MONTHLY INFORMATION DIGEST

ECONOMIC DEVELOPMENTOF RUSSIA’S FAR EAST November 2017
HIGHLIGHTS• EEF 2018 dates set• Investment indevelopment of Russia’s
Far East tops RUB 3.3 trn• Korean Investor Support
Centre inaugurated inVladivostok

EASTERN ECONOMIC FORUM NEWS22 November 2017, Komsomolskaya Pravda

EEF 2018 dates set
The fourth Eastern Economic Forum will take place on 6–7 September 2018 on the campusof the Far Eastern Federal University on Russky Island, Vladivostok. The Forum will kick off on
5 September with a Youth Day.
At the first meeting of its Organizing Committee, Russian Presidential Envoy to the Far
Eastern Federal District Yuri Trutnev issued a number of instructions relating to preparationof Vladivostok’s city infrastructure and hotel accommodation, as well as the Forum venue.
Special instructions were issued with regard to the cultural and sports programmes, including
the Jigoro Kano Under-21 International Judo Tournament and the Far East Street exhibition. A
track dedicated to development of human capital in the Far East will be given more emphasisin the business programme.
https://www.kp.ru/daily/26761.4/3791253/
15 November 2017, RIA Novosti

South African delegation to attend the Eastern Economic Forum for the first timeSouth Africa’s Natural Resources Minister Mosebensi Zwane and representatives from thecountry’s business community will attend EEF 2018. South Africa confirmed this decision
during a working visit there by Russia’s Minister for Development of the Far East Alexander
Galushka to discuss trade and industrial cooperation in Russia’s Far East.
https://ria.ru/world/20171115/1508829953.html

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ECONOMIC DEVELOPMENT OF RUSSIA’S FAR EAST

2 November 2017, forumvostok.ru

Russian-Chinese tourism forum to take place at EEF 2018
Russia and China are planning to discuss cooperation on tourism at a special sessionof the Eastern Economic Forum 2018, including specific projects in the area of travel
and tourism and the opportunities offered to investors in Russia’s Far East. Big private
investors in the travel and tourism industry and Russian tour operators are expected totake part in the event.
https://forumvostok.ru/news/v-ramkakh-vef-2018-sostoitsya-rossiysko-kitayskiy-turisticheskiy-forum

STATE POLICY IN RUSSIA’S FAR EAST
24 November 2017, Kommersant

Korean Investor Support Centre inaugurated in Vladivostok
The agreement to establish the Centre was reached at the Eastern Economic Forum 2017.
The Korean Investor Support Centre is expected to work closely with business organizations
and support Korean firms operating in Russia. A hotline will be in place before the year-end
for investors from the Republic of Korea.
https://www.kommersant.ru/doc/3476165
13 November 2017, RIA Novosti

A business programme for the ‘Days of the Far East in Moscow’
The event will include several sessions, including one by the Valdai International Discussion
Club entitled ‘Russia’s Pivot to the East: The Decade Ahead’. Federal government ministers
will speak about measures expected to boost the region’s social development performanceby 2025.
Moscow’s higher educational institutions will host open lectures about Russia’s Far East.
Investors with projects there will explain how to start and do business in the Far Eastern
Federal District. A number of new companies will be inaugurated live on a TV link as part ofthe exhibition.
The exhibition will take place on 8–16 December, with business programme events
scheduled for 14–16 December.
https://ria.ru/society/20171113/1508665684.html
9 November 2017, RBK

Vladimir Putin: “Development of the Far East is a national priority for Russia in the21st century”
The Russian President wrote an article ahead of the 25th APEC Summit on 10 November in
Da Nang (Vietnam).
Vladimir Putin wrote: “We pay special attention to integrating our Siberian and Far Eastern
territories into the Asia-Pacific network of business ties. This work includes a whole range of2

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steps for improving the investment appeal of our regions and building Russian companies
into global manufacturing chains. Development of the Far East is a national priority for Russia
in the 21st century. We are talking about establishing ‘growth areas’ in the region, developing
natural resources on a large scale, supporting high-tech industries, and investing in humancapital, education and healthcare, as well as in establishment of competitive R&D centres”.
https://www.rbc.ru/politics/09/11/2017/5a038ff89a7947f5a1b2710c

THE ECONOMY IN RUSSIA’S FAR EAST
22 November 2017, Interfax

Investment in the development of Russia’s Far East tops RUB 3.3 trn
Russia’s Minister for Development of the Far East Alexander Galushka said during a‘government hour’ at the Federation Council that the investments are backed up by morethan 950 investment projects that will create 115,000 jobs by 2025. 73 new enterprises
have already started operating. Some 280 projects will be launched by 2020, including
manufacturing plants, logistics centres, and agribusinesses.
http://www.interfax-russia.ru/FarEast/main.asp?id=888297&p=5
13 November 2017, Rossiyskaya Gaseta

RUB 1.1 bn to be invested in a Primorsky Krai fish auction house
Companies from China and South Korea intend to participate in setting up a fish auction
sale platform in Russia’s Far East. China’s State Development Bank is prepared to invest
RUB 1 bn in the project and South Korea’s DNG Global Co. Ltd another RUB 100 m.
https://rg.ru/2017/11/13/reg-dfo/v-aukcionnyj-rybnyj-dom-v-primore-vloshat-11-mlrd-rublej.html

NEW DEVELOPMENT MECHANISMS IN RUSSIA’SFAR EAST: SUCCESS STORIES
21 November 2017, Komsomolskaya Pravda

An industrial fisheries cluster slated for Nadezhdinskaya PDA
The Primorsky Krai cluster will consist of a manufacturing facility complete with a machinery
section and a processing shop, a refrigerator, and a fish waste processing facility. At the second
stage, construction of a 20,000-tonne-a-year frozen semi-prepared foods plant and a fish
feedstock plant to supply aquaculture companies is scheduled. The first stage is expected to
become operational by the end of 2019 and the second from 2021 through 2022.
https://www.kp.ru/online/news/2937777

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ECONOMIC DEVELOPMENT OF RUSSIA’S FAR EASTABOUT US
Roscongress Foundation, a major organizer of congress and exhibition events
The Roscongress Foundation was established in 2007 to foster development of Russia’s
economic potential and enhancement of Russia’s image by organizing and holding congress,exhibition and social events. The Foundation is responsible for formulating their programs,provides advisory, information and expert support to companies and organizations, andcomprehensively researches, analyses and publicizes issues on Russia’s and the global
economic agendas. The Foundation administers and helps promote business projects andraise investments, including as part of public-private partnerships.
The Foundation’s annual programme now includes events held from Montevideo to
Vladivostok, helping bring together global business leaders, experts, journalists andgovernment officials, create better conditions for discussing and promoting new ideas
and projects, and facilitate socially responsible entrepreneurship and charity projects.
www.roscongress.org