19 August 2022
The Far East is a unique region with
a variety of characteristics that make it possible to build any kind of
business. However, the specifics of the macro-region’s location and market
structure dictate directions for development. Markets in the Asia Pacific are
becoming increasingly attractive to entrepreneurs in the Far East. The
prospects for small businesses will be addressed at one of the business
programme sessions of the 7th Eastern Economic Forum, which will be held from 5
to 8 September in Vladivostok.
There are many vibrant export
projects in the Far Eastern regions. There are many government initiatives and
support measures in the Far East. However, there is still a number of issues
that need to be resolved. Participants in the session on the sidelines of EEF
2022 will discuss what and how SMEs export, how to develop the sphere of wild
crops collecting, harvesting and processing and turn it into a major
opportunity for SMEs and the self-employed. What challenges do entrepreneurs
face when exporting. What are the solutions?
Alexander Kalinin, President of
OPORA RUSSIA, the Russian non-governmental organization for small and
medium-sized enterprises, is among the guest speakers.
“In order to meet current
challenges, grow and reboot the economy, a great deal of attention needs to be
paid to exports – in particular, to increasing their volume. The regions of the
Far East have a high potential for increasing it, but in order for these
processes to be effective, the problems faced by small businesses in this area
need to be addressed. At a special session of the Eastern Economic Forum, we
will focus on the points of growth for SMEs and the factors affecting the
growth of competitiveness in the Far Eastern Federal District,” commented
Alexander Kalinin.
The development of the Far Eastern
Federal District’s export potential is hampered by sanitary bans, difficulties
in delivering products and the lack of appropriate terminals and
infrastructure, as well as difficulties with payments. In addition to the existing
objective factors hindering business activity in general and exports in
particular – the harsh climate, lack of a quality road network, remote
logistics, underdeveloped general aviation, low population density, and lack of
services – the region also has a significant tariff and tax burden. Currently
only 1% of small and medium-sized enterprises export their products, compared
with 70% in Japan and over 50% in China.
For EEF 2022 updates and
news, go to the official Forum social network pages
Telegram: t.me/roscongress
VKontakte: Eastern Economic Forum (vk.com)
27 February 2024
Russia and Bahrain Look to Intensify Cultural and Humanitarian Cooperation
Advisor to the Russian President Anton Kobyakov held a meeting in Moscow with Ambassador Extraordinary and Plenipotentiary of the Kingdom of Bahrain to the Russian Federation Ahmed Al-Saati, during which the two officials discussed a wide range of issues concerning economic, cultural, and humanitarian cooperation between the two countries and reached a number of agreements.
06 March 2024
Selection Underway for Third Installment of Far East State Management Personnel Training Programme
The Ministry for the Development of the Russian Far East and Arctic has teamed up with the Far East and Arctic Development Corporation to implement the ‘Muravyov-Amursky 2030’ management programme, providing training for the civil service and development institutions of the Far East.
19 April 2024
Preparations for EEF 2024 Underway
Deputy Prime Minister of the Russian Federation and Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yury Trutnev held the first preparatory meeting for the 9th Eastern Economic Forum. Topics included in the agenda range from future technologies and the development of transport infrastructure to the modernization of energy systems.
