Diverse variety of attractive offers made

14th International Investment Forum in Grodno sees over 40 projects offered to potential investors
By Nikolay Efimov

The event is being held within the framework of the 14th Republican Universal Fair Euroregion Neman-2012. Held for the fourth time, it aims to enhance co-operation between Grodno enterprises and foreign countries, raising export sales and the investment potential of the city, while promoting the implementation of investment projects — concluding agreements and creating joint ventures.

According to the Chairman of the Grodno City Executive Committee, Boris Kozelkov, this year, about 200 guests from 20 countries will take part in the forum, as well as representatives of Neman business circles. The economic event in Grodno will be attended by ministries and departments and by the diplomatic corps in Belarus (from Armenia, Bulgaria, Hungary, Kazakhstan, China, Lithuania, Moldova, Poland, Serbia, Slovakia and elsewhere). Businessmen and officials will arrive from eight twin cities and cities which enjoy friendly relations, as well as businessmen from Germany, Italy, Latvia, Lithuania, Poland, Russia, Finland and France.

This year, the forum provides online presentations of investment sites and projects around Grodno, including those at the free economic zone of Grodnoinvest and the tourist-recreational park of the Avgustovsky Canal. According to Boris Kozelkov, nine of over 40 investment proposals for the regional centre will be presented in industrial sphere. These include reconstruction of air separators for methanol plant Grodno Azot JSC, production of cardan shafts for Belcard, reconstruction of cheese production at Milky World and construction of a tannery in Grodno. Retail and tourism facilities are also planned, such as the construction of a river station on the Neman and a river port reconstruction. Potential investors are sought to develop the tourist and recreational park of the Avgustovsky Canal, part of which is located in the Grodno.

The last three forums resulted in the signing of six agreements on economic, trade and cross-border co-operation, business development and the attraction of foreign investments into the regional centre. Three companies with foreign capital are already registered in the free economic zone of Grodnoinvest.
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