MOSCOW, 15 March – RIA Novosti. The government plans to amend the investment protection regime to launch a “new investment cycle,” RBC reports.
According to the newspaper, the government is preparing an investment growth program called “New Investment Cycle”.
Sources close to the government told about the development of four projects. We are talking about making regulatory changes to the regime of agreements on the protection and promotion of investments (SZPK), reengineering the rules of industrial construction, creating conditions for investment projects in the regions, as well as affordable finance for investment projects.
“The legislation on SZPK will be amended, in particular, they will expand the composition of costs reimbursed to businesses as part of the implementation of investment projects. This is called cashback,” a source close to the publication explained.
It is noted that the proposed changes will be aimed at medium and large businesses.
Earlier, Russian Prime Minister Mikhail Mishustin announced his intention to launch a new investment cycle in order to increase the number of jobs with decent wages.