Mobile version
Projects
Services
Government Bodies

SME contribution to Belarus' export praised

Economy 16.11.2018 | 19:39

MINSK, 16 November (BelTA) – In January-September 2018 small and medium private companies contributed one third of Belarus' export proceeds. Prime Minister of Belarus Sergei Rumas made the statement during the ceremony held on 16 November to award winners of the national contest Entrepreneur of the Year, BelTA has learned.

Sergei Rumas said: “If we disregard the export of raw materials, then in January-September 2018 we received every third export ruble from small and medium commercial entities. We will continue facilitating the quality growth of the private sector, including as part of the recently approved government action program for the period till 2020. The program stipulates priority areas of work: the development of the business environment, the enabling of comfortable business conditions, rapid development of the sphere of services, and the formation of an IT country image on the international market.”

According to the source, for the sake of optimizing the state regulation and support for the private sector, for increasing its contribution to the country's economic development a new program document has been passed – the strategy on the development of small and medium entrepreneurship for the period till 2030. The document stipulates the main directions of step-by-step work meant to ensure fair competition, protect private property, improve the effectiveness of state regulation, encourage the development of innovative, investment, and export components in the work of manufacturers. In the course of implementing the strategy the government intends to reformat the types of financial support for the private sector. The available institutions will be structurally reordered among other things.

Sergei Rumas went on saying that the government continues creating reliable legal guarantees and essential conditions for launching and effectively implementing private business initiatives. “We believe it is important for the government to introduce an effective tool in 2019 to evaluate the regulatory impact of legal acts on the private sector. It will prevent the emergence of excessive encumbrances and new barriers standing in the way of business development,” he concluded.

Print version
More about Economy
Latest news
All news
Weather
Minsk
Baranovichi
Bobruisk
Borisov
Brest
Warsaw
Vilnius
Vitebsk
Gomel
Grodno
Zhlobin
Kiev
Lida
Minsk
Mogilev
Mozyr
Moscow
Orsha
Polotsk
Riga
Saint Petersburg
Soligorsk
Day 0..+-2°C Overcast sky
Night +-1..+-3°C Overcast sky