Economic Forum in Krynica sometimes referred to as the "Eastern Davos". According to the organisers, the mission of the Economic Forum is to create a favorable climate for development of political and economic cooperation in Europe. The opinions of the Forum's speakers are often quoted by the international media and discussed by leading analysts. The Forum engages political, business and third sector leaders, i.a.: presidents, prime ministers, ministers, EU commissioners, parliamentarians, presidents of large companies, experts, as well as representatives of cultural institutions and media. The 26th edition of the Economic Forum in 2016 was attended by over 3,000 visitors from 60 countries in
St. Petersburg International Economic Forum economic system to be maintained. The ongoing global economic crisis had confirmed the need to abandon standard approaches and required collective, nontrivial solutions to be adopted. Forum participants discussed new approaches to understanding the future of international financial institutions, the prospects for development of the banking sector, the efficiency of measures taken by governments and other equally important issues. Special attention was paid to Russia's role in solving these problems. The Forum was attended by representatives of the world political and business elite, and leading economists and experts. What were the peculiarities of the situation in the economies and banking