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Republic

3 October 2008

Belarus President: funds should be invested in ready modernization projects in glass industry

The funds should be invested in the ready modernization projects in the glass industry, President of Belarus Alexander Lukashenko said in Gomel on October 3 at a session dedicated to the national glass making industry development. “The global trends urge us to invest the available funds in those industrial development projects that have already been elaborated and are free from serious risks,” the Belarusian Head of State noted. “Usually the government is critical of heads of enterprises and talks about the lack of projects. But the manufacturers inform me that there are ready projects and elaborated modernization plans; however some stages of their implementation are underfunded. So why not invest money in the further development of these enterprises,” Alexander Lukashenko said. He added that the enterprises have 2-3 years to implement the projects. “Money should be invested in the successful projects of successful companies. This is the major conclusion,” the President underlined.

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