Business news

MOGILEV, 16 May (BelTA) – Mogilev Oblast and Turkey have a big potential in developing mutually beneficial trade and economic cooperation, Mogilev Oblast Deputy Governor Dmitry Kharitonchik said as he met with a delegation of Turkish businessmen on 16 May, BelTA has learned.

Mogilev Oblast and Turkey enjoy sustainable trade and economic relations. In 2015 the trade with Turkey exceeded $25 million. The export of Belarusian goods went up by 12.9%. This year also witnesses a positive trend in the export growth. Belarus’ main exports to Turkey include synthetic fiber, tires, newsprint. There are also new commodities Belarus has started shipping to Turkey. The Bobruisk tanning factory launched supplies of tannage to Turkey. Considerable progress has been registered in foreign trade in services. “This demonstrates that we still have an untapped potential in developing and strengthening cooperation,” Dmitry Kharitonchik said.

He drew the attention of Turkish businessmen to the region’s interest in attracting investment in the development of new high-technology manufacturing facilities and companies using local raw material. “We provide all-round support to such producers. Investors that put in their capital in the development of companies in small towns get serious preferences. We are still interested in setting up the Turkish industrial zone in FEZ Mogilev. We suggest setting up here a Turkish consulting company to expedite the implementation of the project,” Dmitry Kharitonchik said.

According to President of the Small and Medium-Sized Enterprises Development Organization at the Ministry of Industry and Trade of Turkey KOSGEB Recep Bicer, there are all necessary preconditions for the successful development of trade and economic cooperation between Belarus and Turkey at the level of the authorities of the two countries. “Now we need to learn more about the opportunities and the legislative base in Belarus in order to make a good start in the implementation of investment projects and the creation of new joint productions. Today’s meeting and also the talks between Belarusian and Turkish businessmen will give results in the near future. The KOSGEB organization is ready to support a number of initiatives of Turkish businessmen that decide to run business in Belarus,” Recep Bicer said.

Turkish businessmen held talks with representatives of companies from Mogilev and Mogilev Oblast at the business matchmaking session on 16 May. They also got familiar with the investment potential of FEZ Mogilev, visited several industrial companies – FEZ residents.