6 tonnes of fish oil daily.
https://tass.ru/ekonomika/6962801

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