news

from 30.01.2008

Attracting investors in small towns can foster Belarus’ economic growth


Attracting investors in small towns can foster Belarus’ economic growth

Attracting investors in small towns will foster the economic growth of Belarus, Vice-Premier of Belarus Andrei Kobyakov told BelTA when commenting on Decree No1 “On stimulating the production and sales of goods and services”.

According to him, “that was the proposal of the Government, namely, to develop the measures to stimulate the development of new manufactures in the regions by means of exempting them from incomes tax, VAT, customs duties and duties for the import of technological equipment.”

This move is aimed at “meeting the ambitious targets of socio-economic development set out by the head of state”. The measures will also help secure a 25% increase in investments, Andrei Kobyakov said.