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06 March 2025, 17:29

Minister: Belarus' investment policy aims to boost regional manufacturing capacities 

MINSK, 6 March (BelTA) – Belarus’ investment policy is aimed at boosting the regional manufacturing capacities, Belarusian Economy Minister Yuri Chebotar said at the board meeting of the Economy Ministry in Minsk on 6 March, BelTA learned 

Yuri Chebotar noted that 800 investment projects were implemented in the country last year. About Br5 billion was utilized during the year. “In 2024, we completed 200 projects: a third more than a year earlier. Every tenth of them - ahead of schedule. This is the best result for the last 10 years (since 2016) both in terms of the number of projects implemented and funds invested. Within the framework of the One District, One Project initiative, 70 investment projects were completed in 56 districts in three years, 3,200 new jobs were created,” the minister said.

New business opportunities continue to be created as well. “In 2025 we introduced a new Regional Initiative. The lending conditions have been improved - the rate for agrarian areas has been reduced to 6.5% per annum and its validity period has been increased. The terms are attractive, and we have already received two dozen applications. But priority will be given to industrial projects. This year, we have also launched an instrument of financial support for the construction of standard buildings for small industrial enterprises - industrial mortgage. We have established the necessary conditions for the realization of investment plans,” the minister noted.
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