Private business share in Belarus’ GDP expected at 50% next five-year term

      The next five-year term private business should provide 50% of Belarus’ GDP. The statement was made by Vice Prime Minister of Belarus Piotr Prokopovich at the session of the Council for Entrepreneurship Development in Dzerzhinsk, Minsk region. He remarked that by 2015 private business will provide at least 30% of the GDP. The goal has been set by the head of state, at present the share of small and medium business in the GDP exceeds 20%.
     Speaking about raising the role of private business in the national economy, the Vice Premier underlined that upping the private business share to 50% does not mean that other forms of ownership will be reduced. Major industrial enterprises will also develop at a fast pace. “We are working to that effect. The role of small and medium business will only grow stronger in the future. Private sector should pioneer the assimilation of new technologies and modern administration methods,” stressed the Vice Premier.