Good business without politics: Pridnestrovian proposal to the foreign investors

Presentation of economic opportunities and new investment law of Pridnestrovie took place in Tiraspol. The President of PMR, Vadim Krasnoselsky, Prime Minister of PMR Alexander Martinov, Deputy Prime Minister –Minister of Economic Development, Sergey Obolonik, Minister for Foreign Affairs of PMR Vitaliy Ignatev, Chairman of the Supreme Council, Alexandr Shcherba and other representatives of the Government of the Republic and foreign diplomats attended the event.

Geography of the forum participants organized by Pridnestrovie was wide. It included participants from Russia, Belarus, Austria, France, Italy, the Czech Republic, Slovakia, Hungary, Poland, Sweden, Latvia, Lithuania, the Great Britain, Romania, Ukraine, FRG, Turkey, and Bulgaria. The main goal of the visit was to get to know an investment climate of the Republic. The program of a visit was rich. An international discussion was held at the Pridnestrovian State University named after Taras Shevchenko. Foreign guests presented the culture and traditions of their countries to the students-linguists. Today the President of PMR, Vadim Krasnoselsky, told about the value of this opportunity and special attitude of Pridnestrovians to the culture of different countries. While welcoming ambassadors from different countries in the business center “Russia”, the head of Pridnestrovie pointed out that there live representatives of 72 nationalities, and all of them are respected and honored. The President of PMR expressed confidence that opportunities for multinational and international humanitarian, educational, cultural cooperation are endless. Also following Vadim Krasnoselsky, economic contacts are promising and mutually rewarding.

In particular, much attention was given to the PMR law on state investments support, which has already come into force. New investment law is focused on the support and investors’ interest’s protection, which invest in the Pidnestrovian economy, state guarantees, preferences and start of modern mechanisms which meet the requirements of the time and business. Among the most noteworthy aspects are provision of in-kind grants , “one-stop-shop” approach, practice of signing investment agreements and creation of Investment Council under the Government of PMR, including representatives of legislative and executive powers for its transparent work, and Pridnestrovian Republican Bank. Presentation pointed out that integrated approach, simplified cooperation procedure, transparency and tendency to mutually beneficial cooperation are intended to improve investment climate of the Republic and effectively use its economic potential. After addressing appreciation to the foreign diplomats for visiting Pridnestrovie and introducing them current status of the Pridnestrovian investment climate, the hosts expressed readiness to hold a meeting with potential business partners during which detailed information about benefits and guarantees of Pridnestrovian investment policy will be provided to the representatives of business community of foreign countries.