The representative of the National Agency of Investment and Privatization participated in the Investment EuroSummit “CIS – EU” of the European Business Union on April 11, 2014 in London, UK.
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European Business Union is the largest European business-centered membership organization for leading companies and multinationals in Europe. Members of the European Business Union represent the highest level of companies with an annual turnover of more than one million euros and play a leading role in the future of their industry or country. The Council of the European Business Union includes European Commission, European Parliament, London Stock Exchange, BDO, CMS Cameron McKenna, DLA Piper, Ernst & Young, KPMG and others.
The agenda of the EuroSummit included panel discussions on the topics: “International capital markets: alternative means of raising capital”, “Creating a favorable investment climate in the region: risk management systems, taxation, legislation”, “Joint-ventures, public private partnerships as tools for attracting long-term investments”.
During the summit, the negotiations with members of the European Business Union were held on the subject of an investment attractiveness of the Republic of Belarus, the priority sectors of the economy and the preferences for the investor. There were conveyed information materials, established business contacts.
The United Kingdom is an important investment partner of the Republic of Belarus. There are about 273 companies with British capital operating in Belarus. The United Kingdom in terms of investments is in the second place in the ranking after the Russian Federation. The inflow of foreign direct investments (including debt to direct investor for goods, works and services) from Great Britain in 2013 amounted to 25.3% of the gross direct investment.
However, in terms of volume of foreign direct investment on a net basis (excluding debt to direct investor for goods, works and services) the United Kingdom is only in the sixth place in the ranking.
This statistic indicates unexploited potential for cooperation between two countries and the need for enhanced cooperation in the field of investment.