FEATURES OF FINANCING INVESTMENT PROJECTS IN BELARUS

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Marina Zelenkevich
Leonid Zelenkevich

Abstract

Abstract. The article discusses the features of evaluation and financing of investment projects in reducing the share of investment in fixed assets in the Republic of Belarus, identifies the main sources of financing of investment projects, analysis of project selection problems for the financing of state budget support through innovation funds, including through the activities of the Belarusian Innovation Fund.

The aim of the article is to identify the features, problems and directions of the development of the financing system of investment projects in the Republic of Belarus.

Results. The problem of financing investments in the Republic of Belarus can develop in the following areas: the traditional use of own funds of organizations, although their share in the total financing of investments in the Republic of Belarus is reduced, as well as the use of state support through innovation funds, and in the long term the creation and functioning of interstate venture funds.

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References

Investments into the fixed capital of the Republic of Belarus (2017). Retrived from http://www.belstat.gov.by

National Bank of the Republic of Belarus (2017). Analytical review. Main tendencies in economy and monetary sphere Resp. Belarus. Retrived from htp//www.nbrb.by/publications/EcTendencies/rep_2016_01_ot.pdf

National Statistics Committee of the Republic Belarus (2017). Investments in the fixed capital of the republic. Belarus by sources of financing Retrived from ://www.belstat.gov.by/

Russian Venture Company, its structure InfraFond and the Belarusian Innovation Fund announced the creation of a joint Russian-Belarusian Venture Capital Fund (2017). Retrived from http://myfin.by/stati/view/7634-rossiya-i-belarus-obyavili-o-sozdanii-venchurnogo-fonda-na-23-mln-dollarov