OREANDA-NEWS. July 15, 2008. The investments will account for 30% of the Belarusian GDP in 2009, Economy Minister of Belarus Nikolai Zaichenko said at the session of the Council of Minister.

He noted that the investment in the fixed capital should grow by 23-25% in 2009. Br47-48 trillion from all the sources of financing is to be allocated for the fulfillment of this task. The investment growth is stipulated in the State Investment Programme and five year branch and regional investment programmes.

According to the minister, the total number of objects that will be put into operation in 2009 has been increased by 82 to reach 213. The commissioning of industrial objects will secure an additional growth of 1.9 percentage points in the industrial complex.

The state support for the investment projects that won the competition will remain in place. The recipients of this support will receive bank credits on preferential terms. Br54 billion will be allocated to finance these projects. The 2009 draft budget will allocate Br20 billion for the implementation of the innovation projects.

According to the Economy Minister, the legal framework for the entrepreneurship development should be elaborated. In 2009, the state policy in the area of small business will be aimed at increasing the role of small business in the development of economy through its deeper involvement in the production and service sectors, as well as through the invigoration of investment, innovation and export activities.

Nikolai Zaichenko added that apart from the improvement of the investment climate, measures are undertaken to develop new regulations to stimulate the industrial production, develop corporate securities insurance market and venture activities. The legal support for the technology transfer will be enhanced. The privatization will be boosted.