MINSK, Nov. 23 (Xinhua) -- Belarusian President Alexander Lukashenko on Thursday signed a key decree to improve business climate in the country, the presidential press service said.
The decree on the entrepreneurship development will radically change the way the government agencies interact with private companies, the press service said in a statement.
The document minimizes the interference of government officials with the operation of commercial entities and gives more leeway to private companies in how they manage their affairs while cranking up the responsibility of private companies before the public.
The decree also scraps the administrative barriers based on complicated and lengthy bureaucratic procedures, a large number of certificates, approvals, and permit documents.
The statement said the decree is designed to give an impulse to the advancement of entrepreneurship initiative, encourage business activity of citizens, and improve the country's overall business climate.
