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27 Oct 2017

Belarusian-European Investment Forum opens in Luxembourg

Belarusian-European Investment Forum opens in Luxembourg

LUXEMBOURG, 27 October (BelTA) – The Belarusian-European Investment Forum entitled as Belarus. Invest in Tomorrow is taking place in Luxembourg, BelTA has learned.

Taking part in the forum are about 200 European businessmen. Belarus’ government and business delegations have come to Luxembourg to take part in the forum as well.

The main goal of the Belarusian-European Investment Forum is to create an effective and results-oriented, multi-level platform for establishing stable interaction between Belarusian loan and financial institutions and business entities and European partners and promote the strongest aspects of the Belarusian economy (IT, logistics) in the Western business community.

The program of the forum will include a plenary session and panel discussions. European investors will be provided with the information on the investment climate, banking system, and the liberalization of the financial legislation of Belarus.

A number of agreements are expected to be signed during the forum.

Luxembourg is Europe's leading and world’s second largest investment center behind the United States. There are about 3,900 investment funds and 143 banks in a country with a population of a little over 500,000 people. The total capital of the Luxembourg financial system exceeds €740 billion.

IT is another strategic development direction of Luxembourg. The country claims leadership in the third industrial revolution, which is based on digital technology. The convenient geographical location of Luxembourg has helped attract German, French, Belgian and Dutch companies to the forthcoming forum.

 

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