Andrei Kobyakov: Belarus' GDP to grow 1.5% in 2017

Andrei Kobyakov: Belarus' GDP to grow 1.5% in 2017

Export development, branching out into new products and the creation of additional jobs are the main topics of the working trip of the Belarus Prime Minister to the Brest region on August 3. 

He is set to visit several companies. Among them are a dairy plant, a machine tool plant, and a private factory for the production of furniture.

The latter woodworking company is truly successful. Most of its production is exported - about 90%. It is now implementing projects with European countries: Germany, France, Austria, Denmark, the United States and the CIS countries. In addition, in 2015, new jobs were created here.

Antonina Belousova, director of the company for the production of furniture:
We have increased volumes. If we compare the six months of 2016 and 2015, an increase is 180%. The number of workers as of July 1, 2016 was 742 people, while on July 1, 2015 we had 468. It turns out that the increase is 274 people. We want the company to work without downtime, we are constantly looking for orders and new customers.

Expanding markets, diversification and the creation of additional jobs in new and expanding industries are the tasks facing Belarusian businesses today. The current situation with sales and partner search is rather difficult. Nevertheless, work is underway on the optimization of production and cost reduction. Socio-economic development tasks for Belarus for 2017 have already been set. Remaining is also a system of key performance indicators for ministries, corporations and businesses.

Andrei Kobyakov, Prime Minister of the Republic of Belarus:
The following year, a 1.5% growth in the gross domestic product should happen thanks to two main parts. The first half is the enterprises of the traditional economy. And we carefully evaluated 68 trade balances of products manufactured here by our traditional businesses. We estimate what it is possible to expect the following year. And the second half of GDP growth should follow thanks to companies of the so-called new economy, which are actively creating new jobs.