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Economy
20 January 2022, 10:28

Economy Ministry reveals outcomes of work to fulfill tasks set by Belarusian People's Congress

Yuri Chebotar. An archive photo
Yuri Chebotar. An archive photo

MINSK, 20 January (BelTA) – The fulfillment of the tasks set by the Belarusian People's Congress in February 2021 made it possible to lay a groundwork for achieving the priority objectives of the five-year plan, First Deputy Economy Minister Yuri Chebotar told BelTA.

The first deputy minister emphasized that the work on creating the necessary legal framework continued throughout the year. The Economy Ministry coordinated efforts to achieve four priorities of the five-year plan: a happy family, strong regions, intellectual resources and a partner state.

“We embarked on the work at the beginning of last year. We needed to flesh out the tasks to fulfill the main provisions of Belarus' socio-economic development program for 2021-2025, to draft a new package of government programs for the five-year plan. After the approval of the 2025 program based on the decisions of the Belarusian People's Congress, the Economy Ministry updated the government's action plan until 2025 turning it into a roadmap for the implementation of the country's five-year development strategy,” Yuri Chebotar said.

The country has prepared a legal framework for launching a new investment cycle. The new legislation includes, among other things, laws on investments, FEZ, Decree No. 10, Decree No. 215 on the China-Belarus Industrial Park Great Stone.

“The conditions for doing business have also been improved: we have completed the first stage of work on optimizing administrative procedures, prepared bills on licensing and on entrepreneurship promotion,” Yuri Chebotar noted.

According to him, a lot of time and effort was devoted to the regional agenda. New approaches to regional development were outlined. The Economy Ministry helped draft key policy documents of local importance. “Certainly, the ministry also addressed other problems, translating its initiatives into bills on mortgages, insolvency settlement, amendments to the Civil Code, bills on electric vehicles, holding companies, gardeners and many more. We spearheaded the work on export promotion under decrees No. 466 and No. 534, on financial health, import substitution, the creation of production clusters in the regions,” the first deputy minister added.

“We believe that having fulfilled the tasks set by the Belarusian People's Congress in 2021 we have created a good foundation for achieving the priorities of the five-year plan,” Yuri Chebotar added.

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