Economist Day is observed in Russia on November 11 each year. This professional holiday was initiated by the Free Economic Society of Russia (VEO) and officially established by the Ministry of Economic Development in 2015. The date commemorates the founding of the Imperial Free Economic Society on November 11, 1765, by Catherine the Great to promote economic development in the country. The term "economist" in Russia encompasses both scientists in the field of economics and graduates working in various sectors such as marketing and finance. Prior to the establishment of this official holiday, Russian economists celebrated their profession unofficially on June 30. The holiday is significant for recognizing the contributions of economists to the nation's economy and fostering the development of applied economic thought.