RESOLUTION OF THE MINISTRY OF ECONOMICS OF THE REPUBLIC OF BELARUS

of July 25, 2014 No. 55

About establishment of form of the conclusion according to the investment project

Based on part two of item 4 and paragraph one of Item 11 of the Regulations on procedure for the organization of development, approval and consideration of business plans of investment projects, and also the conducting examination of investment projects approved by the resolution of Council of Ministers of the Republic of Belarus of May 26, 2014 No. 506, the Ministry of Economics of the Republic of Belarus DECIDES:

1. Establish the conclusion form according to the investment project prepared by results of conducting local examination of the investment project * according to appendix.

2. Bring in the Rules on development of business plans of investment projects approved by the resolution of the Ministry of Economics of the Republic of Belarus of August 31, 2005 No. 158 (The national register of legal acts of the Republic of Belarus, 2005, No. 158, 8/13184; 2008, No. 18-19, 8/17772; 2012, No. 48, 8/25350), following changes and amendments:

2.1. in Item 1 of the word "to the state bodies, other state organizations subordinated to the Government of the Republic of Belarus" shall be replaced with words "to republican state body, other organization subordinated to the Government of the Republic of Belarus, regional (The Minsk city) to executive committee in which subordination (which) is (in structure which system (which) enters) the legal entity initiating and (or) realizing the investment project if such subordination is available, or to competence of which (which) the questions connected with production, performance of works, rendering services belong";

2.2. state Items 2-5 in the following edition:

"2. For the purposes of these rules the following concepts and determinations are used:

the business plan - the document containing interconnected supplied and the information confirmed with the corresponding researches, reasons, calculations and documents on the developed organization activity tendencies (its potential) and about implementation in the predicted conditions of the investment project (further - the project) at all stages of its lifecycle (pre-investment, investment and operational, in need of liquidating), and financial feasibility of the project, contribution to economy of the organization, the region, industry, the country (influence on indicators of social and economic development of the republic) allowing to make efficiency evaluation;

the pre-investment stage - the period preceding implementation of investments in which the developed tendencies of financial and economic organization activity and its potential come to light is determined the concept of the project, the fundamental information necessary for the development of the preproject documentation, the business plan and other documents required at this stage is created and also their development is carried out;

investment stage - designing of the object created as a result of project implementation, updating, if necessary, the business plan, construction of buildings and constructions, acquisition of the equipment and commissioning of the facility, state registration of creation of real estate object and emergence of the rights to it;

operational stage - functioning of object and its maintenance in competitive condition;

liquidating stage - project completion, liquidation (preservation) of object.

3. At pre-investment stage the customer, the investor and other interested make the final decision on feasibility of project implementation.

4. Forming of the fundamental information necessary for development of the business plan is performed at pre-investment stage by means of:

market researches of sale of goods, products, works, services (further - products) and their segments (with preparation of the marketing report), raw zones, and also determination of balances of production and the consumption allowing to make the final decision on feasibility of production of specific type of products or growth in volumes of its release;

researches on the choice of the technologies and the equipment capable to provide release of competitive products, the analysis of offers from suppliers of the equipment, information on technical characteristics, cost and conditions of its delivery;

studies of alternative options of project implementation and determination optimum of them;

developments in the cases of reasons for investments established by the legislation;

determinations of possible suppliers of the equipment and technologies, and also raw materials, materials and components;

search of investors, determination of the scheme and sources of financing of the project;

preparation other supplied and the information necessary for accomplishment of financial and economic and other calculations of the project, risks assessment of its realization.

5. Development of the business plan includes generalization supplied and the information on the project received at pre-investment stage, their refining including by means of carrying out additional researches, negotiations with potential investors, banks, suppliers of the equipment and material resources, consumers of products, accomplishment of the corresponding calculations and implementation of other actions promoting preparation of the objective information on the project.";

2.3. exclude Item 6;

2.4. Item 7 part one in paragraph one "cases" to replace the word with the word "purposes";

2.5. state Item 9 in the following edition:

"9. Are part of the business plan:

the title page, content, descriptive part of the business plan stitched in the separate book;

the financial and economic calculations of the project according to tables according to appendix 4 or appendix 5 to these rules stitched in the separate book;

copies of the documents confirming the basic data according to the business plan stitched in the separate book(s).";

2.6. in Item 10:

state part one in the following edition:

"10. On the title page names of the project, the organization - the initiator of the project (further - the initiator) are specified, to the attracted organization - developer (further - developer) the business plan, the claiming signatures of their heads certified by seal, approval date of the business plan, requirement of confidentiality of the document.";

"which enters word parts two) the organization - the initiator of the project or in management of which there are its shares (share in authorized funds)" shall be replaced with words "which system enters) the initiator if such subordination of the initiator is available or within the competence of which the questions connected with production are";

2.7. in Item 12:

the second to state part in the following edition:

"Reasons for the expected changes in organization activity in case of project implementation, and also the predicted basic data are given in all Sections of the business plan.";

2.8. state Item 13 in the following edition:

"13. By results of calculations of the business plan in case of representation to potential investors, governing body on its request, other interested with the consent of the initiator of the summarized information on the project it is drawn up: the passport of the investment project - when carrying out calculations in full; the investment offer - when carrying out calculations according to the simplified requirements.

The main information on the organization is reflected in the passport of the organization which joins in the Section of the business plan "Characteristic of the Organization and Strategy of Its Development".

The investment offer, the passport of the investment project and the passport of the organization are drawn up according to appendix 1 to these rules.

By preparation of the business plan with participation of developer information on him is reflected in the Section "Information about the Developer of the Business Plan" which joins after the Section "Legal Plan".";

2.9. in Item 14:

in part one:

in paragraph one to "preparation" to replace the word with the word to "development";

to state the paragraph of the sixth in the following edition:

"in full calculations of the business plan are carried out according to tables according to appendix 4 to these rules.";

in part three:

words "in governing bodies the main tabular material determined in appendix 5 to these rules is represented. At the same time financial and economic calculations are perfromed" shall be replaced with words "calculations of the business plan can be made according to the simplified requirements according to tables according to appendix 5 to these rules";

to "preparation" to replace the word with the word to "development";

the fourth to state part in the following edition:

"By preparation of basic data of the business plan the following documents are used:

annual accounting records of the initiator for 2-4 years, preceding the planned year of the beginning of project implementation (for the initiators created less than for 2 years, preceding the planned year of the beginning of project implementation - for the period activities), and also accounting records for current period, other reports and the reporting of the initiator;

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