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The Belarusian government will work on decriminalizing economic risks. First Deputy Prime Minister of Belarus Alexander Turchin made the statement during the KEF 2018 forum in Minsk on 5 November, BelTA has learned.
The official said: “I hope we will soon put the matter to rest in rescinding presidential decree No.488 [on pseudo-entrepreneurship]. After that we will start discussing the problem. If we manage to resolve it, it will fundamentally change Belarus' investment climate for the better. It will greenlight a massive inflow of capital. I am talking about decriminalizing economic crimes.”
The first deputy prime minister believes that economic methods of enforcing the law can be more effective than the standard law enforcement practice. “It is a fundamental decision. It will certainly require thorough discussions. Naturally, it is up to the head of state to make the final decision,” he added.