Commentary to Decree No. 334 of 21 July 2015

    President of Belarus signed Decree No. 334 which envisages the creation of a major multi-modal industrial and logistic center in village Bolbasovo, Vitebsk Oblast.

    This will be a big center to process raw materials, to transship cargoes, coordinate the interaction between different modes of transport, and provide the conditions for the short-term and long-term storage of goods.

    The document is aimed at developing the logistics system of the country, and making it more attractive for transit. Implementation of the decree will increase the inflow of foreign exchange earnings and tax payments, create at least 400 jobs and solve the problem of employment in the region.

    The decree shall enter into force one month after its official publication.