Tiraspol, 18 May. /Novosti Pridnestrovya/. The Pridnestrovian government approved at today's meeting a list of by-laws necessary for the law "On state support for investment activities" to come into effect on 1 June.
The governmental decrees establish the procedure for implementing the principle of a single window for investors, the submission and consideration of applications for the provision of investment preferences and subsidies.
The government has also approved a regulation on an investment council under whose advice the government will sign investment agreements with businessmen and the framework agreement itself.
According to deputy prime minister Sergey Obolonik, who presented a report on these issues, the one-window principle will allow the investor to receive legal advice. In addition, the council will support entrepreneurs' interaction with other government agencies.
An investment subsidy of 10% of the total investment in fixed assets will be provided to enterprises implementing a priority investment project, provided that the entrepreneur invests no less than €200,000. The maximum amount of such a subsidy will be €100,000.
"Payment of the investment subsidy will be carried out after putting the production into operation in full, provided that the performance indicators established by the investment agreement are met," said Obolonik.
The investment council will consist of seven people, including three representatives from the government and the parliament each, and one from the central bank. Prime minister Alexander Martynov recalled that the council should be formed before the investment law comes into force.
