Enterprise, investment laws favourable business climate

The number of newly established businesses has increased by 25-26 percent annually while the amount of registered capital has also rose to double the amount of the previous year. 

Despite the negative effects of the global financial and economic woes in 2008, the number of new businesses increased by 27 percent and total registered capital was up nearly 30 percent as compared to 2007. 

The Ministry of Planning and Investment says this year it will continue to finalise legal documents guiding the implementation of the two laws in order to facilitate business activities and attract capital. 

The Ministry will also draw up an overall master plan for socio-economic development in 6 regions from now until 2020, with a focus on developing key economic hubs. It will also draft a decree detailing the establishment, organisation and management of economic groups.