Belarus’ business operation terms improving, UK Ambassador says


According to the Ambassador, it is Belarusain western areas that British business circles have the tightest ties with. The great potential for promoting mutually beneficial cooperation is obvious. British companies are interested in making investments primarily where business operation terms are favorable, where the business climate has a stable foundation, said Rosemary Thomas.

Twenty business entities with a share of UK capital are registered in Grodno region. In 2009 the region attracted $3.5 million in foreign investments from the UK, including $100,000 in direct investments. In January-September 2010 the region attracted $600,000 in foreign investments, including $500,000 in FDI. The companies specialize in manufacturing office furniture, forest harvesting, wood bucking and shaving, outerwear manufacturing, production of plastic slabs, strips, pipes and rolled sections.

In January-October 2010 Grodno regiont-UK trade totaled $14.3 million, 11.2% up, with Grodno region’s export at $1.4 million.

While in Grodno region the Ambassador met with top executives of the Grodno region administration to discuss the state and prospects of mutually beneficial cooperation. The Ambassador is expected to visit the free economic zone Grodnoinvest, in particular, the joint venture Zov-Plita. Rosemary Thomas is expected to visit the Yanka Kupala State University of Grodno and meet with students.

According to www.belta.by