Development of Great Stone Industrial Park

A draft decree aimed at improving the investment climate in the Great Stone Industrial Park was presented to the President. Today, the Park features 69 residents from 13 countries. Half of them have already launched production. The draft is aimed at improving the investment climate by simplifying administrative procedures and expanding range of activities, including those in traditional Chinese medicine. Further support for startups and preferential conditions for anchor investors are proposed, provided that investments amount to at least $50 million. In the first two years, various startups will be able to enjoy all the major benefits of the Park while not being its residents. In case of commercial success startups will be able to change their status. The President supported the innovations of the draft decree and will sign it in the near future.