Belarus signs about 20 investment agreements worth $2.7bn in Germany

About 20 investment agreements worth $2.7 billion were signed at the Belarusian Investment Forum in Frankfurt am Main, Prime Minister of Belarus Sergei Sidorsky told reporters.

“Twenty agreements were signed yesterday. They relate both to the economic development of Belarus with the help of German capital, and with the capital from other EU countries,” the Prime Minister said. As an example of major projects, Sergei Sidorsky cited the construction of a new sheet rolling plant in Zhlobin jointly with an Italian company. A business plan of this project with a rigid construction schedule will be prepared within the next months. Estimated investment under the project is €0.6-1 billion.

An agreement was reached to set up a glass production facility in Gomel.

An agreement was signed to build a mining enterprise in Smorgon with the investment amounting to €200 million. It is planned that the facility will export all its output.

Apart from large projects, regional authorities as well as ministries signed smaller contracts that are believed to give a boost to the Belarusian economy, too.

The premier mentioned his meetings with representatives of the banking community. He added: “With the help of banks we have established cooperation with such large companies as Siemens, Klaas, and the European Potash Company that have made a series of investment proposals to Belarus”.

All in all, over 140 projects were presented at the Belarusian Investment Forum in Germany.

According to Sergei Sidorsky, initially five cities were considered as the place to hold the forum. Frankfurt am Main was chosen as the host of the Euro Finance Week. Belarus’ investment potential was presented as part of the Week.

“We were pleasantly surprised that the forum was attended by over 700 representatives of different companies from 36 countries. The Belarusian Investment Forum in Frankfurt am Main aroused a genuine interest,” the premier said.

According to