OREANDA-NEWS. May 17, 2010. Belarus plans to attract USD 5.6 billion in foreign investments in 2010, of them USD 2.8 billion of capital investments, Deputy Economy Minister of Belarus Andrei Tur told reporters.

“In the previous four years, we met the five-year target, however, the situation is complicated this year because of the aftermath of the crisis, which affected the investment possibilities of companies and organizations,” Tur said.

“Under the circumstances, we regard an increase in foreign investments as a strategic solution. In the first three months, foreign investments in Belarus rose 40% on the year, and their share in overall investments increased to 6.7%,” Tur said.

Besides, Belarus is working on a new version of the Investment Code, Tur said, adding that World Bank and International Finance Corporation specialists were engaged in the preparation. The bill amending the code will be ready by September, he said.