Vezhnovets on preferences for investors and the attractiveness of the initiative “One district – one project”

What preferences there are for investors in Belarus and what is attractive the initiative “One district — one project” on the air of the TV channel “First information” told the first Deputy Minister of economy Ivan Vezhnovets, reports sb.by.

According to Ivan Vezhnovets, there are 45 projects in the list of preferential investment projects. “Preferences are a mechanism that the state has created for our investors to access investment opportunities in Belarus. It's the simplest mechanism. An application is submitted to the regional executive committee, a decision is also made by the regional executive committee and on the basis of this decision a number of benefits and preferences are provided, he said.

Ivan Vezhnovets also said that he is included in the preferences. “First of all, it is a zero rate of land tax for the period of construction. This is an exemption from the need to compensate for loss when withdrawing agricultural or forest land. This is a zero rate of customs duties when importing technological equipment and the possibility of obtaining a land plot without an auction or tender, he said. You get the solution, build, put the facilities into operation and continue to work. The mechanism has been in operation for several years. Gradually, the volume of investments is increasing, we have a declared investment volume of more than 3 billion rubles.”.

He noted that relevant projects are being implemented in the regions. Preferences are a tool for regional development. “He is in demand there. And in regional centers and in Minsk, it is used to a lesser extent to give impetus to the development of business on the ground, the First Deputy Minister stressed.

In parallel, the initiative “One district – one project” is working in Belarus. This is a legal opportunity to receive benefits. And, as Ivan Vezhnovets noted, if there is compliance with both those criteria, then you can use two tools in combination. “This is assistance from the point of view of the benefits of the project, and the regional initiative is financial support on more comfortable terms, to get borrowed resources for structuring the transaction from a financial point of view,” he said.

The First Deputy Minister of Economy told about the implementation of the state investment program. First of all, it is focused on budget investments, on financing projects that have great social significance.

This year, the volume of the investment program is 3.3 billion Belarusian rubles. More than 72% have already been mastered. This is more than in the same period last year – in 2025, about 60-62% were mastered. We are going at such a good pace, in a good schedule, he said. A number of projects have already been completed. This is an electric substation in the Smorgon district, the educational building of BNTU, students are already studying from September 1. These are two sections of roads, one near Molodechno, the second near Polotsk. It is also a bridge over the Vilia River, which has already been put into operation. There are a number of other social facilities on the way, which we expect to introduce before the end of the year.”.

First Deputy Minister of Economy: Cooperation between Belarus and Russia