New wave of investments planned in Kazakhstan - MEBP

Date: 11:04, 14-04-2014.

Astana. April 14. KazTAG - A new wave of investments is expected in Kazakhstan, said Yerbolat Dosayev, Minister of Economy and Budget Planning.

"A draft law on investment climate perfection will be presented to the Parliament in June 2014, it stipulates a new format of investment contracts with appropriate state support measures," he said.

The law also stipulates compensation to 30% of investment expenses from the side of the state after a project launch in exploitation, long term order for goods and services of investor from the side of the national holdings and companies. A principle of legislation stability for 10 years in the tax and ecological fields will be introduced as well as forecasted long-term tariff.

"One window principle on the base of the committee of investments of the Ministry of Industry and New Technologies will be introduced as well as the institute of investments ombudsman," he said.

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