The Senate has approved a law that enhances the legal framework for investments.

The law aims to create a favorable investment climate in our country, actively attract direct investments, and ensure the rights of domestic and foreign investors and entrepreneurs.

The objectives of this Law also include reducing poverty, protecting public health, ensuring quality education, rational use of natural resources, increasing processing and manufacturing potential, developing a green economy, and ensuring the protection of human rights.

Additionally, the law defines key concepts, principles, and goals of investments and investment activities. In particular, it establishes guarantees for the freedom of investments, ensuring openness and transparency, freedom of business operations, and the unrestricted use of funds.

The law provides for incentives for small, medium, large, and strategic investment projects depending on the size of the investments.

The range of measures and incentives to stimulate investments is also expanded. The share of foreign investments required to form the charter capital of a foreign investment enterprise is reduced from 15 percent to 10 percent.

The adoption of the Law creates opportunities for domestic and foreign investors to submit investment proposals to the authorized state body through a "single window" system, as well as ensuring fair and equal treatment and corresponding state support for their guarantees, rights, and obligations.

Following the discussion, the Law was approved by the senators.