MONTHLY INFORMATION DIGEST

ECONOMIC DEVELOPMENTOF RUSSIA’S FAR EAST December 2017
KEY THEMES• Moscow hosts Days ofthe Far East

• Far East Federal District
gets USD 55 bn thanks
to new economicprogrammes• Far East to start using
investor user accounts in2018

EASTERN ECONOMIC FORUM NEWS19 December 2017, Lenta.ru

Moscow hosts Days of the Far East
Moscow hosted the Days of the Far East, a federal project featuring cultural, exhibition, andbusiness events,on 8–16 December.The keyevent of the business programme was an exhibition
held at Expocentre on 14–16 December. Young professionals, students, and schoolchildren
had an opportunity to take part in master classes on vocational guidance, learn about themost popular professions in the Far East, and also find work at a job fair hosted by leading
enterprises from the Far Eastern region. The exhibition visitors learned about the benefits andsupport programmes for people who resettle in the Far East and how they can earn moneyfrom the ‘Far Eastern hectare’ project.
https://lenta.ru/articles/2017/12/18/dnivostoka_itogi/
19 December 2017, forumvostok.ru

Eurasian Economic Union Minister Tatyana Valovaya invites Cambodian business
representatives to SPIEF and EEF in 2018
Tatyana Valovaya invited her Cambodian partners to participate in the St. Petersburg,
Astana and Eastern Economic Forums as well as Eurasian Week, which will be held inautumn 2018 in Yerevan. “We recently completed an important mission – we facilitateda trip to Cambodia by a delegation of business circles from Eurasian Economic Union
countries. Now we are looking forward to hosting our Cambodian colleagues. The
involvement of Cambodian business in our major economic international events, where
it is possible to make a name for oneself and talk about the potential of Cambodia, is a1

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ECONOMIC DEVELOPMENT OF RUSSIA’S FAR EAST

key to success in the development of mutually beneficial relations”, Valovaya concluded.
https://forumvostok.ru/en/news/ministr-eek-tatyana-valovaya-priglasila-predstaviteley-kambodzhiyskikhdelovykh-krugov-na-pmef-i-vef/
27 December 2017, REN TV

Eastern Economic Forum to host international Go tournament
The Organizing Committee of the Eastern Economic Forum said an international
tournament featuring the world’s most complex board game Go is slated to be held at theEastern Economic Forum in Vladivostok in 2018.
http://ren.tv/novosti/2017-12-27/na-vostochnom-ekonomicheskom-forume-proydet-mezhdunarodnyy-turnir-po- igrego

STATE POLICY IN THE FAR EAST
18 December 2017, Rossiyskaya Gazeta

Russia and Japan discuss five joint projects in the Southern Kuril Islands
A Russian-Japanese working group in charge of developing plans for the joint economic useof the South Kuril Islands held a meeting in Moscow on 18 December.
Head of Political Affairs at the Japanese Embassy in Russia Kensuke Yoshida said the talks
addressed five priority projects for joint economic activities – aquaculture production,
growing vegetables in greenhouses, wind energy, the development of package tours to
the islands, and a reduction in waste. The parties agreed that a meeting would be held inJanuary–February 2018 at the level of the deputy foreign ministers of the two countries
during which one of the issues will be legislation on the joint economic development of theSouth Kuril Islands.
http://kommersant.ru/doc/3204846
19 December 2017, RT

Nationwide: All-Russia People’s Front suggests expanding ‘Far Eastern hectare’programme
The ‘Russia Looking to the Future’ Action Forum of the All-Russia People’s Front hassuggested expanding the ‘Far Eastern hectare’ programme to the territory of the entirecountry. A corresponding request will be sent to the Government. Under the proposal, eachregion would independently decide whether to take part in the programme. The All-Russia
People’s Front notes that there must be a mechanism to create settlements consisting ofland plots provided to Russian citizens without the right to sell, but only with the right totransfer them by inheritance. In doing so, people would have the opportunity to not only
create housing, but their own ‘small homeland’ as well.
https://russian.rt.com/russia/article/462120-onf-dalnevostochnyi-gektar-regiony

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15 December 2017, TASS

Investor’s user accounts to open in Far East in 2018
The service, which would enable business representatives to obtain permits, pay taxes,
and resolve other administrative issues, should be launched by the next Eastern EconomicForum, Minister for the Development of the Russian Far East Alexander Galushka said duringa presentation of the Far East’s investment potential.
http://tass.ru/ekonomika/4816369

FAR EAST ECONOMY
15 December 2017, TASSFar East Federal District gets USD 55 bln thanks to new economic programmes
The introduction of new economic programmes and instruments, including advanced
special economic zones, the Vladivostok Free Port, and targeted state support forinvestment projects, has made it possible to attract roughly USD 55 billion in investments
to the Far East in order to implement around a thousand new projects, the press service ofthe Ministry for the Development of the Russian Far East reported citing Deputy Ministerfor the Development of the Russian Far East Alexander Krutikov.
http://tass.ru/ekonomika/4816701
20 December 2017, TASS

Alexander Galushka: Far East takes in a quarter of Russia’s FDI
In an interview with TASS, Minister for the Development of the Russian Far East Alexander
Galushka said that the Far East regions are ending the year with growth in key indicators:
86 new enterprises have opened, 7,000 jobs have been created, and investors have invested
RUB 120 billion. The rate of investment growth is 10%, a level twice as high as in otherregions of the Russian Federation.
http://tass.ru/opinions/interviews/4827084
23 December 2017, Rossiyskaya Gazeta

From local projects to cross-border cooperation
A serious foundation was laid in the outgoing year to strengthen China’s economic
cooperation with the Russian Far East. An intergovernmental commission for thedevelopment of the Russian Far East and northeast China has been established alongwith the Far Eastern Centre for the Support of Chinese Investors.
https://www.rg.ru/2017/12/29/kitaj-realizuet-na-dalnem-`vostoke-28-proektov-na-4-mlrd-dollarov.html

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NEW FAR EAST DEVELOPMENT MECHANISMS:
SUCCESS STORIES
8 December 2017, RIA Novosti

Yury Trutnev announces plans to create high technologies support fund in Far Eastern Federal
District
Rusnano State Corporation, the Far East Development Fund, and Russian Venture Company
will set up the High Technology Development Fund in early 2018 with initial capital of RUB
5 billion. Plenipotentiary Envoy of the President of the Russian Federation in the Far Eastern
Federal District Yury Trutnev told Rossiya Segodnya news agency: “We have considered twoissues: the development of Russky Island and the establishment of the High Technology
Development Fund. These issues are intertwined because we want to develop the island as aninnovative cluster associated with education, science, and technology”.
https://ria.ru/economy/20171208/1510470716.html

ABOUT US
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 byorganizing conventions, exhibitions, and public events. The Foundations develops
substantive content for such events, providing companies and organizations withadvice, information, and expert guidance, and offering comprehensive evaluation,analysis, and coverage of the Russian and global economic agendas. It offers
administrative services and promotional support for business projects and helps toattract investment, including in the form of public-private partnership
Today, its annual programme includes events held from Montevideo to
Vladivostok, offering an opportunity to bring together global business leaders,experts, the media, and government officials in one place, and assisting in thecreation favourable conditions for dialogue and the promotion of new ideas andprojects, and assisting in the creation of social enterprise and charity projects.
www.roscongress.org