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Opinions & Interviews

16 Jan 2019

Belarus open to investors as much as possible, official says

Belarus open to investors as much as possible, official says
Dmitry Krutoi. A file photo

MINSK, 16 January (BelTA) – Belarus is open to investors as much as possible. Belarusian Economy Minister Dmitry Krutoi made the statement as he delivered a presentation about Belarus’ investment climate and macroeconomic development during an investment conference (a roadmap) in the headquarters of the European Bank for Reconstruction and Development (EBRD) in London, the press service of the Belarusian Economy Ministry told BelTA.

According to the source, nowadays Belarus is open to investors to the max and pursues a policy of encouraging private investments. Dmitry Krutoi spoke at length about preferences available in the course of investing in Belarus (the establishment of companies in rural areas and small towns, free economic zones, the China-Belarus industrial park Great Stone, the Hi-Tech Park, and the signing of investment contracts with Belarus).

Dmitry Krutoi also drew attention to the development of infrastructure in the country. He stressed that securing a high level of services for population and for operating a business is the main goal in this work. With this in mind the government works hard to introduce alternative financing schemes such as public private partnership.

A review of Belarus’ budget policy and monetary management policy was also presented during the conference. The state and prospects of developing transport industry infrastructure were mentioned.

A separate panel session was dedicated to the presentation of the first pilot public private partnership project, which provides for reconstructing part of the M10 motorway. The project’s consultants represented by the European Bank for Reconstruction and Development highlighted technical, legal, and financial peculiarities of the project’s implementation.

The legal regime of the China-Belarus industrial park Great Stone, including new conditions for investing and doing business inside the park, was presented at a parallel session with a view to attracting investors from the European Union.

 

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