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Socially responsible businessmen named drivers of Belarusian economy

Economy 16.11.2018 | 19:13
Sergei Rumas
Sergei Rumas

MINSK, 16 November (BelTA) – A stratum of socially active people able to become drivers of the economy is evolving in the sphere of small and medium entrepreneurship. 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.

According to the prime minister, the contest has become a red letter day on the calendar of the Belarusian business community. It traditionally gathers together the brightest and most successful representatives of Belarus' private sector and their number rises all the time. It is in the sphere of small and medium entrepreneurship that a stratum of socially active people is evolving. They may become drivers of the national economy in the future and may make up the middle class that the state needs so much.

In his words, the liberalizing package of legislation adopted by the head of state in 2017 is designed to help Belarusian SMEs implement their projects. As a result, about 80 new commercial organizations and 360 self-employed businessmen are registered every month. A total of 350,000 small and medium businesses operate as part of the Belarusian economy.

Their growing tax payments indicate the rising level of economic activity of small and medium private enterprises. In January-September 2018 their tax payments represented over one third of all the payments received. The adoption of the presidential decree on expanding the types of handicraft activities increased the number of registered handicraftsmen by 17%, with their tax payments up by 25%. Additional support for farm and ecotourism operators has fueled their growth. In 2017 Belarusian farm tourism estates welcomed over 350,000 people, 16% up from the year before. Tourists from 58 foreign countries appreciated Belarusian hospitality, noted Sergei Rumas.

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