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Economy
29 September 2022, 10:48

Export reorientation, project investment seen as vital for economic resilience of Belarusian regions

Aleksandr Chervyakov. An archive photo
Aleksandr Chervyakov. An archive photo

MINSK, 29 September (BelTA) - Export reorientation and project investment will increase the economic sustainability of Belarusian regions, Belarusian Economy Minister Aleksandr Chervyakov said during his working visit to Luninets District, BelTA learned from the Economy Ministry.

Aleksandr Chervyakov held a meeting with Luninets residents. One of the locals asked about the possibility of receiving subsidies for further development of farms. “Business sense of farmers helps them gather larger harvests, solving food security tasks and providing agro-industrial enterprises with raw materials. This, in turn, enhances our export potential in the markets of friendly countries - Russia and China. That is why the state is ready to continue investing in the initiatives of hardworking citizens,” the economy minister stressed.

The minister added that funds for a business plan can be obtained in line with Decree No.255.

Aleksandr Chervyakov visited several enterprises of Luninets District, assessed the prospects for their further development and touched upon the issue of exports amid sanctions. “It is important for manufacturers to promptly reajust and find new consumers. Many have already done this work. Others should look up to their examples, organizing logistics and supply schemes accordingly. Such business models based on export reorientation and project investment will improve economic sustainability both the regions and the country in general. The government, together with industry regulators and local authorities, continues to work out and implement effective solutions to support the real sector,” Aleksandr Chervyakov said.

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