Alignment of business projects with government agencies terminated?

Belarus plans to abolish coordination of investment and business initiatives with government agencies. Such a measure provides a proposal for a directive of President of Belarus on the further liberalization of the economy, the text of which went to the agency "Interfax-West".

Developers guidelines suggest to abandon the practice of issuing approvals, authorizations, the conclusions of the state bodies on investment and business initiatives that are implemented in the context of a general legal framework or with the use of privileges and preferences in categories. Such initiatives will be approved and coordinated with the date of their application and implementation.

It is also expected to introduce a system of privileges and preferences for investment projects, without depending on the place of registration or date of establishment of the organization.

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