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NAIP to work with MPs to attract investment to Belarus

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MINSK, 22 July (BelTA) - The Belarusian National Agency of Investment and Privatization (NAIP) and the Standing Commission on International Affairs of the House of Representatives have signed a plan of cooperation to attract foreign investment to the country, BelTA has learned.

The document was signed by NAIP Director Dmitry Krasovsky and Chairman of the Standing Committee on International Affairs of the House of Representatives Andrei Savinykh. “We have had this idea that we should join forces. NAIP will help our MPs with the expertise: how investments are attracted, how many stages there are, what difficulties may arise. We are creating a kind of fusion of political influence and professional expertise and set up a team to help investors find common ground with local authorities during project implementation: from the allocation of land to hiring workforce. This is the first step. This has not been done before, but we want to try,” Andrei Savinykh said.

He stressed that MPs can immediately convey the information concerning the implementation of investment projects to different authorities with a view to eliminating misunderstanding and difficulties. “We are set to develop an algorithm and recommendations on the interaction between MPs and NAIP regional experts. Plans are in place to organize the selection of projects that could be submitted for consideration through the parliamentary corps. Educational events will be held in every region with the participation of MPs,” Andrei Savinykh noted.

The House of Representatives has 72 groups for cooperation with foreign parliaments. “We want to include investment issues in the agenda of cooperation of these parliamentary groups, as MPs work actively with businessmen of their countries. The recommendation of MPs from other countries will be an additional guarantee for foreign entrepreneurs that the project will be implemented in accordance with all the agreements,” Andrei Savinykh said.

When asked whether there are plans to hold parliamentary hearings on investment issues, he replied: “We would like to hold these hearings after we gain some practical experience in implementing this plan. Then we will be able to understand in what direction we need to move, what niche to occupy in this work.”

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