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Opinions & Interviews

24 May 2016

Belarus named promising market for European Union’s private sector

Belarus named promising market for European Union’s private sector

VIENNA, 24 May (BelTA) – Belarus is a promising market for European Union private companies. European Commissioner for European Neighborhood Policy and Enlargement Negotiations Johannes Hahn made the relevant statement on the sidelines of the Belarusian-European investment forum in Vienna on 24 May, BelTA has learned.

“Belarus is a new market for the business community of the European Union. Over nine million people live in Belarus. The country has a large potential because it is an attractive place for doing business,” noted Johannes Hahn.

In his words, countries should diversify their export for the sake of becoming less dependent on external shocks and the economic situation in individual states.

The forum to attract European investments to the Republic of Belarus took place in Austria’s capital city Vienna on 24 May. Over 120 people took part in the event. Apart from Austrian companies interests of the European business community were represented by businessmen from Germany, Italy, Bulgaria, Belgium, Netherlands, France, Latvia, Hungary, and Slovakia. President of the Federal Economic Chamber of Austria Christoph Leitl took part in the forum as well as representatives of the European Commission and the European Bank for Reconstruction and Development, Eurochambres (the Association of European Chambers of Commerce and Industry), and heads of the chambers of commerce and industry from Western and Central European countries.

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