OREANDA-NEWS. Belarus has made a point of promoting the spirit of competition on the land market, when two or more investors should have to compete for land plots earmarked for an investment project.

A resolution to this effect was approved by the Cabinet of Ministers of Belarus on August 30, 2013.

The resolution says that the authorities concerned shall pass a verdict on investment offers within a 30-day period, provided the investor does not request a land plot for development.

If the investor needs a land plot, the authorities will require a 60-day period for consideration. If other investors emerge during the 30-day period since the original application was submitted, a tender will be held both for the investment project and the land plot.