Vladivostok: The second Eastern Economic Forum (EEF) opened on Friday in the Russian city of Vladivostok, with 2,500 guests and investors from 28 countries attending.

Deputy Prime Minister of Russia Yury Trutnev welcomed everybody at the opening ceremony of the EEF and named its main goal as “attracting investment to the Russian Far East region and creating new economic projects”, Xinhua news agency reported.

Top managers from 200 Russian and 57 foreign companies from 28 countries joined the EEF to explore more opportunities for economic cooperation.

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The Ministry for Development of the Russian Far East expected 200 agreements, worth about 1.7 trillion rubles (about $2.5 billion), to be signed at the forum.

“It’s our job to provide simplified administrative procedures and assistance with the projects. The Russian Far East region can offer the best conditions for investors who want to work here,” the ministry said.

Russian President Vladimir Putin invited his South Korean counterpart Park Geun-hye and Japanese Prime Minister Shinzo Abe to the forum and is expected to meet them on the sidelines of the EEF.

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