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The bill on the Territories of advanced development is signed and sent to the State Duma - Medvedev

The draft law on the Territories of advanced development was signed and sent to the State Duma. This was announced by 15 October at a meeting in Moscow, Russian Prime Minister Dmitry Medvedev.

"XI would like to inform you that today I have signed and sent to the State Duma another initiative - this is a law that regulates the specifics of doing business in certain territories, the so-called law on TOP - territories of advanced development. It has been finalized, although there are also a lot of questions on it. Probably, they will be discussed during the consideration of this bill in the State Duma, ”said the head of government.

“For the first three years, the law will be applied in the Far East, and then in other constituent entities of the Federation,” - explained head мFar East development ministries Alexander Galushka within the government hour in the State Duma. It the also told to deputies about the key ideas of the draft law on TOR:м deregulationи and taxм stimulatingи. He elaborated on the principles of selection and implementation of investment projects in the Far East, citing as an example the Chukotka Autonomous Region, where industrial production due to the implementation of two projects increased by 187 percent in the first half of 2014, According to the press service of the Ministry. 

Photo: Press Service of the Government of the Russian Federation
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