Ministry: Belarus creates favorable conditions for launching regional investment projects
09.11.2026
MINSK (
BelTA) – Competition for consumers is fierce, and those who can offer a quality product at an affordable price faster are the ones who win. Against this backdrop, the government is creating simple and effective mechanisms to fast-track investment projects, Belarusian Deputy Economy Minister Alesya Abramenko said at a meeting of the Mstislavl District Executive Committee, which reviewed the region’s social and economic performance and budget execution in January-September 2026, BelTA learned from the press service of the Ministry of Economy.
Particular attention was paid to the pace and effectiveness of investment activity.“One of these tools is the preferential investment project regime: all that is needed to get a project off the ground is a decision by the executive committee. There are currently 48 such projects on the list, nine of which are being implemented in Mogilev Oblast,” Alesya Abramenko said. “Another mechanism is preferential loans offered under the Regional Initiative brand. Around 480 applications have already been approved, with more than 75 promising business ideas set to be brought to life in Mogilev Oblast. This delivers tangible economic benefits to the regions: new production facilities and products emerge, and jobs are created.”
The deputy economy minister’s working visit continued with tours of several enterprises in the district. As part of the One District,One Project initiative, the Mstislavl Garment Factory has built a new production and logistics center, creating 18 jobs. The Mstislavl branch of Babushkina Krynka is systematically upgrading its process equipment and carrying out large-scale modernization. This approach enables the company to expand its product range promptly and respond flexibly to market demand.
At the end of her working trip, Alesya Abramenko visited the Pustynki Holy Dormition Monastery. This Orthodox shrine has come a long way in its restoration. Thanks to the joint efforts of the state and proactive citizens, the monastery has not only been revived but has also become a pilgrimage destination, helping promote the region’s rich historical and cultural heritage.
Particular attention was paid to the pace and effectiveness of investment activity.“One of these tools is the preferential investment project regime: all that is needed to get a project off the ground is a decision by the executive committee. There are currently 48 such projects on the list, nine of which are being implemented in Mogilev Oblast,” Alesya Abramenko said. “Another mechanism is preferential loans offered under the Regional Initiative brand. Around 480 applications have already been approved, with more than 75 promising business ideas set to be brought to life in Mogilev Oblast. This delivers tangible economic benefits to the regions: new production facilities and products emerge, and jobs are created.”
The deputy economy minister’s working visit continued with tours of several enterprises in the district. As part of the One District,One Project initiative, the Mstislavl Garment Factory has built a new production and logistics center, creating 18 jobs. The Mstislavl branch of Babushkina Krynka is systematically upgrading its process equipment and carrying out large-scale modernization. This approach enables the company to expand its product range promptly and respond flexibly to market demand.
At the end of her working trip, Alesya Abramenko visited the Pustynki Holy Dormition Monastery. This Orthodox shrine has come a long way in its restoration. Thanks to the joint efforts of the state and proactive citizens, the monastery has not only been revived but has also become a pilgrimage destination, helping promote the region’s rich historical and cultural heritage.