Senate debates mutual protection of investments between Kazakhstan, Austria
ASTANA. September 24. KAZINFORM Kazakhstani senators discussed a draft law "On ratification of the Agreement between the Government of the Republic of Kazakhstan and the Government of the Republic of Austria on the Encouragement and Mutual Protection of Investments" at the session of the committee for economic development and entrepreneurship under the Parliament of the country.
Vice Minister of Industry and New Technologies Albert Rau who tabled the bill noted that 'it is aimed at strengthening the economic cooperation between Kazakhstan and Austria in the sphere of investments'.
In line with the agreement each side provides favorable climate for investors of both countries.
The committee decided to introduce the bill for Senate's consideration.