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Belarus to tackle issue on transfer of land plots into investors private ownership

Privatization
20:49 | 15.11.2012 | Business-News

Belarus plans to tackle an issue on transfer of land plots into investors’ private ownership in 2013, the Minister of Economy Nikolai Snopkov announced at a meeting of the Advisory Board on Foreign Investments, BUSINESS NEWS reports.

 

According to Nikolai Snopkov, it is provided by the list of activities developed to promote foreign direct investments and the creation of a favorable investment climate in Belarus.

 

At the same time this list provides an implementation of a procedure on fair compensation of an investment cost in case of its withdrawal to investors, according to the Minister of Economy.

 

The Ministry of Economy and the Government plan also to simplify the procedure on transfer of enterprises-bankrupts into investors’ ownership.

 

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