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Decree on stimulating entrepreneurial activity in rural areas provides opportunities for investment, expert assures

The first deputy chair of Mogilev region executive committee Vladimir Kravtsov is sure that Decree №6 “On stimulating entrepreneurial activity at the territory of medium and small townships and rural areas” will promote development of small and medium businesses, and provide more possibilities for investments. The Decree unified, improved and brought up to date the previous legislation dealt with development of small and medium business.

Businessmen are granted a number of unprecedented preferences for carrying on a business in agricultural areas; the measures are aimed both at promoting business development and attracting investments. The Decree stimulates demand for new jobs, competitiveness of output produced, salary growth, thus promoting higher living standards and solving of certain social problems in rural areas.

“There have been plenty of examples of big business investing into implementing projects in small and medium towns. One of successful projects carried out recently is “Sontsa” cosmetic factory opened at an abandoned building that was reconstructed and rebuilt. But we aim at stimulating development of small businesses in towns and townships, output growth of organic food and industrial production, promoting use of local raw materials. The Decree №6 will give the region’s economy a jump-start”, Vladimir Kravtsov remarked.

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