OREANDA-NEWS. March 1, 2011. FDI inflows in Belarus are projected to increase five times on the year in 2011 to USD 6.4 billion, Deputy Prime Minister Sergei Rumas said at a session of the Advisory Council for Foreign Investments with the Council of Ministers in Minsk.

“This year we are supposed to increase capital investments 16%-17% on the year, and foreign sources are to account for at least 21%. To ensure a balanced economy, FDI must reach USD 6.4 billion. Compared with 2010, we must increase FDI inflows five times,” Rumas said.

A strategy is being worked out in Belarus to invite investors on a cluster basis, that is, investors will be attracted for specific projects to make concrete products that will be used by designated enterprises.

Rumas reiterated that the State Property Committee would be allowed to independently decide on sale of shares in non-strategic enterprises. As for strategic companies, it will be up to the president to decide.

According to Rumas, it is also planned to adopt all documents to implement directive #4 in the first half of 2011.