Session to discuss the most troubled investment projects
need the maximum result from every ruble invested in the Belarusian
economy, Belarus President Aleksandr Lukashenko said at a government
session held on 17 December to discuss the most troubled investment
a difficult economic situation, we managed to keep a good level of
investment in our economy on an annual basis. The main requirement has
always been to generate the maximum result from every invested ruble,
which means full employment and good salaries,” Aleksandr Lukashenko
stressed that the goal of investments which are the main factor of
economic growth is stable regional development and improving living
standards. “When investing money in the economy, we were focused
primarily on the development of traditional enterprises that process raw
materials available in our country. Woodworking means forests. Cement
and other materials mean relevant raw materials that we have in the
country,” the President said.
gaining independence, we have been supporting and constantly developing
industrial manufacturing. We have preserved our biggest companies in
mechanical engineering, oil refining, and chemical industry,” the head
of state said.
Lukashenko stressed that the woodworking, cement and food industries
have been significantly upgraded over the time, and new high-tech
facilities have been set up in the national energy system. The country
has been actively developing renewable and nuclear energy. “A line-up of
passenger cars has been launched, which happened for the first time in
the history of independent Belarus. We have also started a large-scale
biotechnological project to produce aminoacids,” he added.
head of state noted, however, that not all the projects had produced
the expected results. “Moreover, the commissioning of certain new
facilities, which were supposed to be in operation making profits long
ago, has been postponed indefinitely,” the President said.
Aleksandr Lukashenko instructed to scrutinize the problems both on site
and in the government and to develop systemic solutions for the
effective development of enterprises, with government officials
appointed to supervise these enterprises. However, according to him, the
government has traditionally prepared the proposals to extend state
support by the end of the year. “If this support is justified, we will
provide it. But only after it is shown that the applicant needs this
support and did not fail the modernization and investment plan,” the
Belarusian leader said.
head of state asked why the investment of significant funds in some
projects proved ineffective and what decisions the government has made
to stabilize the work of enterprises. “What has been done by the new
government to launch manufactures at new enterprises which have consumed
a lot of loan resources? What else needs to be done to remove
shortcomings. I also want to hear how the manufactures have been
developing, what is the status of protection of the Belarusian nature.
This is our main wealth and priceless heritage, which belongs not only
to us, but also to children, and which we are obliged to preserve.
Environmental agencies have plenty of complaints against investors,” the
President noted that the meeting is very important as hundreds of
millions of dollars are at stake. “I am particularly interested in those
projects which have been talked about but have not yet come on stream,
or which operate very poorly. The theme is clear, so let's determine
what we will do next, especially with several enterprises that should
have started working long ago making profits,” he said.