ALEXANDER GALUSHKA: SIX WEEKS LEFT UNTIL THE OPENING OF EASTERN ECONOMIC FORUM

22 July 2015

ALEXANDER GALUSHKA: SIX WEEKS LEFT UNTIL THE OPENING OF EASTERN ECONOMIC FORUM

Six weeks left until the beginning of the grand-scale event – the opening of Eastern Economic Forum. Minister for Development of the Russian Far East Alexander Galushka, Governor of Primorsky Krai Vladimir Miklushevsky, CEO of the Far East and Baikal Region Development Fund Alexey Chekunkov and Managing Partner of the EY company in Russia Alexander Ivlev covered the preparation for Eastern Economic Forum at the TASS press conference. According to the head of the Ministry for Development of the Russian Far East, 898 participants have registered for participation in the EEF so far. "The figure is changing with each passing hour," Alexander Galushka emphasized. The program of the forum is focused on the development of "an investor's portfolio." According to the Minister, the key objective of holding Eastern Economic Forum is not just to discuss the opportunities, it is also to discuss raising capital and job creation. "We have something to offer. We are holding the forum not for the sake of the event itself, but as a component of the work which is being done for the development of the entire Far East. We are creating new mechanisms to attract modern and high-quality investments, create new jobs, stimulate the economy, receive new taxes, and thus promote development of the social sphere of the region," Alexander Galushka highlighted. Head of Primorsky Krai Vladimir Miklushevsky spoke about the preparation for the forum and the efforts of two working groups – in Moscow and Vladivostok. "This preparation scheme proved itself perfectly well during the APEC Russia 2012 summit – the federal working group generates ideas and we implement them," Vladimir Miklushevsky noted. In his opinion, a unique ground is prepared for the holding of international events at any level in Primorsky Krai. "After the APEC summit, Vladimir Putin bestowed equipment to the value of approximately a billion rubles on Far Eastern Federal University, which permits the hosting of guests of any level and holding the most complex events," the head of the krai declared. Alexey Chekunkov noted that hosting of Eastern Economic Forum on a regular basis would allow business to rise to a higher level of interaction with investors. He spoke about the Fund's current work on selection of investment projects: there are more than 20 projects on a short list; in the next 12 months the Fund's capital will be completely invested, and we will concurrently be working on its capitalization support. "Investors from the countries of the Pacific Rim are showing interest in the implementation of projects in the Far East. It is very large. We see transforming this interest into practical investment as our main objective," the head of the Fund noted. According to Alexander Ivlev, businessmen from Japan, China, and South Korea will become the main foreign guests of Eastern Economic Forum – the key investors of the macroregion. In his opinion, this is mostly associated with the creation of favorable conditions for doing business and the introduction of new technologies in the Far East.

ALEXANDER GALUSHKA: SIX WEEKS LEFT UNTIL THE OPENING OF EASTERN ECONOMIC FORUM

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