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EAO agreements at WEF-2017 were aimed at developing the financial market - EastRussia | Far East

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EAO agreements on WEF-2017 were aimed at developing the financial market

The agreements signed by the Jewish Autonomous Region at the III Eastern Economic Forum (WEF-2017) will help develop services in the banking sector and the financial market, said Governor Alexander Levintal. Commenting on the results of the forum, he stressed the importance of agreements, first of all, for business and recipients of the “Far Eastern hectare”, as well as for investment programs of state enterprises in priority sectors of the economy.

In particular, an agreement was signed with the Association of Financial Market Participants "Noncommercial Partnership for the Development of the RTS Financial Market" on the promotion of the "Voskhod" investment system among potential issuers and investors in the EAO territory. The parties agreed to carry out joint measures to attract projects of Russian and foreign investments in the region, implemented using the exchange instruments of the "Voskhod" system. "A business that works in the region or plans to visit our region will provide an additional tool for attracting investment resources to its projects, and this will ultimately work to improve the investment climate. The new financing mechanism will be able to work alongside existing banking and other services, allowing entrepreneurs to find additional sources of financing for their projects, "the press service of the Ministry for Economic Development quoted Alexander Levintal as saying.

The governor also stressed that the WEF-2017 once again showed the consistent policy of the state in relation to the Far East. "The Eastern Economic Forum once again convincingly showed: President Vladimir Putin consistently builds and directs domestic policy towards the Far East. This is evidenced by his exactingness to officials to carry out the assignment on observance of special "Far Eastern" sections in federal programs, as discussed at the meeting of the State Council Presidium in Vladivostok. According to the President, special mechanisms launched in the Far East open new opportunities for Russian and foreign investors to enter the macro region, and as a result, the growth of industrial production and GRP in the Far Eastern regions is outstripping the average Russian indicators, "the head of the EAO cited.

At VEF-2017 217 agreements are concluded for the amount of about 2,5 trillion rubles. The implementation of these agreements will create 68 thousand jobs. Within the framework of the business program of the Forum, more than 80 sessions of different formats were held.