Net FDI in Belarus’ energy to make up $200m in 2013

          Foreign Direct Investment (FDI) on net basis to the Belarusian energy industry should make up $200 million in 2013. The issue was brought to the limelight by Energy Minister Alexander Ozerets as he presented the report on the 2012 results and goals for 2013 in the government. According to Alexander Ozerets, upgrade projects up to 2015 have been developed for every organization under the energy ministry. They envisage events aimed at increasing labor capacity, salaries, profits and implementation of investment projects in pursuance of the social and economic development forecast. The Energy Ministry instructed its organizations to ensure modernization in line with the approved plans, including net FDI attraction which should total $200 million this year.
            Belarus Premier Mikhail Myasnikovich instructed the Energy Minister to expedite the development of approaches towards an efficient tariff and investment policy in 2013. The Belarusian PM also heard out the reports of the heads of the State Committee for Standardization and Bellesbumprom Concern. They updated the government on the economic state of their industries, fulfillment of the forecast as well as the modernization of the companies including the volume and sources of financing for these purposes.