The agreement on cooperation in the field of investing activities

of December 24, 1993

The State Parties of this agreement which are hereinafter referred to as the Party

recognizing importance of deepening of mutually beneficial economic cooperation,

accepting attention common interests and benefits of the approved approaches in case of development and carrying out investment policy,

agreed as follows:

Article 1

The parties cooperate in development and implementation of investment policy for the business entities, and also the business entities of the states who are not participants of this agreement, and the international organizations for the purpose of ensuring mutual protection of interests of the Parties in this area.

Article 2

Investors of each Party in other states participating in this agreement (further - investors of the Parties), are:

the legal entities created according to the legislation of one of the Parties and competent to perform investments;

physical persons - citizens of the Parties and citizens of other states who are constantly living in their territory, and also stateless persons;

the State Parties of this agreement and state located within their territory and it is administrative - territorial educations on behalf of the legal entities and physical persons authorized by them according to the legislation of the Parties.

Article 3

Investments of the Parties are all types of property, financial, intellectual values put by investors of the Parties in objects entrepreneurial and other types of activity for the purpose of profit earning (income), achievement of social effect.

Article 4

Investors of the Parties perform investment in the territory of other Parties in the way:

creations of the companies which are completely belonging to investors of the Parties, and also branches of such companies;

equity in the companies created together with legal entities and physical persons in the place of investment;

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