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Opinions & Interviews

26 Oct 2016

World Bank: Investors' interest in Belarus increasing

World Bank: Investors' interest in Belarus increasing

MINSK, 26 October (BelTA) - The World Bank notes the increasing interest of investors in Belarus, Young Chul Kim, World Bank Country Manager for Belarus, told reporters, BelTA has learnt.

Young Chul Kim emphasized that Belarus’ movement up in the Doing Business will be a good signal for investors. Macroeconomic indicators in the country have stabilized thanks to the consistent and thorough work of the government and the National Bank. The interest in Belarus among investors is increasing. We see a growing interest in the country, especially in the past year.

According to the head of the World Bank Office in Belarus, investors show interest in such areas as transport, petrochemical industry, pharmacy, IT. Young Chul Kim drew attention to the fact that this has become possible due to a number of reasons, among which is the stabilization of the macroeconomic situation in the country, development of relations with other states, the membership of Belarus to the Eurasian Economic Union.

Young Chul Kim recalled that in 2007 Belarus ranked 129th on Doing Business out of 175 countries. This year it reached the 37th position among 190 dates. This in itself is an achievement. It is obvious that Belarus is among the countries which show very good results with regard to the creation of the environment conductive to business. But the state must benefit from these efforts which should materialize in an inflow of new investment in the country. Young Chul Kim noted that Belarus should carefully examine the measures and practices applied by the top-placed countries and try to adapt and replicate them.

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