А. Turchin: Construction, agriculture and retail trade show growth

17 декабря 2020
The epidemic situation and the economy of the central region were discussed at a meeting of the President and the Chairman of the Minsk Region Executive Committee.

It is time to sum up the results of the work: how  Minsk Region is doing in the challenging year 2020, and how the instructions of the head of state are being fulfilled. Apart from the real sector, health issues are certainly in the spotlight
now.

There is a positive trend in Minsk Region: no increase in the number of people ill with COVID and pneumonia, which is a reason for cautious optimism. When it comes to economic development, the central region is the largest in the country with almost a million and a half people and 15 percent of Belarus' GDP! Thanks to its position, the region attracts investors, and they try to make good use of it. Major investment projects include production of electric buses and passenger cars, a mining and processing complex, and the promising Great Stone park. Both joy and misfortune of the region are its industrial flagships BELAZ and Belaruskali. These giants do much for the economy of the region, but they have a hard time during the pandemic. Nevertheless, the region is yielding results.

Alexander Turchin, Chairman of Minsk Region Executive Committee: "The strategy we are committed to is that the failure of big industrial enterprises should be compensated by other economic activities. Construction, agriculture, retail trade are the sectors that have been showing growth over the year and made it possible to compensate the lagging of the industry."

Balanced economy, smooth running of businesses and the development of new projects have an impact on the life in the region and on the mood of people. All efforts are made so that the region developed evenly and there was not a big gap in the income and living standards of the people.