ST.-PETERSBURG HAS DEVELOPED THE LAW ON INVESTMENTS.
ST.-PETERSBURG HAS DEVELOPED THE LAW ON INVESTMENTS.
St.-Petersburg, on November, 20th. A/PRIME-TASS/. The main things
Problems of the investment concept of St.-Petersburg become
Decrease in investment risks and increase in the tax
Receipts, the head of department of preparation has declared
investproektov KUGI Cyril Androsov on Wednesday at a meeting
Heads KUGI with members St.-Petersburg
Associations of joint ventures where have been presented
The basic directions of the project of the city law about
Investments.
As he said, this document is supposed to be accepted
On Legislative Assembly of St.-Petersburg not later
The beginnings of February of the next year. Except the law, legal base
Strategy of investment development of a city will be
It is supported by a number of orders of the governor.
Primary factors of investment risks in a city,
K.Androsov has told, are "opacity"
Potential objects of capital investments, state
Bureaucracy and kriminogennaja conditions. The law will be
It urged to protect investors from influence of these
Circumstances. The basic indicator of efficiency
Projects, he has noted, for the government of St.-Petersburg
There will be "a gain of tax revenues". If the investor,
Considers K.Androsov, promotes napolnjaemosti the budget,
It means solves social problems, and therefore has the right
- Support of the city authorities.
The Vice-governor of St.-Petersburg, chairman KUGI
Herman Gref has declared at a meeting, that the city is intended partially
To compensate expenses of investors in obviously
Unprofitable projects. Will receive besides,
The grants of the enterprise which are engaged socially significant
Activity - for example, creation of new workplaces,
Development of education, public health services or a network of the cheap
Hotels. "According to our concept, - has noted
G.Gref, - a city will annually reconsider lists
Priority investment directions. These
Investments will be stimulated with administration. "
The city guarantee fund, has told the vice-governor,
Will make in 1998 900 mlrd rub, thus Sankt -
Petersburg will guarantee no more than 20-30 percents from
Project costs. According to G.Gref, guarantees will be
To be given under conditions high social
The importance and "good prospects of a recoupment". KUGI
Suggests to create in structure of the city government
Uniform investment committee which will be engaged
Studying of projects and removal of decisions on guarantees and
To city guarantees. Has besides, told vitse -
The governor, in a city the system of certification will be created and
Licensings of establishments and experts in examination and
To estimation of investment projects, and as the deprivation mechanism
Corresponding certificates and licences.
G.Gref as has informed participants of a meeting, that the Law
About investments in St.-Petersburg will stimulate
Only straight lines, instead of portfelnye investments. "The following
Our step, - he has told, - there is a concept working out
Developments of the city share market which will be
One of the nearest sessions of the government is devoted Sankt -
Petersburg ". - 0 - dk/oa
//* an information Source: the Prime-TASS, 20.11.97
//* Reg. Nom. - 6071100173.24-------------------------------------------
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