OREANDA-NEWS. February 6, 2012. Belarus has approved a long-term investment strategy that spans a period till 2015.

The strategy is designed to speed up the arrival of foreign capital to Belarus, reduce the share of the state-owned sector and facilitate privatization of state property. One of the key priorities of state property privatization is to ensure at least USD 2.5 billion a year in supplementary budget proceeds, according to a resolution of the Cabinet of Ministers of Belarus adopted January 18, 2012.

The strategy aims for increasing the share of foreign capital in fixed-capital investments to 21% by 2015, while the net value of direct foreign investments is supposed to reach USD 7-7.5 billion.

Furthermore, the government plans to engage private-public partnership (PPP) in facilitating the arrival of direct foreign investments.

The government’s strategy to stimulate direct foreign investments prioritizes the following sectors: pharmaceutical industry, nanotechnologies, high-tech industries, new materials, information and communication technologies, chemical production, equipment and machinery production, electrical equipment, electronic and optical equipment, vehicle production, transport and communication, production of construction materials, farming and farm processing industries, light industries.

The government plans to lure foreign investors into automobile production industries by establishing joint ventures with transnational corporations.

The government aims to put Belarus among the top 30 states on the World Bank’s Doing Business Report and improve Belarus’ investment appeal by climbing a few notches on the rating lists of Moody's Investors Service, Fitch Ratings, The Heritage Foundation.