Many of Belarus’s highly lucrative state-run collectives are now available to private foreign investment. Here is an example of foreign investment in the agricultural sector.
Stotz Agro-Service GmbH imports and sells state of the art farm equipment, including tractors and combine harvesters, in Belarus.
The German-based business began trading in the republic in 1991. Its opened an office in Minsk in 1996, which today is home to a 26-strong sales team. As well as selling equipment, the firm provides assistance with financing, training, spare parts and after sales. Its service and parts team consists of more than 50 employees.
The company also owns and runs Stotz Farm, a former collective dairy and cereal farm 20km outside Minsk, where it manages a herd of 800 cattle on 5000ha. Since 2000, Stotz Agro-Service’s investment in Belarus stands at US $30 million and the company employs 420 people.
Lorenz-Peter Stotz, Founder of Stotz Agro- Service said: “We see our investment in Belarus, as a country with a strong investment climate and an evolving agricultural market, on a long term basis. We are determined to continue to grow and succeed in the republic, building long standing relationships and establishing our position as a central player in the important Belarusian agricultural industry.”