Draft law amendments on investment climate improvement to be presented to Parliament in July - MEBP

Date: 04:05, 04-05-2014.

Astana. May 4. KazTAG - Draft law amendments on investment climate improvement will be presented to the Parliament in July, said Yerbolat Dosayev, Minister of Economy and Budget Planning.

"We expect creation of a new investment packet which will be presented to the Parliament for ratification in July," he said.

Dosayev had declared before the amendments would be presented to the Parliament until June 1 2014.

He said a complex plan for investment climate improvement is being developed in Kazakhstan which stipulates a number of measures-  investment initiatives aimed to create more favorable conditions for foreign investors.

"It will give rights for foreign investors to attract foreign work power for the whole period of investment project implementation and for one year after an object is put in operation without quotas and permits for attraction of foreign work power," he said.

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