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Area where the countries with market economy and the international organisations can
To render the serious help both at the Agency organisation, and in
Financing of its activity.
Problems in the field of the legislation
In the end the 1998-beginning of 1999 laws "About agreements have come into force about
Production section (it) "," About investment activity "," About the foreign
Investments into the Russian Federation ", in the first reading the law has been passed about
Free economic zones, the bill is introduced by the Government in the Duma about
Amendments to the law on bowels. It has created a certain illusion of well-being in
Development of process of attraction of foreign investments. Meanwhile
Imperfection of the accepted laws, illegibility and inconsistency
Formation of the legal base necessary for attraction of the foreign
The law on investment activity practically does not bring anything new
In the Russian legislation and hardly will have appreciable influence on
Inflow of the foreign capital to Russia.
The law on foreign investments on a number of positions is step back
In comparison with the previous law of 1991. It conceptually friable,
Contains many contradictions and discrepancies, it positions. According to
It are given to the privilege law only to priority projects (large
Investment projects with considerable foreign participation) irrespective of
Spheres of application of investments. However in this case privileges it would be possible
To use not only for stimulation of volume of investments, but also inflow
The capital investments providing technical progress in the Russian
In the privilege Law are provided only concerning the customs duties. Between
Practice of many countries has proved those efficiency of such tool, as
Tax vacation, and other tax privileges.
The law actually liquidates the high-grade stabilisation reservation
(Non-distribution on foreign investors of adverse changes in
The legislation - "the grand-dad's reservation"). As it stands the stabilisation
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