Belarus’ pharmaceutics to get $1bn in investment in 2011-2015


Belarus’ pharmaceutical industry will get $1 billion worth of investments in 2011-2015, Prime Minister of Belarus Sergei Sidorsky said when visiting the Minskintercaps company.

Sergei Sidorsky stressed that the pharmaceutics development program up to 2015 is now being drafted. According to the document, by 2015 the share of Belarusian medicines in the domestic market will reach at least 50%. To date the share is 23%.

According to the prime minister, “pharmaceutical market will become more competitive.” For example, Russia has designed a very strong program of development of this industry.

In this respect Belarusian pharmaceutics will get more investments. “We will provide $1 billion for the pharmaceutical industry,” Sergei Sidorsky said. He stressed that within five years a number of new import-substituting enterprises will be built in Belarus.

The pharmaceutical industry has good development prospects, the prime minister believes. “We should go forward by leaps and bounds,” he said. Sergei Sidorsky said that foreign investors are interested in Belarus.”

According to www.belta.by