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
Yalta International Economic Forum forum is attended by Russian government officials, international experts, Russian business people and economists, as well as representatives of business organisations and other thinkers. One theme of the forums discussions, is the focus on diversification from Energy and boosting competitiveness of the Russian economy. In August 2015 the Yalta International Economic Forum Foundation was established by the Ministry of Justice in the Republic of Crimea, with assistance by the Council of Ministers of the Republic along with support by the Russian Presidential Administration. The first forum was held in 2015, which was considered a success by participants and the Foundation,