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Belarusian People’s Congress

12 Feb 2021

Belarus’ PM announces 500 investment projects in industry

Belarus’ PM announces 500 investment projects in industry
An archive photo

MINSK, 12 February (BelTA) – Belarusian Prime Minister Roman Golovchenko spoke against deindustrialization in Belarus and announced 500 investment projects in the manufacturing industry as he addressed the 6th Belarusian People's Congress on 12 February, BelTA has learned.

“I am sure that all the delegates of the Belarusian People’s Congress agree that deindustrialization in Belarus would be inexcusable. Our achievements in the manufacturing industry are undeniable. Belarus is among the leaders in many segments of international markets. We have captured a third of the global market of rock haulers and a fifth of the global market of potash fertilizers. Every tenth tractor in the world is made in Belarus,” Roman Golovchenko noted.

According to him, in the past five-year period, several more Belarusian industries leaped forward, including the woodworking industry and pharmaceutics. The next step is to create and develop at least five new industries and areas: electric transport, bioindustry, pharmaceutics, robotics, and the production of composite materials.

The Belarusian government will continue advancing traditional industries with the help of new technologies and digitization. As for the chemical industry, plans are in place to commission two large complexes to make potash fertilizers in Petrikov and Starobin and upgrade the chemical plant in Gomel. “This year, we will finish upgrading Naftan and will fully switch to the production of Euro-5 diesel fuel, whatever the rate of capacity utilization is,” Roman Golovchenko announced.

Plans are in place to attract more than Br80 billion in the manufacturing industry and implement more than 500 investment projects.

Belarus will launch 26 new projects worth a total of Br2 billion in all regions of the country, which will use domestic resources. Thirteen clusters will be set up in promising industries.

As for agriculture, the government intends to increase the yield per hectare and the yield from raw materials. Belarusian agricultural enterprises will get more than 31,000 farm machines worth a total of around Br4 billion over five years. Belarus will spend Br2 billion to build 39 large industrial facilities using cutting-edge technologies. The government expects agricultural enterprises to ramp up the production of grain to 10 million tonnes, of milk – to over 9 million tonnes, of meat – to over 2 million tonnes.

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