News

19 April 2018, 18:46

Business

LPR to amend legislation to attract investors - Pasechnik

LUGANSK, April 19 (Lugansk Media Centre) - The Lugansk People’s Republic Economic Development Ministry is drawing new legislation which will help attract investors, said acting LPR Head Leonid Pasechnik during the discussion of the Republic’s five-year socio-economic development programme on Thursday.

On March 14, Pasechnik said at a session of the Mir Luganschine Republican Council that LPR residents would be able to participate in working out the Republic’s five-year socio-economic development programme and offered Mir Luganschine to arrange a broad public discussion.

The Economic Development Ministry is currently revising effective laws and preparing new legislative groundwork to create a friendlier environment for investors,” he said.

It will certainly provide guarantees and environment for our investors who might want to come to the LPR,” he said. “Of course we are well aware of the difficulties our territory is experiencing, so attracting investors here is not easy. However, we have to work towards an economic upturn and one of the ways is to attract funds from external sources.”

LPR residents can phone hotlines or visit the Mir Luganschine website to bring forward their proposals concerning the programme. They are also welcome to present them at all Mir Luganschine executive committees across the Republic.

Mir Luganschine is the largest social movement in the LPR numbering more than 101,000 members. It was established before the election to LPR People’s Council on November 2, 2014. The Mir Luganschine candidates won 69.42 percent of votes finishing first in the election. Acting LPR head Leonid Pasechnik was unanimously elected chairman of the movement at its 3rd Republican Congress on February 17.

LuganskMediaCentre — 19 April — Lugansk