On March 31, during the parliamentary hearings devoted to drawing up the concept of a draft law regulating investment activities, DPR People’s Council deputy Marina Zheynova presented the draft Law On Investment Policy and State Support of Investment Activities in the Donetsk People’s Republic.
“The matter of drawing up a basic fundamental law governing investment activities in the Donetsk People’s Republic has emerged full blown within the objectives related to the improvement of legislation aimed at facilitating the investment climate in the Republic, which the Head of the DPR set following the results of the Donetsk International Investment Forum.
The need for a special law stems from the lack of systematic rules in the legislation of the Republic that would regulate the order and conditions for providing government support to investors, as well as the criteria for selecting investment projects in the Donetsk People’s Republic,” Marina Zheynova said.
“When passed, the draft law will facilitate the preservation and accruement of investment activities in the Republic, it will bring more physical and financial resources to the state economy and facilitate entrepreneurial activity, diversify the industrial composition, its competitiveness, and will achieve a positive social effect out of investments. The draft law is aimed at creating favorable conditions for the implementation of investment projects in the Republic, brining managerial experience into the economy and social sphere of the Republic, generating more jobs, as well as increasing the taxation base and revenues to the Budget of the Donetsk People’s Republic,” the deputy added.