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Belarussian government hopes for stability on financial, consumer mkts in 2012

October 04, 2011, 18:13 UTC+3
In addition, Myasnikovich said there would be a planned gradual reduction of the income tax rate for businesses.
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MINSK, October 4 (Itar-Tass) —— The Belarusian government expects to achieve stability in the monetary, financial and consumer markets in 2012.

"There is every reason to believe that 2012 will be a year of stability in the monetary, financial and consumer markets. But the currency and credit resources will remain scarce," Prime Minister Mikhail Myasnikovich said at an enlarged meeting of the Presidium of the Council of Ministers with representatives of Belarusian business circles.

Myasnikovich said that in the near future the president will have before him proposals for the introduction of a new mechanism of state support for all businesses regardless of the type of ownership.

"In the near future the government will make a proposal to the head of state for a new mechanism of state support. The general idea is this system of government support measures and preferences will have equal access to all economic entities regardless of the types of ownership that have emerged the winners in a competition," said the prime minister.

He said the newly-created Development Bank will be a lender not only to government programs, but to domestic businesses in general. The import substitution-oriented business entities will enjoy preferential treatment.

In addition, Myasnikovich said there would be a planned gradual reduction of the income tax rate for businesses.

 

 

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