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21 Apr 2016

Belarus’ government to analyze efficiency of investment legislation by 1 September

MINSK, 21 April (BelTA) – The Belarusian government should analyze the transparency of the investment legislation for investors by 1 September, Belarus President Alexander Lukashenko said in his State of the Nation Address on 21 April, BelTA has learned.

“The main stimuli for investments are clear and understandable regulations and laws which are observed by both Belarusian and foreign investors. But if there are economic regulations impeding the process of raising investments, it is needed to respond promptly and flexibly and adapt these regulation to the changing real situation,” the Belarusian leader noted. In this context, he has instructed the government to analyze and systematize the investment legislation and put forward corresponding proposals by 1 September.

Alexander Lukashenko also enumerated major investment policy principles in 2016. These are the efforts to raise foreign direct investments, the concentration of investments in capitalized assets (advanced technologies, information systems, robotic science), and the use of more efficient project management techniques to increase returns on investments.

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