Massive investments to upgrade Belarusian agricultural enterprises by 2015

      There are plans to appropriate over $7 billion to modernize Belarusian agricultural enterprises. The information was released by First Deputy Agriculture and Food Minister of Belarus Mr Leonid Marinich on 4 November.
      The agricultural output is steadily rising in Belarus, however, the majority of agricultural enterprises perform way below their real capabilities. There are differences in manufacturing and economic indicators between agricultural enterprises at the regional level, too.
      The main target of the modernization campaign is to bridge the gap between successful performers and those, which lag behind. There are plans to modernize the Belarusian agriculture within the next 2-3 years. It is necessary to prepare the industry for operation in conditions of the Single Economic Space and the global food market. To do it, there are plans to improve manufacturing procedures, retool the enterprises, introduce new kinds of products, and assimilate technical and technological innovations.
      A total of Br64 trillion will be spent on modernization, said Leonid Marinich. The sum will include proprietary means of companies, foreign investments and credit resources.