OREANDA-NEWS. July 13, 2007. The state will continue injecting funds in profitable and effective projects such as the production of hot-rolled seamless pipes at BMZ, President of Belarus Alexander Lukashenko said today when launching the pipe rolling shop at Belarusian Steel Works (BMZ), reported the press-centre of Gomelinvest.

According to him, many construction projects are currently underway in Belarus, many of them are financed by private and foreign investors. The state funnels funds into the construction of social objects and facilities with a weak payback rate, the President underlined.

According to Alexander Lukashenko, Belarus should pay more attention to the upgrade of existing productions rather than construction of new manufacturing facilities. “We should build only those plants which will process the feedstock we have such as Shklov Newsprint Mill,” said Alexander Lukashenko.

“We have built many various facilities. Today we need to upgrade the current productions in order to make more profits,” the Belarusian Head of State underlined.