Business news

MINSK, 7 December (BelTA) – The improvement of the business climate in Belarus and opportunities for investors were presented during the session of the Belarusian-German working group on trade and investments in Berlin on 6 December, BelTA learned from Dmitry Mironchik, Head of the Information Office, Press Secretary of the Belarusian Ministry of Foreign Affairs, on 7 December.

The agenda of the session of the working group on trade and investments included a broad spectrum of matters concerning Belarus-Germany cooperation in trade and investments, manufacturing cooperation, and the realization of the potential for cooperation in information technologies, logistics, and transport.

Members of the Belarusian delegation informed their German colleagues in detail about the systemic steps the Belarusian government is taking to improve the country’s investment climate. The German colleagues were also informed about new opportunities available to foreign investors in various fields thanks to existing preferential regimes.

The sides stated with satisfaction the positive dynamics in trade and the emergence of new German investment projects in Belarus, including in the China-Belarus industrial park Great Stone.

Problems with improving Belarus’ country credit risk rating in the rankings of the Organization for Economic Cooperation and Development were also discussed as well as Belarus’ accession to the World Trade Organization, bilateral cooperation in the banking and credit sphere.

An agreement was reached to hold the next session of the Belarusian-German working group on trade and investments in Belarus in 2018.

During the visit Belarusian Deputy Minister of Foreign Affairs Evgeny Shestakov also met with Andreas Peschke, Director for Eastern Europe, Caucasus, and Central Asia of the German Ministry of Foreign Affairs. The sides discussed the entire spectrum of Belarusian-German cooperation matters.