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Economy
18 October 2022, 09:34

Agriculture named driver of economic growth in Belarus

Dmitry Yaroshevich. Photo courtesy of the Economy Ministry
Dmitry Yaroshevich. Photo courtesy of the Economy Ministry

MINSK, 18 October (BelTA) – Agriculture is a driver of economic growth, Deputy Economy Minister Dmitry Yaroshevich said in an interview with the Panorama program on the Belarus 1 TV channel, BelTA informs.

“Agriculture is the sector that will push us towards positive results. In January-September the sector expanded by 4.9%. This happened due to a higher yield of almost all crops - cereals and legumes, sugar beet, and other vegetables. Productivity of grains alone (excluding corn) is almost 19% higher this year. It is important that we have almost completed the formation of stabilization funds that we will use during the off-season,” Dmitry Yaroshevich said.

According to him, growth was also posted by companies affiliated with the Industry Ministry. The growth trend is expected to remain in place. The Belarusian food industry concern Belgospishcheprom returned to positive performance: in January-August the companies affiliated with the concern posted a decline, but the trend was reversed and now they are slated for a 2% growth,” the deputy minister noted.

“The Industry Ministry and Belgospishcheprom give us optimism, while agriculture gives us confidence, because we are solving food security issues,” Dmitry Yaroshevich said.

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