The Yalta International Economic Forum (YIEF) is an annual business event held in the Crimea (Yalta). Along with the Petersburg International Economic Forum, the Eastern Economic Forum and the Sochi Investment Forum it is one of the four biggest economic forum held in Russia. The forum is sponsored by the Government of the Republic of Crimea and the Yalta International Economic Forum Fund with the support of the Administration of the President of the Russian Federation.
The YIEF has established itself as an effective international venue for discussing socio-economic development issues with a topical agenda that addresses the modern challenges facing the world economy.
Each year the Forum is attended by high-level Russian government officials, international experts, influential international and Russian businesspeople and economists, representatives of major business organisations and other opinion leaders.
An important YIEF focus is the search for ground-breaking approaches and instruments to solve the tasks of social and economic development and discussion of the best world business practices. The discussions are built around the search for answers to modern challenges spanning a wide range of topics: the creation of a competitive, diversified modern market economy that does not depend on the export of natural resources, effective interaction between business and government, the development of competitive innovative production and modern technologies, tapping the human potential, and support of small and medium-sized businesses. International and inter-regional cooperation also looms large on the agenda.
The YIEF is the main showcase of investment opportunities and the investment potential of the Crimea. An important feature of the region is that it is the only Free Economic Zone on the territory of the Crimean Federal District. An exhibition of the CFD investment projects is a permanent feature of the YIEF. Would-be investors have a chance to talk with officials, including the head of the Republic of Crimea, Sergei Aksyonov, who chairs the YIEF Organising Committee. By tradition, the third day of the Forum is devoted to meetings between the regional government representatives and the business community.
More than 2200 people took part in the YIEF-2017, including 200 foreign participants from 46 countries. The biggest delegation of the Forum was from Italy – more than 50 people represented it.
The Programme of the YIEF-2017 featured 35 business events: 25 topical discussions, grand session on construction development and key event of the Forum – the Plenary Session, divided into 3 blocks: “World”, “Country” and “Human”. The part “World” was devoted to analyzing economic environment in Russia through the eyes of international businesspersons. Participants of the Plenary session considered the place of Russia in the world economy, collaboration experience with the RF as business partners and discussed opportunities for foreign investors in Russia.
Block “Country” featured outlook of an innovative economy formation in Russia, complying with demands of future. “Human” part disclosed social and environmental issues.
Agreement and memorandums on the total sum of 100 billion rubles were concluded within the YIEF-2017.
YIEF-2017, which took place on April 14-16, 2016 was attended by 1100 people: politicians, business community and economic experts. Among them, there were 70 foreign participants from 26 countries.
II YIEF resulted in 12 investment agreements for the total of 70 billion rubles and a new security mechanism for foreign investors, willing to work in Crimea. The biggest investment agreement in the newest history of Crimea was concluded on the sidelines of the Forum – on construction of a new airport terminal building in Simferopol international airport. The sum of investments is about 32 billion rubles.
600 people attended YIEF-2016 from 13 countries of the world. 5 new residents of free trade area of the Republic of Crimea and Sevastopol were declared within the Forum. The participants of the Forum also reached the agreements on receiving residential status for 33 subjects. The number of a free trade area reached 850.