An export promotion agency will be set up at the Development Bank in order to simplify and facilitate export lending from the Bank. The agency will operate on a one-stop shop principle, the President said.
“We should understand: growing competition on the Russian market is not a temporary event. It is to stay for long. How can we respond to it? Only by reducing costs and improving the quality of products,” said the head of state.
“In 2016-2020, we will be working to reform and enhance our pension system. Our task is to ensure that a retirement pension equals 40% of a salary, which is the world's average,” Alexander Lukashenko said.
Belarus has a strong complex of exploration, a wealth of experience and expertise in exploration and field development. The strategy should provide for the ways of using this potential in foreign markets,” the head of state noted.
Alexander Lukashenko will pay a working visit to the Republic of Uzbekistan on 23-24 June where he will take part in the summit of the Council of Heads of State of the Shanghai Cooperation Organization (SCO).
The President remarked that in the last few years Belarus has implemented strategic decisions to enhance economic ties with the People's Republic of China and has advanced the bilateral relations to the level of integrated strategic partnership.
“Enhancement of the economic system inevitably leads to slashing of excess workforce. To prevent sharp rise in unemployment, we should take preventive measures. More than 250,000 jobs should be created over the next five years,” Alexander Lukashenko said.