Belarus mulls over biograd project

A project to create a biograd for the production of pharmaceuticals can be implemented in Belarus, Prime Minister of Belarus Sergei Sidorsky said when visiting the Minskintercaps company.

“You can create a biograd or a bio-park involving 5 or 7 foreign companies,” Sergei Sidorsky said when addressing the company’s personnel.

During the next week the Prime Minister will be submitted proposals for improving the conditions for investment in the pharmaceutical industry. The terms that particular companies might be interested in will be thoroughly examined within a month.

According to Sergei Sidorsky, the biograd project will unite the companies by “common idea, common state support and common logistics.” The Prime Minister instructed to study the foreign experience in creating biograds, and also to look into the issues of training personnel of appropriate qualifications.

It is assumed that Minskintercaps and VitaMic created jointly by Minskintercaps and Slovakia’s Vita Pharma will make up the core of the biopgrad.

The biograd project is important for the country as it will attract new technologies, create new jobs, promote the production of import-substituting products, said Nikolai Zemskov, director for business development in the CIS, Vita Pharma.

“In fact, everything is in place to create such biograd in Belarus. We only need to hold negotiation on investment,” Nikolai Zemskov said.

According to the Belarusian PM, pharmaceuticals is a low-cost and highly efficient industry, which need to be developed. The Belbiopharm concern is now developing a program of pharmaceutical industry development for the period until 2015. According to the program, over $1 billion will be invested in the Belarusian pharmaceutical industry in the next five years.

According to