Press Centre
The heads of the National Agency of Investment and Privatization and the Belarusian Universal Commodity Exchange, in a meeting held on 14 January 2020, discussed opportunities to develop collaboration in attracting foreign businesses interested to enter the Belarusian market via the exchange’s e-platform.
NAIP and BUCE plan to organize joint business events in and outside Belarus with the aim to promote exchange trading instruments and strengthen our country’s commerce and investment potential.
“Every year we receive hundreds of foreign business delegations representing various business sectors: from wood processing and construction to logistics and manufacturing. All these companies need, firstly, reliable partners among Belarusian companies and, secondly, raw materials and technological equipment for the implementation of investment projects. The exchange can meet both of these needs. In this regard, we would like to include a visit to your organization as a mandatory item in the programs of business visits scheduled for the current year. In my opinion, this will benefit all parties concerned,” NAIP Director Dmitry Krasouski said.
BUCE Chairman of the Board Aleksandr Osmolovsky confirmed the readiness to unite efforts with NAIP in organization of business forums, conferences, seminars and other events to enhance foreign economic relations of Belarus, including necessary information and financial support.
The Belarusian Universal Commodity Exchange was founded in 2004. Its first trading session was held in June 2005. BUCE is one of the largest commodity exchanges in Eastern Europe. The exchange assists Belarusian companies with exports of metal, forestry and agricultural products, industrial and consumer goods, as well as renders support to foreign companies in entering the Belarusian market.
National Agency of Investment and Privatization and the international company TRANSPROEKT Group will unite efforts to promote mechanisms of public-private partnership (PPP) for investment projects in Belarus aimed at the enhancement of social infrastructure.
A relevant agreement on strategic partnership was signed on 13 January 2020 during an online meeting with participation of Mr. Dzmitry Krasouski, NAIP Director and Mr. Vitaly Maksimov, Chairman of the Board of TRANSPROEKT Group, CEO of TRANSPROEKT Overseas.
The document provides for mutual consultative assistance, joint elaboration of draft policy papers, development of measures to support private investors, as well as formulation of proposals on further improvement of national legislation in the sphere of PPP in Belarus.
In the course of the meeting NAIP Director Dzmitry Krasouski confirmed the Agency’s interest in supporting business initiatives for the development of infrastructure in Belarus. He also emphasized that the Agency is open to cooperate with TRANSPROEKT Group not only in terms of PPP, but also within other formats of investment attraction in the future areas of growth.
“Joint work is impossible without a pragmatic approach of both sides towards the implementation of concrete projects, as well as reliance on the mechanism of private-public partnership which has no alternatives when it comes to development of social infrastructure. Previous successful experience will just support us, whereas challenges faced by our countries can only be addressed through joint efforts to result in a modern and advanced transport, engineering and social infrastructure of the Republic of Belarus,” Vitaly Maksimov said.
TRANSPROEKT Group is a non-governmental development institution which specializes in attraction and management of investments in the comprehensive and sustainable development of territories through mechanisms of PPP and concession agreements in the Russian Federation and CIS. Since 2012, its international division TRANSPROEKT Overseas, LLC takes part in the efforts to create conducive conditions for utilization of PPP mechanisms in Belarus.
On 10 December 2020, Deputy Director Palina Toustsik participated in the third Business Forum devoted to the development of an innovative industrial cluster in the field of biotechnologies and “green economy” held at Polessky State University.
During the forum Deputy Director has visited the exhibition of innovative produce by participating companies, conducted substantive talks on potential avenues for cooperation between the Agency and the represented companies with the aim to seek and attract investments in the sphere of biotechnologies and “green economy”.
A project on cultivating paulownia tomentosa (one of the fastest growing plants in the world) currently under development at the laboratory for DNA and cell technologies in crop farming and livestock breeding has sparked a particular interest.
An Agreement on Cooperation was signed between the National Agency of Investment and Privatization and the “Polesye Technology Park” LLC to pave the way towards relevant bilateral collaboration and further promotion of conducive investment climate in Belarus.
In the framework of the forum P.Toustsik also held a presentation on Agency’s activities and advantages of using Investor’s Roadmap interactive portal for the purpose of seeking investors.
Deputy Director, accompanied by Mr. Nikolay Kruchinsky, Provost for Academic Affairs and Doctor of Medical Science, has also reviewed the university’s science and technology facilities, including the laboratory where advanced research in genetics and immunology are being carried out.
On 9 December 2020, the leadership of the National Agency of Investment and Privatization, accompanied by Mr. Dmitry Rudchenko, Chairman of FEZ “Minsk” administration and Mr. Piotr Filipovich, Deputy Chairman for Investment and Legal Activity, visited site No 1 (Shabany), site No 2 (Privolny) and site No 10 (Fanipol) of this preferential regime’s territory.
The potential, dynamics and prospects for further development of the free economic zone were reviewed during the visit with particular focus on the expansion and enhancement of this territory’s infrastructure, creation of new workplaces and efficient utilization of available land plots.
Upon the meeting, the participants agreed to re-energize the collaboration between NAIP and FEZ “Minsk” administration in the framework of Belarus investment attractiveness promotion and support of initiatives by Belarusian and foreign businesses.
