Emelianenko-Mitrione bout postponed due to American’s illnessSport February 19, 4:06
OSCE unable to identify perpetrators of cyber attacks against it - secretary generalWorld February 19, 4:02
Russian biathletes win gold in relay at 2017 IBU World Championships in AustriaSport February 18, 18:30
Putin signs decree on recognition of documents given to Donbass peopleRussian Politics & Diplomacy February 18, 17:26
Sberbank CEO says no repeat of crisis in the short termBusiness & Economy February 18, 17:24
Judging by certain statements at Munich Conference, "cold war" is still not over — LavrovRussian Politics & Diplomacy February 18, 15:19
Bout’s lawyers will challenge Court of Appeals’ decision in Supreme Court on February 21Russian Politics & Diplomacy February 18, 7:16
Turkish Minister reproaches NATO for not fulfilling obligations on its south-eastern flankWorld February 18, 7:12
Moody's upgrades outlook on Russia’s sovereign rating to stable from negativeBusiness & Economy February 18, 2:37
MOSCOW, December 19. /TASS/. The Russian government presented to the State Duma (parliament’s lower house) a bill on organisation of a special economic zone in Russia’s westernmost Kaliningrad region, the government’s site reported on Saturday.
The bill suggests lowering to 50 million roubles (about $705,000) the lowest requirement for necessary investments to obtain the status of a special economic zone in recreation, processing, fishery and agriculture.
Another new provision reads that investors, who invest at least 150 million roubles (more than two million U.S. dollars) within first three years of a project, will not be liable for the income tax within first six calendar years and will enjoy a 50% discount on the tax for another following six years.
Since 2014, the Kaliningrad region develops the tourist-recreational clusters to make them growth points in the region and of the inter-regional cooperation; small and medium businesses have been growing, too. The plans are to build recreational facilities, which will become anchor investment projects. Initial investments in facilities of the kind usually are from 30 million roubles (about $423,000).