13:37 Belarus to simplify land allocation for foreign investors

The government in Belarus plans to simplify significantly the procedures and timespan for the allocation of land plots for the projects funded by foreign investors, Andrej Gaeu, the deputy chairman of the State Committee for Property told Interfax news agency. The new mechanism envisages a direct order from the government to the property committee about the allocation of a land plot in case the investment project is approved, he said.

The local executive bodies will only be notified about the decision. A similar mechanism is to be used when implementing investment projects, which are envisaged by the state programs.

Gaeu stressed that this new mechanism of land allocaion to investors could greatly reduce the time required to complete the whole procedure, reports Interfax.