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27 Oct 2017

Belarus ready to use cutting-edge investment instruments

LUXEMBOURG, 27 October (BelTA) – Belarus is ready to use the most up-to-date investment instruments. Prime Minister of Belarus Andrei Kobyakov made the statement during the opening ceremony of the Belarusian-European investment forum Belarus. Invest in Tomorrow in Luxembourg on 27 October, BelTA has learned.

Andrei Kobyakov said: “We are ready to use the most up-to-date forms of investments ranging from foreign-owned enterprises and joint ventures to concession agreements and public private partnership. All of those are now part of the Belarusian legislation. Development and access to the transport infrastructure and energy infrastructure in Belarus are the best ones in Eurasia. Don’t take my word for it. Just come to Belarus and see for yourself. The Belarusian government will do everything to make the country the best place for your projects to come to fruition.”

Andrei Kobyakov underlined that Belarus had opened its economy to foreign investments, mutually beneficial cooperation and manufacturing cooperation. Belarus is ready to set up joint ventures, build factories together, and get integrated into transnational corporations.

“The entire world, financial institutions, the architecture of the world market are radically transforming in front of our very own eyes. We clearly understand that the countries, which fall back now, will never be able to catch up later on. Integration and manufacturing cooperation, structural reforms, and institutional development are the answer to challenges of global competition,” noted the prime minister.

Andrei Kobyakov stated that foreign business had created about 6,000 enterprises in Belarus and earned over $1 billion in profit in 2016 alone. “Two thirds of the sum was reinvested. It means that the companies operating on the Belarusian market understand their choice was right. They develop their business here by investing their money. We are thankful to them,” said Andrei Kobyakov.

The prime minister thanked participants of the forum for accepting the offer to attend the forum and discover Belarus. “You’ve made the right choice. It is a choice in favor of business cooperation and partnership in the center of Europe between the European Union and Eurasia,” he summed up.


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