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Belarus, Russia approve set of measures to stimulate investment activity

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MOSCOW, 15 April (BelTA) - Belarus and Russia have approved a set of measures to stimulate investment activity. The document was signed by Belarusian Economy Minister Yuri Chebotar and Minister of Economic Development of the Russian Federation Maksim Reshetnikov following the talks between the prime ministers of the two countries, Roman Golovchenko and Mikhail Mishustin, in Moscow on 15 April, BelTA has learned.

"This process is mutual. Investment activity, setting up joint ventures and production facilities are getting more attention today. This is what creates the foundation for advancing trade and economic relations," Yuri Chebotar said as he commented on the document.

"My colleagues and I have agreed that we will jointly look at investment projects in promising industries, and develop joint tools. We, Belarusians, are very interested in the instruments of public-private partnership that are used in Russia, special investment agreements, etc.," he explained

"Today, there is a good dynamic of mutual attraction of investments. We are confident that thanks to the set of measures we will lay the foundation for even greater penetration of companies from the two countries in the coming years," the minister said.

He noted that the Belarusian sectors looking to attract Russian investments are very diverse: mechanical engineering, instrumentation and others. "The tourism sector is also on the agenda," Yuri Chebotar noted. Belarus is interested in setting up assembly plants in Russia and it is there that it will direct its investments.

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