Defense Ministry reports on Russian army's 2016 picksMilitary & Defense May 24, 11:32
Russia, US discuss Syrian conflict in round-the-clock mode — defense ministerRussian Politics & Diplomacy May 24, 11:01
Russia ready to help countries affected by terrorism in their probe — security chiefRussian Politics & Diplomacy May 24, 10:39
Defense chief names strategically important regions for RussiaRussian Politics & Diplomacy May 24, 10:29
Russian defense contractor develops domestic air traffic control systemMilitary & Defense May 24, 9:45
New radar system enters combat duty in Russia’s Far EastMilitary & Defense May 24, 9:24
Language quotas for Ukraine’s TV will only fuel tensions — media groupSociety & Culture May 24, 8:49
Syrian troops repel militant attack west of Palmyra — mediaWorld May 24, 8:08
Foreign businesses lack state guarantees for their investment in RussiaBusiness & Economy May 24, 7:55
ASTANA, February 20 (Itar-Tass) — On Monday Kazakh President Nursultan Nazarbayev signed amendments to the investment legislation.
“The document is aimed at bringing the legislation in conformity with Kazakhstan’s international agreements as well as at an improvement of investment climate conditions,” the presidential press service said.
In particular, under the law technological equipment, components and spare parts for it as well as raw materials and materials imported solely to be used in Kazakhstan – participant in the Customs Union, will be exempted from customs duties within the framework of the investment project's implementation.
Enterprises can be exempt for the period of three to five years from customs duties on imports of raw materials and materials for investment projects. Concrete terms of the preferences will be determined depending on the amount of investment in fixed assets.
Earlier, Kazakh Minister for Industry and New Technologies Aset Isekeshev reported that Kazakhstan intended to intensify work to attract investments in processing industries. He noted that “competition for investment escalates with regard to a difficult situation on the global markets as well as on the regional level”.