New challenges surely need to be discussed in advance

Belarus preserves business climate — favourable for foreign investors

Belarus preserves business climate — favourable for foreign investors, notes Director of International Relations and Communications at Lithuanian ARVI Group, Algirdas Kumža, at the 11th Belarusian-Lithuanian Economic Forum.

At the Belarusian-Lithuanian Economic Forum

ARVI is implementing several investment projects in Belarus to set up new production facilities, with unique animal by-product processing plant already up and running in the Lida District. Mr. Kumža noted that the Lithuanian side is interested in successful completion of all projects in the country. “We’ll fulfil all our obligations. It’s important that Belarus retains its favourable investment climate,” he said.

In his turn, Lithuania’s Ambassador to Belarus Evaldas Ignatavicius stated that the two countries have already achieved some success in transit transport, tourism and agriculture. “A lot of funds were invested in our common projects in border regions, and we need to continue this co-operation in the future,” believes the Ambassador.

However, new challenges are constantly emerging, and they should become the subjects for discussion at economic forums. According to Evaldas Ignatavicius, this is about the improvement of transit transportation to Kazakhstan, China and other Asian countries, as well as the development of alternative energy and new areas of interaction in agriculture.

The 11th Belarusian-Lithuanian Economic Forum was held in the city of Marijampole. The forum primarily discussed trade-economic and investment co-operation between Belarus and Lithuania, including collaboration in the field of transport, transit and logistics, financial markets and banking services, alongside agriculture and food industry.

By Alexander Pimenov
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