News & Events in Belarus

MINSK, 20 July (BelTA) – Belarus hopes to implement new high-profile projects with the participation of China’s CITIC Group Corporation, Belarus President Alexander Lukashenko said as he met with CITIC Group President Wang Jiong on 20 July, BelTA has learned.

“In the near future, probably, in September I will hold top-level negotiations with my counterpart Xi Jinping in Beijing. We have a broad agenda, need to coordinate and solve many issues. I must admit that we strongly hope that by this time our ministries and agencies, enterprises and holding companies will not only find topics for negotiations with your company, but will also prepare draft documents for implementing serious projects in the two countries, firs of all, in Belarus,” the Belarusian President said.

The head of state remarked that Belarus has already done a lot with the participation of CITIC Group Corporation. “Your company is one of the biggest in the world, and I am very glad that we cooperate with this company. You are aware of the strategic character of relations between the People’s Republic of China and Belarus. And the work of your company in Belarus is entwined in the fabric of these relations,” the President said.

In spite of the protocol nature of the meeting, Alexander Lukashenko suggested discussing a number of concrete projects, issues, and problems which, perhaps, exist between the two sides in the implementation of joint projects. “I think that we need to do it today to avoid problems and doublespeak in the future. If there are problems, we are ready to solve them very quickly,” the Belarusian leader assured.

Wang Jiong, in turn, noted that all the efforts to implement projects in Belarus, including in the manufacture of cement and cars, modernization of Orsha Linen Mill, have been a success. “Upon the arrival to Belarus, I visited the construction site of the automobile plant BelGee and listened to the reports of the participants of the project,” he said. “We guarantee that we will do all the works and commission the facility by the end of the year. By the end of June 2017 we will also complete the project to upgrade Orsha Linen Mill.”

CITIC Group Corporation includes more than 40 affiliated companies and banking organizations that are registered and work both in China and abroad (in the United States, Canada, Australia, and other countries). The company specializes in financial activities, real estate and construction, production of mineral resources, information technologies, manufacturing, trade and provision of services.

Starting from 2009, for seven years in a row, CITIC Group has been included in the list of 500 biggest companies in the world. It was ranked 186^th in 2015. The company is currently implementing projects to the tune of $40 billion in China and abroad. The total cost of implemented projects is more than $15 billion.

A project on the turn-key construction of three cement plants has been implemented in Belarus. The projects to build the car factory BelGee and to modernize Orsha Linen Mill are underway. In May 2016, the company has launched the construction of a multi-purpose facility in Pobediteley Avenue in Minsk using its own funds.