Economy of Belarus - - LITERALLY -

“Sub­sti­tu­tion mea­sures should ex­tend to at least 60-65% of non-cru­cial im­ports. To achieve it, in 2012 the out­put of im­port-sub­sti­tut­ing prod­ucts should in­crease by 20% from 2011 to $3-3.5 bil­lion. That way we will cover vir­tu­ally the en­tire range of im­ports which sub­sti­tu­tion is eco­nom­i­cally ef­fec­tive”.

Alexan­der LUKASHENKO, Pres­i­dent of the Repub­lic of Be­larus

(an ex­cerpt from the speech at the per­ma­nent sem­i­nar for ex­ec­u­tives of cen­tral state and re­gional gov­ern­ment

bod­ies held on 15–16 De­cem­ber 2011 to dis­cuss im­port sub­sti­tu­tion as the most im­por­tant fac­tor

for bal­anced de­vel­op­ment of the na­tional econ­omy)

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