Net foreign direct investment in Belarus nears $4 bln in 2011
MINSK. Nov 30 (Interfax) - The net flow of foreign direct investment to Belarus in 2011 will be almost $4 billion taking into account the sale to Gazprom for $2.5 billion of 50% in Beltransgaz, Belarusian Deputy Prime Minister Sergei Rumas said at a parliament session Wednesday.
The net flow of foreign direct investment totaled $1.3 billion, or around 20% of the annual amount.
The government is developing a new strategy to 2015 for attracting foreign investment, he said.
The government plans to resolve three key problems that potential investors have indicated are their main obstacles to going into Belarus: reforming property relations, including real estate and land acquisition, changing the taxation system and urgent measures to develop the financial market, he said.
The government expects the net flow of foreign direct investment to reach at least $3.7 billion in 2012, Rumas said.
