Business news

MOSCOW, 22 November (BelTA) – The Eurasian Development Bank is interested in being present in the Hi-Tech Park in Belarus, BelTA learned from EDB Chairman of the Board Andrei Belyaninov on 22 November.

The executive said that the bank is extremely interested in its own presence and the presence of its partners in the Hi-Tech Park. Andrei Belyaninov noted that a Russian company is considering residency in the Hi-Tech Park.

The Eurasian Development Bank is considering several projects in Belarus. They deal with road construction and repairs, utilities industry, and power engineering industry. Negotiations are underway. The projects are at different stages of readiness. For instance, the construction of gas turbine generators for the Belarusian nuclear power plant is under consideration. The bank is waiting for results of the relevant tender in order to sign contracts with the equipment vendors and finance the deliveries.

An international conference Eurasian Economic Integration took place in Moscow on 22 November. Heads of ministries and government agencies, top officials of the Eurasian Economic Commission, national companies, representatives of international finance organizations, scientific and business circles from the countries, which are participants of the bank, foreign experts and scientists took part in the conference. The plenary session was focused on prospects and challenges of integration in the Eurasian Economic Union. The use of national currencies for transactions inside the EAEU was high on the agenda.

The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with a view to facilitating the development of market economies in the member states, their sustainable economic growth, and the expansion of mutual trade and economic ties. The EDB's charter capital stands at $7 billion. The member states of the bank are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan.