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 There are no obstacles to attracting investments in Belarus, First Deputy Economy Minister Piotr Zhabko told reporters after a session of the Presidium of the Council of Ministers on August 19. The session chaired by Belarusian Prime Minister Sergei Sidorsky discussed the results of the investment activity in Belarus in H1 2008. According to Piotr Zhabko, there are no economic reasons in Belarus for failing to meet the investment target which is to increase investments up as against last year.
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NEWS
In 2009-2010 services sector should expand 20% on average
 In 2009-2010 the services sector of Belarus should grow 20% on average, First Deputy Prime Minister of Belarus Vladimir Semashko said at a session of the Council of Ministers Presidium focusing on the services sector development programme 2006-2010. According to him, the goal is to ensure that the services sector should outpace the manufacturing sector growth. The services sectors account for 70% of GDP and more in developed countries. In 2007 in Belarus the share was 40.9%, below the target of 42-43%.
“In previous years and over the five months this year the locomotive of economic growth in Belarus has been the manufacturing industry,” Vladimir Semashko said. In January-May 2008 GDP grew by 10.4%, industrial production 13.3%. “We need to change the situation. In 2009-2010 the services industry needs to expand 20% on average,” he said.
In 2010 the services sector is expected to account for 46-48% of GDP, the staff engaged in this industry for 57-58% of the total number of people employed in economy.
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© 2005-2008 Staff of the Council of Ministers of the Republic of Belarus
No part of this information may be reproduced in any form without reference
Information support from the Republican Unitary Enterprise Belarusian News Agency
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 A man, his wellbeing, is the centrepiece of the entire state policy.
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 Belarus will send humanitarian aid to the people of South Ossetia affected by the military conflict, Belarusian Prime Minister Sergei Sidorsky said at the meeting with his Russian counterpart Vladimir Putin on August 14.
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 Belarus will provide humanitarian aid to South Ossetia as part of the efforts meant to alleviate consequences of the humanitarian catastrophe. The decision is laid down by the Council of Ministers’ resolution No 1162 of August 13, 2008.
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 Belarus’ practices used to calculate and pay taxes should meet European ones, said Prime Minister of Belarus Sergei Sidorsky at an out session dedicated to simplifying the national taxation system on August 7.
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 Gomselmash Company will start to produce combine harvesters Polesie GS14 in 2009, First Deputy Premier of Belarus Vladimir Semashko said.
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 The Belarusian government has stepped up regulations for selling products, which contain genetically modified components, and has amended relevant retail trade regulations. Information about gengineered components in food will now be available on price tags. The decision is laid down by the Council of Ministers’ resolution No 1115 of August 4.
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 The transport ministries of Belarus and Lithuania are set to sign an agreement to develop inland navigation. This measure is spelled out in Resolution No 1114 of the Council of Ministers of August 2, 2008.
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