Prime minister explains new business terms, preferences Belarus about to offer to investors
After Belarus President Aleksandr Lukashenko hosted a conference with senior members of the Council of Ministers on 22 June, Prime Minister of Belarus Roman Golovchenko explained what innovations are supposed to be introduced by the new corresponding bill, BelTA has learned. A bill on facilitating and stimulating the realization of investment projects was submitted for consideration of the head of state.
The document is supposed to replace Ordinance No.10, which represented a breakthrough back in the day and served as the legal foundation for this sphere for nearly 15 years. “The ordinance on investments was one of the most advanced and progressive pieces of legislation in our region definitely if not the world.
And it produced a tangible effect from the point of bringing investors and setting up new manufacturing facilities. Unfortunately, it is impossible to patent an ordinance.
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