OREANDA-NEWS. June 16, 2008. In line with Resolution No 818 of the Council of Ministers, in 2009 the GDP is projected to increase by 10-12% over 2008, in 2010 by 10-11% over 2009.

The document is aimed at promoting the steady economic growth of Belarus, meeting innovation and investment targets.

Under the document, in 2009 industrial output is prognosticated to increase by 10.5%-12.5%, in 2010 by 10-11%, capital investments by 23-25% in 2009 and 2010. Foreign trade in goods and services will ramp up by 16.2-17.7% in 2009 and 16-17% in 2010. Exports are expected to go up by 17-18.5% and 17-18% respectively. The growth of imports of goods and services is prognosticated within 15.5-17% and 15-16%.

The agricultural output is projected to up by 8.5-9.5% in 2009 and in 2010, production of consumer goods by 12-13% (2009) and 11-12% (2010), including foods by 12.2-13.2% and 11.5-12.5%, nonfoods by 11.7-12.7% and 10.5-11.5%.

Real wages are expected to increase by 16-17% and 13-15% in 2009 and 2010 respectively. The growth of real earnings of people is projected at 14-15% and 11-13%. Chargeable services will up by 13-14% and 12-13% respectively. Profitability of sold products is to reach 15% in 2009 and 2010.

Governmental bodies are expected to analyze the efficiency of innovation and investment programmes in part of setting up high-tech manufactures, implementation of new and high technology, enhancing the competitiveness of indigenous products including import-substituting goods. It is necessary to increase labour productivity and wages, create new jobs, reduce energy and material intensity, increase profitability of production, inflow of investment including from abroad.

The governmental bodies are to submit reports on efficiency of innovation and investment programmes to the State Committee for Science and Technology and Economy Ministry by July 5, 2008.

The Economy Ministry and the State Committee for Science and Technology are to systematize and analyze the given information. The materials regarding the implementation of innovation and investment programmes should be introduced before the Council of Ministers until July 15, 2008.

The governmental bodies are to present the information regarding the implementation of innovation and investment programmes to the State Committee for Science and Technology and the Economy Ministry until July 15 as well. In turn, the Economy Ministry will present the analytical information about the course of implementation of these programmes to the Government.

Heads of the governmental bodies are responsible for the implementation of the indices and parameters fixed in the resolution and for the implementation of innovation and investment programmes.