Translation. Region: Russian Federal
Source: Government of the Russian Federation – Government of the Russian Federation –
An important disclaimer is at the bottom of this article.
The 10th anniversary Eastern Economic Forum will be held on September 3–6 in Vladivostok on the campus of the Far Eastern Federal University. Over the years, the EEF has become a full-fledged instrument for the development of the Far East and promotes the integration of the territory into the economy of the Asia-Pacific region. The forum traditionally discusses the creation and improvement of preferential regimes, the launch of new investment projects, thanks to which jobs are created, and the region becomes more attractive for living and development.
“The Eastern Economic Forum discusses the results of the commission of the President of the Russian Federation Vladimir Vladimirovich Putin on accelerated socio-economic development of the Far East. Using state support mechanisms in the Far Eastern regions, 2.9 thousand investment projects with the total amount of declared investments of 10.6 trillion rubles are being implemented, of which 5.1 trillion rubles have already actually invested. Thanks to these new projects, 944 enterprises were introduced, more than 165 thousand jobs were created. Over ten years, investments in fixed assets in the Far Eastern Federal District grew by 99% (ahead of the average Russian indicators by 2.6 times), industrial production – by 30% (29% on average in the Russian Federation), the extraction of minerals increased by 33% (ahead of the average Russian indicators by 3.3 times). The volume of construction work increased by 107% (ahead of the average Russian indicators by 3.3 times). The Eastern Economic Forum helped the leading development of the Far East, which became one of the effective tools for the development of the Far East. It was created on behalf of the head of state as a platform to attract investments in the macroregion economy and successfully transformed into a complex development tool. Along with traditional economic tasks on the forum, special attention is paid to solving social issues – from programs of affordable housing and preferential mortgage to the development of the urban environment and supporting creative industries. Such an integrated approach demonstrates an effective model of sustainable development of the Far East, where economic dynamics is accompanied by an increase in the quality of life of the population. The Eastern Economic Forum annually unites people who seek to make life in the Far East better. The importance of such interaction is also reflected in the main topic of the VEF this year – “The Far East: cooperation in the name of peace and prosperity”. For ten years, the WEF is an integral part of the business space, where not only stable partnerships and new economic projects have been formed, but also the image of the Russian Far East – modern, technological and comfortable for life. And in this context, the forum, already having deep traditions, is undoubtedly aimed at the formation of the future, ”said Yuri Trutnev, Deputy Prime Minister of the President in the Far Eastern Federal District, Chairman of the Organizational Committee of the Eastern Economic Forum.
During the EEF, Russian President Vladimir Putin annually outlines the priorities of the international dialogue that is being built within the framework of the Asia-Pacific region, and also formulates instructions aimed at the socio-economic development of the Far East. The forum has become a platform for the formation of comprehensive contacts between interested parties, which are aimed at developing various formats of partnership and cooperation.
“The Eastern Economic Forum over the past ten years has confirmed its role as a key international platform for developing new approaches to the development of economic cooperation in the Asia-Pacific region. In the context of the formation of multipolar world’s architecture, the WEF becomes an important tool for promoting mutually beneficial initiatives based on the principles of equal rights and respect for national interests. Russia consistently uses the potential of the forum to strengthen trade and economic ties with states interested in honest and mutually beneficial partnership. Of particular importance are joint projects in the areas of energy, transport infrastructure and high technologies, which are implemented with the active participation of Russian and foreign investors. VEF is seen as a strategic platform for the formation of a long -term international agenda that meets the challenges of our time. The forum allows not only to present the investment capabilities of the Far East, but also to develop new models of economic interaction free from protectionism and unilateral restrictions. The Eastern Economic Forum demonstrates its demand as a unique negotiating platform, where in practice a course is being implemented to create a fair and balanced system of international economic cooperation, ”said Anton Kobyakov, the executive secretary of the Presidential Advisor, the executive secretary of the VEF organizational committee.
A regulatory framework has been created in the Far East that has allowed the introduction of new instruments for the economic development of the region: 87 federal laws, 511 acts of the Government of the Russian Federation, 10 acts of the President of the Russian Federation have been adopted. In addition, 16 territories of advanced development, the free port of Vladivostok and other preferential regimes have been created, the work of which was discussed at the EEF. State infrastructure support for investment projects is in effect. For 2015-2024, investors received compensation for costs incurred in creating infrastructure for the implementation of investment projects in the amount of 59.2 billion rubles with a total investment from investors of more than 2 trillion rubles. The Hectare program is also in effect, thanks to which more than 148.5 thousand people in the Far East have received land.
In addition, on the instructions of the President, a set of unprecedented support measures is being implemented aimed at qualitatively improving the lives of citizens and sustainable development of the macro-region. The "Presidential Unified Subsidy" program made it possible to build and modernize about 2 thousand social facilities, including schools, kindergartens, medical institutions and sports complexes. Particular attention is paid to housing policy: more than 145 thousand families took advantage of the Far Eastern mortgage at 2%, and over 3.8 thousand large families received 1 million rubles each to pay off payments.
Large-scale infrastructure projects are being implemented: it is planned to build 137 fishing vessels and 36 fish factories, create an urban agglomeration – a satellite of Vladivostok for 200 thousand residents. An important area has become the development of the creative economy: by 2030, a network of creative clusters with a total area of 100 thousand square meters will appear in the region. These and other initiatives, including the Far Eastern Quarter program, the formation of master plans for the cities of the macroregion and the creation of a single Far Eastern airline, demonstrate the state's comprehensive approach to the development of the Far East, where economic growth is combined with an improvement in the quality of life of the population.
"Behind all the figures, indicators, concluded contracts, agreements signed at the Eastern Economic Forum, behind everything the Russian Government is working on, there is a very clear end goal – people's happiness and improving their quality of life. High-quality education, interesting and highly paid work, the best conditions for buying housing and self-realization, beautiful, comfortable and safe cities, unique nature – we have this and much more in the Far East. People come to us, stay with us, and trust us. Based on the results of last year, we observed a record influx of population – about 24 thousand people – and we really hope that this figure will only continue to grow," said Alexey Chekunkov, Minister for the Development of the Far East and the Arctic.
The Eastern Economic Forum annually brings together domestic and foreign representatives of government bodies, business, the expert community, and public organizations. The forum is a platform for Russian and foreign investors who determine the directions of economic development in the Far East.
The business events of the EEF-2025 are divided into six thematic blocks: “The Far East – a Territory for Life and Development”, “Recipes for Growth: Investments, Innovations, Integration”, “Openness and Mutually Beneficial Partnership – the Basis of Stability”, “Technologies: from Theory to Economic Effects”, “Cities – for People’s Lives”, and “Arteries of Growth: How Logistics Changes the Economy”.
The Creative Industries Forum, the Falcon Day International Forum, the Future Day Youth Forum, the APEC International Conference on Higher Education Cooperation, and the Russian Historical Society Conference are also planned. The program will also include business dialogues with China, India, Thailand, Myanmar, and ASEAN. The Far Eastern Federal District regions will present their achievements at the Far East Street exhibition, which will be held from September 3–9.
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
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