Submitted by Luda on Thu, 09/10/2008 - 15:09
Belarus is carrying out drastic society-oriented economy reforms, First Vice Premier Vladimir Semashko said during the plenary session of the 4th International Investment Forum inn Mogilev.
In his words, the GDP has doubled since 1995. the annual GDP growth reached 9.8% (10.6% in January-August 2008). Fixed capital investments grow 2-3 times faster than the GDP, the source added.
According to the vice premier, the government are doing their best to improve the investment climate in Belarus. In particular, foreign investors enjoy a wide range of tax and customs preferences.
In H1 2008 the volume of foreign investments in the Belarusian economy totaled $3.5 billion (40% up on the year).
The government is going to further improve the national investment climate through alleviation of the tax burden and simplification of administrative procedures. In particular, in 2009 some local taxes will shrink by 50%, Semashko said.
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