Alexander Turchin said: “The problem of effectiveness of the state sector is the key problem today. Some enterprises will not work due to various reasons regardless of whether help is available or not. The question of what we should do with those is the most complicated one.”
First Deputy Prime Minister of Belarus Alexander Turchin gave instructions to first and foremost determine the format of the work and functions of the National Agency of Investment and Privatization (NAIP). This organization will have to offer one-stop shop experience to investors in Belarus.
The official said: “The economy started the year 2019 exceedingly well. According to the latest data, our GDP grew by 0.7%, which is even slightly above the quarterly estimates of the government. Although considering the high baseline of Q1 2018 many economists went as far as predicting technical recession."
- The state provides adequate support to the agriculture industry, Belarus Prime Minister Sergei Rumas said as he addressed a gala event to celebrate the 100th anniversary of the Agriculture and Food Ministry and to honor best workers.
“I would like to spotlight the cooperation between the two countries in transportation and logistics because Belarus is Latvia's second largest parter in rail freight transport. Last year, the volume of export goods amounted to 12.6 million tonnes while the total Belarus-Latvia freight traffic reached 30.1 million tonnes,” the Ambassador said.
On the sidelines of the forum, Vladimir Semashko has held working meetings with Bryansk Oblast Governor Alexander Bogomaz, Chairman of the Legislative Assembly of Krasnodar Krai Yuri Burlachko, and First Vice President of Gazprombank Aleksey Chichkanov.
The money will be channeled into financing projects in the area of small and medium business. Belagroprombank clients will be able to use these resources to buy, upgrade, or expand their stock of equipment, replenish floating capital, and accomplish other goals.