24.01.2012 [News]

Strategy to attract foreign direct investment adopted in Belarus

The new strategy targets promoting foreign direct investments aimed at economic restructuring and innovation development, their increased use thanks to the continuous improvement of investment climate, reforms of state-owned assets and the development of public-private partnerships in Belarus. Priority is given to foreign direct investment into hi-tech sectors of the economy, as well as the creation and development of technological clusters.

Implementation of the Strategy will ensure an annual increase in foreign direct investment and help to achieve $ -7.5 billion in FDI in 2015. It will also ensure that Belarus will enter the top thirty countries with the best business climate in the World Bank “Doing Business” rating, as well as higher positions in the reports of international rating agencies: Moody's Investors Service, Fitch Ratings, The Heritage Foundation and others.

The full text of the Strategy and linked documents are available for downloading from the web-site of the Government of Belarus (see link below, in Russian only).

Source: Government of Belarus provided by Olga Meerovskaya, BelIsa