OREANDA-NEWS. November 03, 2011. Belarus President Alexander Lukashenko met with Prime Minister Mikhail Myasnikovich to receive his report.

On the agenda of the meeting were efforts to maintain stability on the foreign exchange and consumer markets, housing construction subsidized by the government and agricultural construction.

The President emphasized that local authorities should encourage companies to invest in their own growth. The government should help local authorities with that.

The head of state noted that the modernization of all livestock farms should be financed out of own funds of enterprises and local budgets. Moreover, the government should provide targeted support to boost output and promote growth. The Prime Minister said that the relevant changes will be made in the investment program.

Moreover, the meeting focused on housing construction, in particular, upon previously concluded agreements and those where the houses were to be commissioned in 2011. The government will provide loans despite any issues on the foreign currency and financial markets. In 2011 six million square meters of housing is to be commissioned.

The President ordered to step up efforts to raise investments into the raw materials industry. This pertains, first of all, to the Petrikov potash deposit. Six enterprises, including companies from China, Ukraine, Kazakhstan and a Canadian-Chinese joint venture, are interested in buying the potash deposit. The head of state demanded that Belarus should make the most of this business.

The head of state gave a month to fulfil this task. In late November the Prime Minister will have to report to the President about the work to select the best investor and to submit the relevant draft decree.