Business news

MINSK, 22 June (BelTA) – Over 80 big investment projects worth more than $27 billion will be implemented in Belarus in 2016-2020, Belarus President Alexander Lukashenko said at the 5^th Belarusian People’s Congress on 22 June, BelTA has learned.

“Efficient investment is the main source for the country’s GDP growth. In 2016-2020 we need to implement over 80 big investment projects to the total tune of more than $27 billion, attract at least $14 billion of foreign resources, including China’s credit lines and direct investment. This is our main investor,” the head of state said.

Investments are one of the priorities for the country’s development in the ongoing five-year period. “The main novelty of the investment policy is as follows: concessional lending of all new projects and programs will be provided through one operator in an honest and open manner. The major principle is a competition-based distribution of resources. Preference will be given to pay-their-way projects and quick returns of resources. A special role will be given to external financing resources, mainly, foreign investment,” Alexander Lukashenko noted.