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11 Aug 2017

Handsome returns on investments in processing industry upgrade

Handsome returns on investments in processing industry upgrade

BREST, 11 August (BelTA) – Belarus gets handsome returns on investments in the processing industry upgrade, Belarus President Alexander Lukashenko said during the visit to OAO Savushkin Product on 11 August, BelTA informs.

“We have started to get handsome returns on investments in the processing industry upgrade. Many enterprises with modern technologies have emerged in this segment of the economy. They demonstrate advanced production culture and flexibility, take care of the raw materials base, invest money in their own development, guarantee a good social package for employees and build housing for them. Perhaps, it pertains, first of all, to your enterprise because you are doing all that,” Alexander Lukashenko remarked addressing the personnel of the enterprise.

According to the head of state, the enterprises that were in need of the state support in the past have become a locomotive of a number of branches and a trademark of Belarus today. “This is the case of OAO Savushkin Product, the flagship of Belarus’ dairy industry,” the president said.

Alexander Lukashenko remarked that the achievements of the enterprise are not accidental. They are the result of the state policy in agriculture. The country is in the process of transition from the development of agribusiness to the development of rural areas in general. “This allowed reviving Belarusian villages with their economic potential. You understand it very well because you are working with this potential and are creating it,” the president said. “Belarus is ahead of other countries of the Commonwealth of Independent States in terms manufacturing the majority of agricultural products per capita. Belarus is ahead of such developed countries as the Netherlands, Germany, France in terms of milk production,” the head of state said.

As far as the production of foodstuffs is concerned, Belarus is a self-sufficient and export-oriented country. “Some time ago we did not have such a wide range of products in Belarus. There were consumer cards with tear-off coupons. Now we have forgotten about it,” Alexander Lukashenko said.

The export of foodstuffs exceeded $4 billion in 2016. Belarus is one of the world’s leading manufacturers of butter, quark, skimmed milk. “As for the domestic market, it has been saturated with Belarusian-made products that successfully compete with imported analogues thanks to their quality and affordability,” the president said.

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