MOSCOW, January 14. /TASS/. Russia’s government plans to broaden the use of investment agreements undertaking mechanism, Prime Minister Mikhail Mishustin said in a video address to participants of the Gaidar Forum on Thursday.
The authorities plan to launch a new investment cycle "in a move to increase the number of well-paid jobs," he noted. Particularly, the mechanism of investment agreements undertaking has been launched within the framework of the law on protection and encouragement of capital investment. In 2020, 25 such agreements were concluded in the chemical industry, transport, energy and healthcare sector. The total number of investments in those projects exceeded 1 trillion rubles ($13.6 bln), with more than 20,000 jobs planned to be created for their implementation.
"We plan to broaden the use of that mechanism in the future, shift to making agreements in electronic format using the state information system, expand access to that instrument for business," he said, adding that the cabinet plans "to increase attractiveness and efficiency of entrepreneurship, introduce friendly tax regimes, reduce the administrative burden and develop infrastructure."
The Gaidar Forum in an annual international research and practical conference in the economic field that has been held since 2010. It brings together renowned experts, government representatives, public and political figures, and business leaders from different countries. The event is traditionally co-organized by the Russian Presidential Academy of National Economy and Public Administration, the Gaidar Institute for Economic Policy, and the Association of Innovative Regions of Russia (AIRR). TASS is a general information partner of the forum.