Foreign capital share grows in Belarus

The objectives of the investment policy in Belarus were voiced today by First Deputy Prime Minister Alexander Turchin at the opening of parliamentary hearings. Managers, deputies and business representatives exchanged views on how to attract more foreign capital to the country. Every year it becomes a more difficult task. Competition for finances has intensified in the global economy. For example, global investment fell by 23% last year. Therefore, it is important to continue the process of creation of a favorable long-term macroeconomic environment, to maintain low inflation and stable rates.

The immediate task is to redirect financial flows. In total, it is planned to double the volume of investments by 2025.

Now the government is actively working on a strategy to attract foreign direct investment. Since January 1 of the next year, the procedure for granting tariff benefits will be unified, the provision of state support will be strictly linked to efficiency and value added.

In general, our legislation complies with the best international standards.

It is planned that all measures taken will allow Belarus to get into the top 30 countries with the best business conditions.