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Belarusian economy grows increasingly faster

Belarusian economy grows increasingly faster
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Belarus Watch Briefing Issue #4

Belarus Watch Briefing Issue #4
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Belarus bill on investments passes first reading

Belarus bill on investments passes first reading MINSK, 30 April (BelTA) – The bill on amendments to the Law on Investments has passed the first reading at the fifth session of the seventh-convocation House of Representatives of the National Assembly of Belarus on 30 April, BelTA has learned. The bill is aimed at improving the provisions of the current Law on Investments taking into account the practice of its application as well as bringing its provisions into conformity with the legislative agreements of Belarus. In particular, the draft law supplements the list of investment implementation methods with a reference to the implementation of public-private partnership projects. It enshrined a universal norm determining the conditions of compensation for the value of property which is an investment (in cases of nationalization or requisition of such property). This norm establishes requirements for compensation, which must be timely and complete.

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