Deputy prime minister reveals details about Investment Forum 2018

06/01/18 14:52

Deputy prime minister reveals details about Investment Forum 2018

In particular, its main concepts will be investment attractiveness, presentation of investment business plans, signing investment agreements

Tiraspol, 1 June. /Novosti Pridnestrovya/. Deputy Prime Minister Alexey Tsurkan spoke about the forthcoming Pridnestrovian International Investment Economic Forum (PMIEF) on Radio 1. He spoke both about the forum that took place in 2017 and about the innovations of this year's forum.

As noted by Alexey Tsyrkan, 2017 was a year of stabilisation and economic recovery, so that's what last year’s forum's programme was aimed at, the government's press service reports.

"The forum resulted in draft laws on tax administration and investment activities, as well as a draft law increasing the sphere of non-cash payments submitted to the Supreme Council by the government and a dual education mechanism, which has already come into force," noted Tsurkan.

The main concepts of the 2018 forum will be investment attractiveness, presentation of investment business plans and the signing of investment agreements.

The legislation, according to Tsurkan, is one of the first and important conditions to attract investors. A new law on state support for investment activities comes into force on 1 June. The minister explained the essence of the legislation, which provides major preferences for potential investors, including by providing tax benefits.

Investment maps are the second necessary aspect, according to Alexey Tsurkan. "[They are needed] to be able to identify potential investment sites, a plan for the development of the territory. This very week the government has been instructed by the president to work out a program for Pridnestrovie's development for 7-10 years. And all these aspects must be interrelated," he said.

The hosts asked Alexey Tsurkan about the St. Petersburg International Economic Forum, which finished a week ago. "We realized that we are quite on trend, that the problems existing in the Russian Federation and here are almost identical," he answered.

The minister also noted that some aspects of the Pridnestrovian investment law were only being discussed in Russia. He cited as an example a stabilization regime under which the state guarantees the investor when concluding a contract that the conditions of doing business will not deteriorate for 10 years.

"The forum is the right tool for cooperation between authorities, business and society. Because not only specific individual investment projects are considered at such venues, but sometimes the economic policy of the state is adjusted," stressed the minister.

By the way, not only foreign investors but also local entrepreneurs, as well as public authorities, the scientific community, etc., will be able to participate in the forum. The registration will start in the near future.

 

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