Projects
Government Bodies
Flag Friday, 19 April 2024
All news
All news
Economy
27 May 2016, 12:17

Belarus' five-year innovative development program up for approval by 1 July

MINSK, 27 May (BelTA) – The government program on innovative development in 2016-2020 will be submitted for the Belarus president's approval by 1 July. First Deputy Prime Minister of Belarus Vasily Matyushevsky made the statement during the joint session of the two chambers of the parliament on 27 May, BelTA has learned.

According to the source, the development of the government programs for the next five years is virtually completed. Their list has been approved by the head of state, with 19 out of 20 programs adopted. The government program on innovative development will be submitted for the presidential approval by 1 July, said Vasily Matyushevsky.

The official reminded that the head of state had backed the government's proposals to tweak the state support system by “switching to result-oriented budgeting”. In practice it will mean that government programs will have a certain limited budget to reach specific development goals.

According to First Deputy Prime Minister of Belarus Vasily Matyushevsky, state support will be granted within the framework of the specified government programs via tenders. Economic operators regardless of their forms of ownership will have access to these tenders. “The procedure has already been set by the government. Those, who can prove they can reach the set goals with maximum efficiency, will be granted state support,” assured Vasily Matyushevsky.

Call for stable, transparent rules of the game for investors in Belarus
At the request of MP Vladislav Shchepov, First Deputy Prime Minister Vasily Matyushevsky commented on the results of the forum recently held in Vienna to attract EU investments to Belarus.

Matyushevsky: Financial and currency stability secured in BelarusMatyushevsky: Financial and currency stability secured in Belarus
According to the First Vice Premier, this year the government jointly with the National Bank has been implementing macroeconomic measures in the economic conditions that are much more complicated than in the previous year.

Matyushevsky: Inflation, directed lending affect borrowing rates in Belarus
Financial resources for business will be made more accessible in Belarus as the inflation and directed lending rates are cut down, Belarus' First Deputy Prime Minister Vasily Matyushevsky said at the joint meeting of the two chambers of the Belarusian parliament on 27 May.

Belarusian government expects economic growth in H2 2016Belarusian government expects economic growth in H2 2016
“In a dynamically changing environment the government's economic policy will be flexible, adaptive to external changes. The measures already taken will, according to our estimates, yield the results in the second half of the year," Vasily Matyushevsky said.

Reducing trade barriers among Belarus' prioritiesReducing trade barriers among Belarus
“Export is the key to the Belarusian economic growth. The country is reducing trade barriers by signing corresponding agreements,” noted Vasily Matyushevsky.

Improving business environment viewed among sources of economic growth in Belarus
“Another source of growth is improving the environment for business. Systemic work is underway to make the administrative procedures simpler and reduce their number. We will be addressing this issue in collaboration with our business communities,” Vasily Matyushevsky said.

Belarus hopes to make top 30 in Doing Business ranking by 2020Belarus hopes to make top 30 in Doing Business ranking by 2020
“If we implement the government action program [for 2016-2020] I have been talking about, we have good chances of making the top 30 in the next five-year period,” Vasily Matyushevsky believes.

State support promised to cost-conscious Belarusian enterprises
Comprehensive efforts to reduce the prime cost of merchandise are mandatory, said Vasily Matyushevsky. “Debts can be restructured or state support can be granted only if the enterprise puts efforts into reducing costs and optimizing expenses,” said the official.

Matyushevsky: Transparent administration rules crucial for SMEs development in Belarus
“First thing small and medium-sized business needs is clear and transparent administration rules and also the guaranteed inviolability of their property,” noted Vasily Matyushevsky.

Subscribe to us
Twitter
Recent news from Belarus