Belarus PPP law progresses

Belarus’s draft PPP law has progressed through Parliament after passing the second reading this week.

The law is a step closer to becoming reality after it was passed by Parliament following two months of work on the document, which has seen a raft of amendments made to it.

“The draft law was complemented with seven articles. Some 40% of amendments were introduced,” the Chairman of the House of Representatives permanent commission on economic policy, Viktor Valyushitsky, told local press.

“The bill will open a new page in the investment activity of our country,” he added.

However, Valyushitsky warned that the bill would not be the end of the legislative process, explaining that a series of subsidiary legislation will need to be introduced once the draft law is adopted next year.

In September, the United Nations Economic Commission for Europe backed the country’s PPP policies.