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Construction industry's positive contribution to Belarus' GDP pointed out

13.10.2020

Civil engineering is a growing industry in Belarus.

The industry makes a positive contribution to the country's GDP. Prime Minister of Belarus Roman Golovchenko made the relevant statement during the government conference held at premises of the ceramic construction materials manufacturer OAO Keramin on 13 October to discuss ways to bolster the industry's effectiveness, BelTA has learned.

Roman Golovchenko said: “Construction industry is a most important driver of national economy growth. The industry greatly affects social processes. Construction industry is traditionally an indicator that reflects the overall situation with the development of the country: if construction industry grows, it means the country experiences an upsurge. If construction pace declines, the country's economy experiences hard times. At present in comparison with many other branches of the national economy construction industry is a growing one and makes a positive contribution to the country's GDP.”

In his words, the volume of construction and installation work increased in January-August 2020. “Unfortunately, the epidemic situation in the world is having an effect on the export of construction services, engineering services, and architecture services. Their growth rate makes up 96% as against last year. The growth rate at enterprises that report to the Architecture and Construction Ministry is as little as 72%. I would like to know the reasons. I would like to learn whether the existing restrictions on travels between countries are to blame or the roots are deeper,” the prime minister told participants of the government conference.

Roman Golovchenko stressed that despite the rather good growth rate of the Belarusian construction industry, there are still certain problems with the construction of rented apartments and single-family homes. “There are also problems concerning the housing construction financing mechanism. These problems and many other ones were discussed as the head of state met with top construction industry officials. This is why today we should take a look at how the decisions made during that meeting are being implemented and what needs to be done in order to secure faster progress,” Roman Golovchenko noted.

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