21.08, 14:30 As final preparations are made ahead of the APEC Summit on Russky Island, off the coast of Vladivostok in the Russian Far East, members of the international staff engaged during the annual gathering might end up with nothing to wear.
29.08, 17:11 North Korea reportedly wants to participate in the Asia-Pacific Economic Cooperation (APEC) summit in the Russian city of Vladivostok which kicks off on September 2.
13.11.2011, 17:10 Although the APEC summit in Honolulu is only into its first day, the Russian and American presidents have already addressed several crucial aspects of the current politico-economic landscape, outlining the major trends of the 21st century.
Eurozone crisis US debt crisis
03.08, 15:58 Seven companies are to invest over $625 million in building a gambling area in Russia’s Primorsky Territory in the Far East. The area includes the city of Vladivostok which has been undergoing a facelift ahead of the APEC summit which will be held there i
Published: 02 September, 2012, 22:44
Asia-Pacific Economic Cooperation (APEC) forum under the chairmanship of the Russian Federation. APEC Senior Officials Meeting (RIA Novosti/Alexey Filippov)TAGS: Russia, Economy, APEC 2012 This year's Asia-Pacific Economic Cooperation summit has started in Russia's far east. It's Russia's first time hosting the meeting of the organization, which includes 21 nations from the Asia-Pacific region.
On Sunday, a meeting of senior officials opened the 2012 APEC summit, which is underway on Russky Island, in the city of Vladivostok.
“I’m really pleased to welcome you to the beautiful city of Vladivostok. We are now at Russky Island, where our leaders will get together in just under one week,” Igor Morgulov, a Russian deputy foreign minister, said at the opening of the meeting.
Morgulov urged the participants to work productively during the week, so that everything would be in order for the meeting of the APEC nations' leaders on September 8-9.
The bloc's International Youth Forum also started its work on Sunday. The forum brings together participants from the US, Canada, Australia, New Zealand, China, Korea, Japan, Russia and other countries.
During the three-day get-together, young scientists, students, businessmen and politicians will discuss the most topical problems of Asia-Pacific region and will try to hammer out solutions for them.
Some 10,000 guests are expected to visit Vladivostok during the summit week to discuss pressing economic and political issues.
Russia, an APEC member since 1998, has been prepping hard for the event. The summit's budget is estimated at 700 billion rubles (approximately $21.75 billion), including 200 billion rubles (approximately $6 billion) from the federal budget.
A brand new complex of buildings was built on Russky Island to accommodate guests and to house summit events. The complex has the infrastructure of a luxury resort and includes tennis courts, water falls and fountains.
The island itself was connected with the mainland by two new bridges unique to Russia, where no cable bridge of such length had ever been built before.
The APEC summit begins a string of large-scale international events in Russia in coming years. In 2014 the country will host the Winter Olympics in the Black Sea resort town Sochi, and in 2018, the World Football Championship.
31.08, 20:05 Japanese electronics company Sharp has not yet started to mass produce screens for Apple’s next iPhone, even though its 12 days away from hitting the market, according to reports. The supplier’s credit rating was cut by S&P to ‘junk’.
Today: 09:23 Russian stocks are likely to begin September by posting gains, amid renewed hopes for a new round of stimulus in the US and climbing oil prices.
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