Presidential decree on development of China-Belarus industrial park signed

    On 11 June Belarus President Aleksandr Lukashenko signed decree No.215, which improves the regulatory framework in order to improve the investment climate in the China-Belarus industrial park Great Stone.

    The decree gives the park’s administration more independence by means of transferring additional functions from municipal authorities with regard to the implementation of administrative procedures. The decree also expands the types of business the industrial park welcomes, provides support for startups and offers preferential terms for major investment projects with the volume of investments at least as large as $50 million.