The ‘Far East Street’ exhibition is one of the main events at the Eastern Economic Forum. It helps shorten distances and provides visitors with a unique opportunity to visit different regions of the Far East and get acquainted with their culture, traditions, nature, attractions, and the main economic and social achievements.
Russian President Vladimir Putin has declared development of the Far East a national priority for the entire 21st century. The economy of the Far Eastern regions is continuing to develop actively. More than 2,800 investment projects, each representing an important contribution to improving the quality of life in the Russian Far East, are receiving state support.
This year, socio-economic development dynamics, key industrial and infrastructure projects, new enterprises, social initiatives and programmes will be presented on an interactive model of the macro-region in the pavilion of the Russian Far East and the Arctic Development Corporation ‘Developing the Far East’. Modern multimedia and digital technologies will help us demonstrate the scale of the economic and social changes and the diversity, brightness and unique character of the Russian Far East. We will present products made by new enterprises operating in the Priority Special Economic Zones and Free Port Vladivostok and will showcase projects for supporting the Special Military Operation. We will help the public and business people navigate the various state support mechanisms and social programmes. In the pavilion, it will be possible to get advice on practical application of state support mechanisms, obtaining land in the Far East and the Arctic for free, improving housing conditions with the help of preferential mortgages, and testing digital services.
I am confident that, this year, the exhibition will help those who come here for the first time to discover the Russian Far East for themselves. And those who live and work in the Russian Far East will take away with them an even greater love for their homeland!erdc.ru/en/
Russian Far East and Arctic Development Corporation
The ‘Developing the Far East’ display is part of the ‘Far East Street’ exhibition, its main focus being on the results of the initiatives to accelerate social and economic development of the Far Eastern Federal District using state support mechanisms, and on projects and social programmes being implemented in the Far Eastern regions. The central element of the display is a Far East multimedia model. An interactive exhibition will showcase products made by enterprises established in the Priority Special Economic Zones and Free Port Vladivostok, as well as projects in support of the Special Military Operation. The pavilion will also offer consultations on practical application of the various state support mechanisms and how to obtain land in the Far East and in the Arctic free of charge, and will provide information on services for individuals and business people.
This year, as we celebrate the Forum’s 5th anniversary we have an opportunity to look back on everything that has been achieved since 2015. It was the first time when Vladivostok hosted the trendsetters from Russian and international business communities, government officials, foreign dignitaries, researchers, and experts – in other words, everyone who was prepared to cooperate with Russia and work in the Russian Far East; everyone, who was ready to launch new production facilities and develop those already in place; everyone, who aimed to create new jobs, construct roads, housing, and hospitals – namely improve the life of our Eastern territories.
The goals we set 5 years ago appeared unattainable back then. We discussed a broad range of topics: expectations and development prospects, creating new economic regimes and improving the investment climate, passing legislative initiatives and changing legal framework, putting new social infrastructure in place and helping regions reach their potential – in other words, we were talking about the future. Some were hopeful, some remained skeptical, yet there was only one thing that mattered: we were ready to act as one. And today, that future has become our present.
The President of the Russian Federation Vladimir Putin designated the development of the Far East as a national priority of the entire 21st century. At the behest of the President, a whole new economy is being created in the region. Large companies as well as small and medium-sized businesses can count on tax breaks, administrative preferences, concessional loans, and support from the state development institutions.
A lot has been accomplished during the last 5 years: over 40 legislative initiatives that sustain investment activity and improve the social sphere have been passed; 20 advanced special economic zones and 5 free ports have been put in place. These measures resulted in over 1,780 new investment projects worth over RUB 3.8 trillion, and 230 new enterprises appeared. The government provides targeted infrastructural and financial support to the investors. Over 70 thousand people received free land and now are building houses and farms on their ‘Far Eastern hectares’.
17 different countries invest in the Far East: China, Japan, the Republic of Korea, Australia, New Zealand, Vietnam, to name a few. Since 2014, nearly 32% of all direct foreign investment came to our region.
The Far East itself has expanded: Zabaikalsky Krai and the Republic of Buryatia joined the Far Eastern Federal District, while the Ministry for the Development of the Russian Far East now oversees an additional region: the Russian Arctic Zone.
When it comes to the social sphere, the ‘Unified Subsidy’ mechanism has provided existing measures with additional stimulus. 57 centres of economic growth have received funding for the construction of schools and nurseries, hospitals as well as medical and obstetric stations, cultural centres and sports facilities. These centres are home to over 80% of Far Easterners.
A fair amount of good work has been done. Economic growth in the FEFD exceeds 4%, which is two times greater than the Russian national average. However, we are now faced with another objective: increasing economic growth in the Russian Far East to 6% per year. We also must figure out how to improve the quality of life in the Russian Far East and in the Arctic so that it exceeds the Russian national average. These objectives have been set by the President of the Russian Federation Vladimir Putin.
Our goal is to make the Russian Far East more accessible to investors and comfortable for the people that live here, providing them with the confidence that their dreams will become a reality in the nearest future.
Many topics that were brought up at previous Forums ended up serving as the foundation for the development and passing of legislation, the implementation of new business support measures, and the improvement of the Far East’s social welfare. I am confident that this Forum will continue contributing to the open dialogue between businesses and authorities, experts and researchers, sociologists and demographers.
I would like to wish Forum guests and participants all the best. The Russian Far East is open for cooperation: we value each partner, every opinion and every initiative that helps develop our country!