OREANDA-NEWS. August 13, 2012. The government of Belarus has adopted an industrial development programme, with Br872.7tn (USD 90bn) worth of investment projects to be implemented till 2020.

The programme will be financed with companies’ own funds (36.6%), foreign investment (34.4%), credit resources (24,5%), state budget (4.5%), reads a commentary of Belarus’ Economy Ministry. Belarus will seek to draw foreign investments by establishing joint ventures, selling state-owned stakes to foreign investors.

The programme is aimed at upgrading and retooling traditional industries, promoting new technologies in consumer electronics production, production of chemicals, pharmaceuticals.

One of the projects covered by the programme is production upgrade at OJSC BelAZ, OJSC Gomelsteklo, OJSC Grodno AZOT.