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Lukashenko wants more investments in Belarus’ mining industry

MINSK, 1 November (BelTA) – Belarus President Alexander Lukashenko has ordered to step up efforts to raise investments into raw materials as he heard out a report by Prime Minister of Belarus Mikhail Myasnikovich on 1 November, BelTA learnt from the presidential press service.

This pertains, first of all, to the Petrikov potash deposit. Six companies from China, Ukraine, Kazakhstan and a Canada-China joint venture showed their interest in buying the deposit. The head of state demanded that Belarus should make the most of this industry.

Alexander Lukashenko gave a month to fulfill this task. At the end of November, the Prime Minister will have to report to the President about the work to select the best investor and to present the relevant draft decree.

The President and the Premier talked about ways to maintain stability on the currency and consumer markets, housing construction subsidized by the government. They also discussed construction in agriculture.

The President emphasized that the local authorities should encourage companies to invest in their own growth. The government should help the local authorities with that.
The head of state said that the upgrade of all animal farms should be financed, first of all, out of own funds of companies and local budgets, while the government should provide targeted support to increase output and growth. The Prime Minister added that the relevant changes will be made to the investment program.

Besides, top on the agenda was housing construction, in particular, upon the agreements concluded earlier where the houses were to be commissioned in 2011. The government will provide the necessary loans, despite the issues on the currency and financial market. About 6 million square meters of housing is to be commissioned in 2011.