The government is working on a set of measures designed to raise investments, BelTA learned from Prime Minister of Belarus Roman Golovchenko in the House of Representatives of the National Assembly on 2 October.
Roman Golovchenko said that economic growth in the next five-year term will rely on effective investments that will be channeled into the modernization of existing enterprises where investments will be recouped and into the establishment of brand new enterprises. “Upon my instructions the Economy Ministry is about to finish work on the national infrastructure plan for the period till 2025. The country's economy badly needs investments and a higher percentage of investments in the gross domestic product,” he said.
In his words, the necessary conditions will be enabled in order to restore investment growth. “It will be necessary to improve the legal framework for the sake of a barrier-free and safe business environment in order to reduce risks and costs for Belarusian and foreign investors. We will continue working to decriminalize economic risks. It is necessary to enable managers and executives to make decisions within limits of sound business risks,” the official noted.
The priorities for the period till 2025 also include export, innovations, and digitization. The government is already working on modernizing the export incentives system.