Russian investment in Belarus continues to grow. This was announced today, November 1, by the Deputy Minister of Economy of Belarus, Vladimir Naumovich.
In his words, the results of the investment interaction between the two countries during the first half of the year show a positive dynamic. In particular, Russian investment in the Belarusian economy increased by 6.8% and foreign direct investment in net terms increased by 43.6%.
The deputy director of the economic department also spoke about the implementation of a set of measures to stimulate investment activity in Belarus and Russia. He stressed that the development of contractual and legal cooperation and the implementation of specific projects in the real sector of the economy is planned.
“The adoption of the document greatly contributed to a significant intensification of bilateral contacts. Mutual visits of official delegations and business circles, holding joint meetings and business events allow us to put a clear emphasis on the investment agenda, attracting investors to the implementation of promising projects… For our part, we are systematically improving legislation about investments. The updated Law “On Investments” offers new opportunities to realize production business ideas. This is, in particular, a comprehensive package of benefits within the framework of preferential investment projects, guaranteed sales of part of the products, budget transfers and other progressive mechanisms. We hope that productive interaction between our departments will help identify new areas for strengthening investment cooperation between Belarus and Russia,” – said Naumovich.
Let us remember that Minsk and Moscow have been building the Union State since 1999. At the same time, Russia has been one of the main investors in the Belarusian economy for many years.
