Vladimir Bidyovka: Parliament is working on laws that will contribute to development of business in Republic

The People’s Council is developing a number of draft laws with the involvement of various ministries and departments of the Republic on the implementation of legislative measures to promote investment flows. This was stated by the Chairman of the DPR’s People’s Council Vladimir Bidyovka in an interview to the Donetsk News Agency.

ʺWe are working with the involvement of various ministries and agencies of the Republic in this direction [promotion of investment flows]. For this purpose, we have started active development of a draft law “On investment activity”, we hope that we will adopt it at the spring session.

Work to improve investment climate and the development of entrepreneurship includes measures to reduce state control over business in terms of reducing the number of regulatory authorities and grounds for inspections; development of a Law “On Financial lease”; amendments to a DPR’s Law “On public-private and municipal-private partnership”, which may affect the expansion of a list of investment activities; ensuring an effective system of payments and settlements.

The adoption of these laws will make life easier for business in the Republic and make the DPR more attractive for foreign investment. In today’s environment, we simply have to go in that direction,ʺ Vladimir Bidyovka said.

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