EU welcomes Belarus' steps to improve investment climate

EU welcomes Belarus' steps to improve investment climate

The European Union welcomes the measures taken by the Belarusian government to improve the investment climate. This was announced on September 29 in Minsk by Head of Unit at the Directorate-General for Neighborhood and Enlargement Negotiations of the European Commission Vassilis Maragos.

Minsk is hosting the forum "Expanding Horizons: investment, finance and development", which brought together representatives of government agencies, the EU's largest financial institutions, the Eurasian Economic Union and China, as well as potential investors. Experts note a good dynamism in the creation of conditions for attraction of foreign capital, as well as the development of entrepreneurship in our country.

Vassilis Maragos, Head of Unit at the Directorate-General for Neighborhood and Enlargement Negotiations of the European Commission:
The European Union is ready to assist Belarus in attracting investments. For the EU it is important to understand in this case that Belarus is ready for further reforms, the creation of favorable conditions for attracting investment, strengthening its reputation. Belarus has taken significant steps towards reforms, improvements in the business environment and investment climate. The European Union welcomes these steps.

The forum will be held over two days. During the event, experts will try to work out a road map that will set the guidelines for attracting investments in the public and private sectors of the Belarusian economy. One of the problems to be solved in the coming years is the transition from loans to direct investments.

Alexander Yaroshenko, Deputy Minister of Economy of the Republic of Belarus:
Given the fact that our internal resources are indeed limited, we would like external sources to take a worthy place in our investments. We estimate it somewhere around the fifth part, about $5 billion. Such investments should be attracted with the help of foreign investors. And this forum, I hope, will contribute to the achievement of such figures.