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The Volume Of Investments In The Far Eastern Federal District In The First Half Of 2017 Increased By 20%

 September 7, 2017, the plenary session of the Eastern Economic Forum was held. At its opening, the President of the Russian Federation, Vladimir Putin, made a welcoming speech The head of state outlined the prospects for cooperation in the Far East and Russia's approaches to regional economic integration, including in the context of the creation of the Eurasian space. The event was attended by the Minister of Industry and Trade of the Russian Federation Denis Manturov.

Vladimir Putin noted the growing interest of the world community towards the Eastern Economic Forum. According to him, this year's event was attended by guests from more than 60 countries. He stressed that the dynamic growth and renewal of the Far East is an important part of the strategy to increase the competitiveness of the country and its economy.

The president said that over the past 4 years, 19 federal laws have been adopted to work to raise the region. The existing legislative base makes it possible to improve the effectiveness of special mechanisms launched in the Far East. Thus, the creation of territories for advanced development and the receipt of the port-free status of the free port of Vladivostok has opened up new opportunities for Russian and foreign investors to enter the macro region, which allowed to accelerate the launch of projects and reduce the costs of their implementation.

The results are: over the past three years, the growth of industrial production in the Far East has outpaced average growth, the average growth rates for the Russian Federation are 8.6 percent. The gross regional product grew by 4.2 percent. In the current year of 2017, the dynamics are positive, moreover, growing. So, investments in fixed assets for the first half of the year increased by almost 20 percent

the President shared.

As examples of the region's development, Vladimir Putin cited major projects, such as the Zvezda shipbuilding complex in Primorsky Krai and the gas chemistry cluster in the Amur region.

Within the framework of the current forum, a package of cooperation agreements has also been signed, and Vladimir Putin expressed the hope that the plans and investment solutions under discussion will become successful enterprises, factories and infrastructure and will help create new jobs and improve the quality of life in the region.

Together with the development of the Northern Sea Route, modernization of the Baikal-Amur Mainline and Transsib, and the implementation of other projects, all this will make the Russian Far East one of the most important logistics centers in the world, " said the Russian leader.

He stressed that the Russian side is committed to deepening investment, trade, financial ties with all partners, both from the eastern and the western shores of the Pacific Ocean. Within the framework of work to increase the investment attractiveness of the territories of priority development and the free port of Vladivostok, a number of stimulating measures were adopted.

 "I suggest that for foreign investors who invest 10 or more 10 million dollars in the Far East, to provide for a simplified procedure for granting Russian citizenship, " said Vladimir Putin.

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