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Opinions & Interviews

31 Jul 2020

Petrishenko: Belarus has necessary resources to achieve sustainable and robust growth soon

Petrishenko: Belarus has necessary resources to achieve sustainable and robust growth soon
Igor Petrishenko. An archive photo

MINSK, 31 July (BelTA) - Belarus has all the necessary resources to achieve sustainable and robust growth soon, Belarus’ Deputy Prime Minister Igor Petrishenko said during the international investment teleconference "From Recovery to Sustainable Growth", BelTA has learned.

“The strategically advantageous position of Belarus at the junction of large economic blocs (the EAEU and the EU) creates a unique opportunity for the country to strengthen its positions in value added chains. Thanks to the long-term efforts of the state, the country has all the necessary resources at this important time to achieve sustainable and robust growth. The modern industrial base, high R&D potential, successful digitization of the national economy make the backbone for the transition of Belarus to the VI technological paradigm,” Igor Petrishenko noted.

According to him, the high level of professional qualifications, labor discipline and inner motivation of Belarusians are important advantages of the country in the competition for investment. “I am sure that the interest of investors in Belarus will grow rapidly in the near future. The government will continue to support projects and sectors that can generate profits,” the deputy prime minister stressed.

In his opinion, the interest in today's international online investment conference is another confirmation of the continued interest of investors from around the world who are looking for attractive investment terms in promising projects, even in the current difficult conditions. “In 2020, the world economy entered a new phase of development. The coronavirus pandemic is just one of the macro factors that will determine its further trajectory. The change of technological paradigms makes the competition for investment in the industries of the future increasingly fierce. Increased protectionism policies and trade wars enhance the role of regional cooperation in international manufacturing and trade,” Igor Petrishenko noted.

The international investment teleconference "From Recovery to Sustainable Growth” has been organized by the National Agency of Investment and Privatization and supported by the UN Conference on Trade and Development (UNCTAD). Representatives of 42 countries have registered to participate in the event.

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