Belarus President holds working meeting with head of Development Bank

Belarus President holds working meeting with head of Development Bank

On April 27, Alexander Lukashenko approved a new five-year strategy for the development of the woodworking industry. Taking into account the instructions of the President, the document will be submitted to the Development Bank for approval in the near future.

We will remind, a number of woodworking companies are now managed by the Development Bank. Over the past couple of years, the financial situation of problem enterprises in this sector has improved, and in 2017 the task is set to reach profitable work.

Alexander Lukashenko, President of Belarus:
I would like you to describe the situation in the economy and, naturally, in the circulatory system of our economy - finance. Without any calculations, tables, your inner conviction and mood. Perhaps, you have some alarming factors to note so I would like you to voice them, if there are any. This will be very important for making the decision in the future. Moreover, I would like to ask you to keep track of the current events and try to accumulate the situation in the banking environment.

One of the social projects of the Development Bank - School Bus - is nearing completion. During this time, 330 buses worth 20 million dollars were purchased for regional schools to transport children. The President was also informed about the results of the work of the Development Bank and its subsidiaries.

Sergei Rumas, Chairman of OAO Development Bank of the Republic of Belarus:
The head of state gave some instructions on charity projects of the Bank for Development, which will concern both the improvement of the material base of health care and the improvement of the educational process in the general education school.