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19 October 2022, 11:46

Belarus takes measures to curb rise in housing construction costs

MINSK, 19 October (BelTA) – Measures have been taken in Belarus to curb the rise in housing construction costs, Deputy Prime Minister Anatoly Sivak said at a joint sitting of the House of Representatives and the Council of the Republic, BelTA has learned.

“The necessary steps have been taken to maintain price stability and curb the growth in housing construction costs. This was done by expanding price regulation for building materials and setting profit margin caps and markup caps,” Anatoly Sivak said.

According to him, this year work is underway to streamline construction procedures. A number of regulatory legal acts have been adopted by the president and the government to regulate the use of standard designs, development of pre-design documentation, obtaining of construction permits, construction and commissioning of single-family homes, conducting state examination of project design documents and public debate. “This work is proceeding in line with the plan approved by the government,” the vice premier noted.

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