22 January 2016

    The Roscongress Foundation appointed the operator in charge of organizing and conducting the Forum.

    The regional administration said last Friday they were expecting at least 3,500 participants in the second Eastern Economic Forum to be held in Vladivostok in September. “The second Eastern Economic Forum in Vladivostok is expected to gather at least 3,500 attendees this year from among representatives of the global business community interested in cooperation with Russian companies and the development of Russia’s Far East, foreign governments, business associations and the expert community. Russian participants will include officials from both chambers of the Federal Assembly, federal departments and agencies and regional leaders,” the announcement said. Vladivostok’s hotels can offer some 5,000 rooms, so hotels will be selected on a competitive basis to supply the required 3,500. The Roscongress Foundation, which organizes the St. Petersburg International Economic Forum, the Asia-Pacific Economic CooperationForum and the Asia Pacific Parliamentary Forum inVladivostok, has been appointed operator in charge of organizing and conducting the Forum. Because of oversubscription, the first Eastern Economic Forum was unable to receive all those who wished to participate. Trutnev has promised to increase Vladivostok’s accommodation capabilities in time for the next Forum and to build more hotels. In particular, the regional government said in the autumn of 2015 that they intended to commission one of the two five-star Hyatt hotels on the Korabelnaya Embankment that had notbeen completed in time for the 2012 APEC Summit. More than 2,500 participants attended the first Eastern Economic Forum in Vladivostok in September 2015. According to the regional government, the total revenues from visitors amounted to more than RUB 250 m, as they spent money on meals, accommodation, transport, souvenirs and sightseeing tours. Thirty-two official foreign delegations attended the Forum. More than half the attendees were representatives of major multinational corporations. Over 80 major investment contracts worth more than RUB 1.3 trnwere signed at the first Eastern Economic Forum. The total investment as a result of the 22 agreements signed by the PrimorskyRegionhas amounted to RUB 100 bn.

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