The Council of Ministers adopted a Decree amending and supplementing the Implementing Regulations to the Investment Promotion Act. The amendments incorporate the latest changes to the General Block Exemption Regulation, and the most recent amendments to the Investment Promotion Act.
These changes are intended to address investors’ needs by updating the requirements for investment projects in light of developments observed in the business environment. The amendments also aim to enhance the effectiveness of investment incentives and to ensure greater clarity and predictability in the incentive measures applied.
The amendments and supplements to the Implementing Regulations of the Investment Promotion Act will create opportunities to stimulate economic development and improve the business environment. They also create conditions for attracting new investment capital and fostering economic growth.
