The Government signed 4 contracts with foreign investors last year

06/24/20 18:41

The Government signed 4 contracts with foreign investors last year

The total investment amounted to 5.8 million euros

Tiraspol, June 24 ./Novosti Pridnestrovya/. Last year, the Government signed 4 investment agreements totaling 5.8 million euros. Another agreement is being prepared for signing, the press service of the Government reports.

At a plenary meeting of the Supreme Council, the head of the Government Alexander Martynov has summed up the implementation of the Law of the PMR ''On State Support for Investments''. He said that during the year the Government worked out more than 30 potential investment projects. An investment agreement has been signed on the project ''Processing of metallurgical waste''. The equipment has already been commissioned, production has been launched.

To popularize investment legislation, specialists of the Investment Agency of Pridnestrovie in 2019 took part in various events in Russia and the countries of the European Union. A business mission of 50 Italian companies was invited to Pridnestrovie. Also in the Republic, it was held the Pridnestrovian International Investment Economic Forum.

Last year, the Government also continued to implement the project ''Trade House of Pridnestrovie''. Within this project, it was organized a permanent exhibition of goods and products of Pridnestrovian producers.

Recall that in 2018, the Supreme Council adopted the Law ''On State Support for Investment Activities''. The document provides for the exemption of investors from paying a number of taxes – on income, on land, as well as from income tax on dividends of shareholders. The duration of preferences and benefits will depend on the amount of the investments. Another measure of support is state subsidies, which allow entrepreneurs to return 10% of the funds invested in construction and installation work and the purchase of equipment.

 

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