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Funds of innovation funds can be used to finance promising import-substituting investment projects

13.03.2023

On March 7, 2023, the Resolution of the Council of Ministers of the Republic of Belarus No. 171 "On direction of use of means of innovation funds" came into force.

According to this Resolution, in 2023, the funds of the republican centralized innovation fund and local innovation funds can be used to finance projects included in the list of promising import-substituting investment projects approved by the Prime Minister of the Republic of Belarus.

The Resolution was adopted on the basis of the Decree of the President of the Republic of Belarus of March 14, 2022, No. 93 "On additional measures to ensure stable functioning of the economy".

 

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