| Attracting investments, inclusive foreign ones, is prioritized
by the state. Belarus is most interested in direct investments.
They are not a burden for the state debt and allow the entire potential
of the foreign investor in Belarus, namely, financial, production
and intellectual to be mobilized and implemented.
The tendency towards increase in the inflowing foreign capital
has emerged in the recent years. During January-June 2009 The economy
of the Republic of Belarus received 4230 million U.S. dollars of
foreign investment, which is 27 percent higher than in January-June
2008 of them attracted foreign direct investment amounting to 2,477.5
million dollars, that exceeds 2 times the volume of prosecution
for the same period last year. Other foreign investments (loans
and borrowings, finance lease) received in the amount of 1,752.2
million dollars. Major investing countries were Russia (over 2 /
3 the volume of foreign investments -- 2864.6 million U.S. dollars),
Switzerland, Austria, Germany and Latvia.
The largest number of foreign investments attracted in transport
- 1,881.6 million (44 per cent of total inward foreign investment),
Industry - 1,087.8 million (26 percent) and general commercial activities
on the functioning of the market - 653 $ 5 million (15.4 percent).
Over 2 / 3 the volume of foreign investments -- 2864.6 million
U.S. dollars) comes from Russia.
Nearly 3 thousand companies founded with involvement of investors
from 77 countries operate in Belarus. 87 investment projects are
being implemented in various sectors of economy with the foreign
capital participation. Machine-building and metal-working, consumer
goods, chemical and petrochemical, woodworking and also trade, communication,
transport and medical sectors are most attractive for foreign investors
in Belarus.
Belarus effectively cooperates with the most well-known transnational
corporations. Joint ventures were set up with the German MAN
Group (cars and trucks) Karl Ceiss (optical products) and also with
foreign enterprises Coca-Cola
Beverages Belarus, McDonalds Restaurants (soft drinks and public
catering), Unomedical (disposable medical products), CHESS-Bel (petroleum
products), Frezenius (medical equipment) and others.
The projects with foreign capital participation are effectively
implemented at the PJSC Mogilevkhimvolokno, JPJSC
Belarusian Brewing Company Syabar and in construction of the
border customs terminal Kozlovichy-2.
The foreign investors may be attracted by extensive housing construction
in Belarus (up to 4 mln m2 a year), reconstruction of national facilities
such as sports complex Raubichy and Staiky and construction of a
multi-purpose cultural and sport center Minsk-Arena.
The programs of developing most perspective types of tourism (rural,
ecological, hunting, transit) are also being implemented in Belarus
and a tourist infrastructure in historical cities with cultural
heritage is being developed.
Implementing actions to simplify the registration procedure and
property purchase, liberalize foreign trade relations, unify customs
and tariff systems of Belarus and Russia and make Belarus a member
of WTO would help increase the inflow of funds of private investors
for implementing such projects in Belarus
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