MINSK, 25 June (BelTA) - The launch of the new investment cycle is of strategic importance, Belarusian Deputy Prime Minister Anatoly Sivak said at a joint meeting of the House of Representatives and the Council of the Republic, BelTA has learned.
"The sanctions pressure from European and other countries, although not directed at the construction complex, has affected investment activity. Some investment projects have been suspended due to uncertainty about their financing. In this regard, in May this year the government approved a set of measures to launch a new investment cycle. This document is important for the long-term development of the economy. A number of activities are of strategic importance. Their effect will not be felt immediately, but in a somewhat distant perspective," Anatoly Sivak said.
According to him, the proposed set of measures is expected to facilitate the annual growth of investment and its share in the GDP to 23% by 2025. "The set of measures provides for the development of systemic measures in seven areas, including the adjustment of the legislative framework. I hope that MPs will take an active part in the work to review and prepare the necessary legislation," the deputy prime minister said.
