Business news

MINSK, 7 October (BelTA) – The private sector in Belarus should get a powerful development incentive. Belarus President Alexander Lukashenko made the statement as he addressed outgoing and newly elected members of the country’s parliament on 7 October, BelTA has learned.

It is extremely important to encourage private business initiative, said the head of state. “The private sector in Belarus should get a powerful incentive to develop,” instructed the President.

“With this in mind it is necessary to promptly develop the legislation to enable favorable conditions without formalistic restrictions, far-fetched requirements and excessive precautions,” said the head of state.