Money will come from the South

The leading international banks will provide Belarus with resources in amount of more than 210 million Euro
Within the ceremony of OJSC Belagroprombank representation office opening in Milan appropriate agreement had been signed. Belarusian delegation headed by deputy Prime-Minister Ivan Bambisa and more than 100 representatives of Italian governmental, business and financial circles had taken part in the ceremony. The deputy Prime-Minister was accompanied by representatives of National Bank, Ministry of Finances, Minsk Agricultural Products, Belarusian Metallurgical Plant, national parks “Belovezhskaya Pushcha” and “Pripyatsky” and other enterprises belonging to Belarusian agro-industrial complex.

Being the first Belarusian financial structure on the territory of Italy the representation office of OJSC Belagroprombank will intend to attract Italian and European financial resources for realization of very important for Belarus investment projects. Ivan Bambisa had conducted negotiations in Milan with assessors (Regional Ministers) on matters of industry and tourism of the district Lombardy, General Director on industrial activity of Milan city executive board, Administration of Lombardy Industrial Association “AssoLombarda”. At the meetings prospective lines of cooperation in investment as well as in foreign trade spheres had been discussed. Advantages of cooperation with Belarusian financial sector had been presented to the Administration of Institute of foreign loans insurance of Italy (SACE) of a largest Italian financial group “UniCredit”. Belarusian delegation had visited major industrial companies due to this fact was initiated consideration of projects on creation of new assembly lines for agricultural equipment and modern manufacture of bio-diesel fuel, on modernization of Agro-industrial complex power by high-technology Italian equipment, on cooperation in the sector of agro— and eco-tourism.

Alexander Sokolov
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