Russia Will Offer Incentives for Investment
OREANDA-NEWS The state intends to offer additional benefits to businessmen for investments, but provided that the amount of investments will not be less than one billion rubles. This is a new bill of the Ministry of Finance, which contains state guarantees to investors.
In particular, entrepreneurs will be provided with a five-year guarantee of constant prices for products charged, freezing of tax rates and fees for six years, as well as protection from administrative inspections. But the latter is possible only under the condition that the restriction of inspections will not affect the safety and health of people, as well as the labor rights of workers.
Benefits will be provided in the field of agriculture, processing and liquefying gas, electricity production, garbage collection and processing, tourism, information technology.
There will be new criteria for evaluating the effectiveness of projects that have received state support. The budget, economic and social results will be taken as a basis. Priority will be given to those projects that will create conditions for employment, growth of high technologies and investments.
Earlier News.ru reported that the Russian company towns gained another chance for renewal and a way out of permanent crisis. The Fund for the development of single-industry towns submitted to the Ministry of economic development on January, 20 a new passport program to support these settlements, many of which for decades are in oblivion and desolation. The Fund, according to its Head Irina Makieva, received about three thousand proposals for the formation of a support program.
The document improves the incentives for investment proposed by the Ministry of Finance at the end of last year.
The main change is a lower threshold for entering into a special agreement with the state, which guarantees the stability of the fiscal burden for six years.
Earlier, Russian President Vladimir Putin instructed to increase the share of investment in GDP to 25%.