The attractive conditions, created by the President’s decision in 2015, to develop economic activity in the southeastern region of the Mogilev Region have significantly encouraged investors’ and businesses’ interest in projects at the regional level.

Following on from that positive experience, on May 28, 2020 Decree of the President of the Republic of Belarus No. 177 “On Measures for the Development of the Southeastern Region of the Mogilev Region” was adopted to create additional conditions for the comprehensive social and economic development of the Southeastern region of the Mogilev region.

The document specifies the procedure for providing organizations with payments from the republican budget to partly reimburse the expenditures they will incur when implementing investment projects in 2021-2025 in the framework of the Program for the Social and Economic Development of the Southeastern Region of the Mogilev Region until 2025.

The Decree also extends until 2025 the main provisions of the Decree of June 8, 2015 No. 235 "On the Socio-Economic Development of the Southeastern Region of the Mogilev Region" which stipulates reduced rates for the income tax and contributions to the Social Protection Fund along with the public financing of expenses for the construction of engineering and transport infrastructure for the implementation of investment projects in agriculture and industry in the region.