Over 40 large investment projects to be implemented in Minsk in 2017

Over 40 large investment projects to be implemented in Minsk in 2017

More than 40 major investment projects will be implemented in Minsk in 2017.

The lion's share of them relate to the construction of social facilities and the creation of high-tech enterprises.

Among them are the third branch of the Minsk subway, the center of the artistic gymnasts and the renovation of the Dinamo stadium. In 2016, Minsk attracted $6 billion dollars of foreign capital.

In addition, the city's authorities allocated in 2017 about five million rubles of budget funds to support small and medium-sized businesses.

By the way, a competition of investment projects will be held in Minsk. Some businessmen can be compensated for part of interest payments on loans or receive preferential lending.  

Nikolai Rogashchuk, Chairman of the Economy Committee of the Minsk City Executive Committee:
The main condition is that this must be a profitable company, it must have its own money. The state's share in this company must be less than 49% (that is, we include even companies with the state's share) and of course small businesses which offer less than a hundred have jobs.

In 2016 Minsk became the only region where the number of entrepreneurs has not decreased.

Moreover, this number went up to more than 72,000. Small and medium businesses today accounts for about 35% in Minsk's economy. It is expected that by 2020 this figure will increase to 50%.