EDB: Investment activity in Belarus demonstrates strong growth

Investment activity in Belarus is demonstrating a steady growth, BelTA learned from the weekly macro review of the Eurasian Development Bank (EDB).

“There has been a noticeable increase in investment activity, with capital investment going up by 8.9% in January-October following 7.6% in January-September,” the EDB said.

GDP in Belarus grew by 4.2% in January-October after 4.5% in January-September. The output growth in industry has slowed down, but remained high: 6.2% in January-October down from 7.4% in January-September. The contribution of industrial production to GDP growth amounted to about 1.7%. Trade contributed about 0.6% to GDP growth on the back of 11.8% growth in retail trade and 4.6% growth in wholesale trade. The contribution of agriculture made up about 0.2%.