Minsk region to present projects worth over $100 mln at investment forum in Germany

Minsk region will present two investment projects at the Belarus Investment Forum in Frankfurt am Main, Germany. The projects provide for building a transportation and logistics center and a milk whey processing factory, Deputy Chairman of the Minsk region Executive Committee Alexander Yermak told media on 28 October.

The $20 million transportation and logistics center is supposed to be located in Rakov, Volozhin District. The Belarusian company Minoblmyasomolprom invites investors to build a milk whey processing factory in Nesvizh. Its cost is estimated to exceed $81 million.

In addition, at the investment forum a German company is expected to sign an investment contract to build a turn-key clinic for the Minsk region Clinical Hospital in the town of Lesnoi. The clinic is supposed to be able to welcome 900 patients per shift. The French-Russian company Danone-Unimilk is expected to sign an investment contract to build a full-cycle export-oriented enterprise that will manufacture tinned milk products and cheeses. The German company TDF Ecotech AG is expected to sign an investment contract to build a wind farm in Logoisk District.

According to Alexander Yermak, in January-September Minsk region attracted $113.8 million in foreign investments. The investments were mainly channeled into commercial manufacturing (43%), including mechanical engineering and metalworking, as well as into trade and public catering (24%). The transport infrastructure is developing. The top investors in Minsk region are Russia (27% of the total foreign investments), Cyprus (13.5%), Switzerland (11.6%), Latvia (10.4%), Germany (8.2%), and the UK (8.1%).

In Minsk regio there are 818 companies with a share of foreign investments, including over 480 joint ventures and 337 foreign-owned companies. In the oblast there are 87 companies with a share of German capital. The enterprise Henkel-Bautechnik that manufactures composites and primer paints, the enterprise Guhring-Bel that specializes in resharpening axial metal-cutting tools and applying wear-resistant coating are successful examples of German investments.

Aided by the Belarusian government, the Belarus Investment Forum will take place in Frankfurt am Main on 17 November 2010 as part of the Euro Finance Week. The event in the financial center of Europe will attract the attention of international organizations, investment funds, foreign companies, including major transnational corporations.

The forum is aimed at increasing the investment attractiveness of Belarus, presenting Belarus as a country with favorable business operation terms, inviting foreign businesses to implement investment projects in the republic. About 500 people, including at least 350 representatives of foreign companies, are expected to take part in the Belarus Investment Forum.

The Belarusian organizers of the forum are the National Investment Agency, the Embassy of Belarus in Germany, the Economy Ministry and the Foreign Ministry.

According to www.belta.by