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Economy
14 December 2016, 13:30

Belarus intends to attract $1.4bn in FDI in 2017

MINSK, 14 December (BelTA) – In 2017 Belarus is set to attract $1.4 billion in foreign direct investment on a net basis (excluding direct debt to investors for goods, works, services), according to the decree on Belarus' social and economic development targets for 2017. The document approves the quarterly parameters of the key performance indicators for the government and the National Bank, heads of the government bodies, regional administrations and Minsk city administration. The document was published on the national legal Internet portal on 14 December, BelTA has learned

Belarus expects the GDP dynamics to turn positive again in 2017 (1.7% as against 2016) and export to show strength of 3.8%. The projected growth of labor productivity of 1.8% is expected to surpass that of wages (1.5%) and real disposable incomes (1.3%). Balance of foreign trade in goods and services is projected at 0.1%. The consumer price index shall not exceed 9%.

With regard to the quarterly parameters of the key performance indicators for the heads of the government bodies and other state organizations subordinated to the government, the highest growth target for export of merchandize has been set for the Industry Ministry - 11.7%, that regarding the export of services - for the Architecture and Construction Ministry (5%). Belneftekhim Concern is expected to attract the biggest amount of foreign direct investment on a net basis - at least $145 million.

Brest and Minsk Oblast are projected to increase the gross regional product by 2.2%, Vitebsk and Gomel Oblasts by 1.3%, Grodno and Mogilev Oblasts by 2.3% and Minsk by 1.8%.

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