Events

“A lot has been made to renew the investment legislation in the country. The Parliament passed the laws on investment and concessions, introduced amendments and additions to the law on free economic zones. The relevant law on public-private partnership has been developed and is expected to be submitted to the House of Representatives in early 2015,” the Speaker said.

According to Vladimir Andreichenko, development of efficient PPP mechanisms is one of the country’s priorities outlined by the President of Belarus. “Steps the country’s authorities take to empower business initiative and entrepreneurship development dictate the need for a new model of mutual relations between the state and the business,” the Chairman of the House of Representatives said.

In his words, the economic growth and wellbeing of the population are largely dependable on the successful accomplishment of the task and wide attraction of the private capital in the implementation of state plans and programs. In this respect the public-private partnership is quite an attractive instrument which takes the cooperation between the state and the business onto a new level of equal and mutually beneficial interaction.

“Business gets new niches for activity and beneficial investment, additional, including financial, stimuli and guarantees. The state, for its part, gets necessary resources for economic modernization and assimilation of new technologies,” Vladimir Andreichenko said.