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 totaling 500 billion roubles. The Forum was held on June 17–19, 1998 under the auspices of the Inter-parliamentary Assembly of CIS Member States and the Federation Council of the Federal Assembly of the Russian Federation. The Forum, held as an annual event for the first time, was attended by some 2,600 people, including leaders of CIS member-states, and representatives of 36 major international organizations, including the Council of Europe, the United Nations, and UNESCO. In addition, the Forum was attended by prominent Russian scholars, as well as heads of Russian and international private financial institutions. During the Forum, 700 investment