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Economy
30 August 2022, 19:22

Investment projects evaluated to help reboot regional economies in Belarus

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

MINSK, 30 August (BelTA) – Preservation and enhancement of competences at industrial enterprises will ensure the reboot of economies of the regions. Belarusian Economy Minister Aleksandr Chervyakov made the statement at a meeting with top officials of the Industry Ministry, BelTA has learned.

The Industry Ministry hosted a brainstorm session, during which promising investment projects were selected for consequent realization in the regions.

Aleksandr Chervyakov said: “Historically in Belarus it is in the manufacturing sector that the intellectual and innovative potential of our people is most fully realized. By realizing projects in the real sector, we fulfill the head of state's instruction to create new enterprises and manufacturing facilities in every district and guarantee the formation or promotion of regional brands. The existing situation opens up opportunities for creating new manufacturing facilities and enterprises on the basis of competences and the potential that the manufacturing sector has in small towns and districts.”

“With this in mind we've considered strong points of every territory in detail: raw materials, manpower, and the availability of unique products of their own. The suggested investment initiatives provide for a mutual interconnection of the existing capabilities that will give the strongest synergetic effect to their development. By preserving and developing competences at industrial enterprises, we will ensure the reboot of economies of the regions,” the economy minister stressed.

Senior officials of the Economy Ministry and the Industry Ministry discussed possible realization of every manufacturing investment project and the potential hindrances that have to be overcome.

There are plans to hold similar brainstorms with other industry-specific government agencies.

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