News & Events in Belarus

Attractive business environment seen as priority of Belarus’ economic policy

MINSK, 17 February (BelTA) – The development of an attractive business environment in Belarus is one of the priorities of the state economic policy, Belarusian President Aleksandr Lukashenko said as he met with representatives of Belarusian private enterprises on 17 February, BelTA has learned.

“I have invited you today to talk about urgent problems, if there are any, or issues that need to be addressed by our private community. I would like to pay attention of the officials (in the government and the Administration) in the first place that we do not have non-state enterprises here. We have private and state-owned enterprises in the country. There are no non-state people here, however” the head of state emphasized.

Speaking of the participants of the meeting, Aleksandr Lukashenko said that he asked to invite successful entrepreneurs to today’s meeting. “Nobody but you, who have gone through all every stage of entrepreneurship activities, know well what is needed to develop private business and entrepreneurship in Belarus,” the president said. “Together with you today I have an opportunity to discuss ways of further development of business activities. You all have solid experience of working in both domestic and foreign markets. You have all gone through the post-COVID consequences, learned to cope with sanctions pressure from unfriendly countries, deal with other barriers. You run your business responsibly and also engaged in charity work.”

According to Aleksandr Lukashenko, private business occupies a considerable share of the Belarusian economy. This sector makes up half of the country’s GDP, provides for 37% of industrial production, which accounts for a third of all investments.

“Therefore, the development of an attractive business environment is one of the priorities of the state economic policy,” the Belarusian leader said.

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