Parliamentarians partake in Donetsk International Investment Forum section

On October 29, within the Donetsk International Investment Forum section “Formation of a Favourable Investment Environment: Problems and Prospects,” DPR People’s Council Chairman Vladimir Bidyovka, People’s Council Deputy Chairman Olga Makeyeva, deputies Marina Zheinova and Roman Lepa listened to the participants’ presentations and showcased their vision of economic development.

Parliamentary Speaker, in a comment to the press service of the People’s Council, focused on the fact that today a number of agreements have been signed and substantive initiatives have been expressed from participants from neighbouring states.

“Today, economy development is one of the priority tasks for the Donetsk People’s Republic. Without a doubt, attracting investment will play a significant role in this process, and holding a forum is a launching platform that allows outlining particular areas of work.

Having been to the plenary session and the section, I can say that not only the main vectors of work have been set, but the first concrete actions have already been taken – a number of agreements have been signed and substantive initiatives have been expressed from participants from neighbouring states. I am sure that a new stage of development has begun for the Donetsk People’s Republic, because the state really goes have tremendous potential,” Vladimir Bidyovka noted.

Presenting a report, Marina Zheinova spoke about the elaboration of mechanisms within the relevant committee that would contribute to the economic growth of the Republic.

“In order to effectively invite funds to the Donetsk People’s Republic and improve the investment environment, it is necessary to have an appropriate legislative mechanism, managerial decisions on the part of the state leadership, as well as institutional reforms, which will allow us achieve high rates of economic growth in the Donetsk People’s Republic.

In order to create a favourable investment climate, the DPR Ministry of Economic Development has developed a number of regulatory legal acts. For instance, draft laws “On Investment Activities”, “On Socio-Economic Partnership”, “On Foreign Investments in the Donetsk People’s Republic” and so on.

On top of that, the Committee is working on a draft law on state support for investment projects aimed at regulating relations in the field of investment activity in the territory of the Donetsk People’s Republic, which provides for measures of state support for investment projects,” the MP said.

We shall recall that today, the investment forum aimed at improving the investment climate and developing external economic and business ties has launched. The event has been attended by representatives of 17 countries, including Russia, the USA, Syria, France, Turkey, Iran, Egypt, and Abkhazia.

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