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Lithuania seeks more investment activity from Belarusian companies

Partners should rely on mutual relations

By Mikhail Svetlov

Lithuania seeks more investment activity from Belarusian companies

Lithuania is currently implementing several projects in Belarus: in the production sector, trade and services. Not long ago, ARVI launched an animal by-product processing plant, Biovast, in the Lida District, also starting construction of a turkey production facility. Another two major projects are planned for the Mogilev Region. Additionally, the OMA construction hypermarket has opened in Minsk, run by Lithuanian Senukai and Finnish Kesko. Its owners plan to do so in each regional centre, also expanding their network of supermarkets across the Belarusian capital.

Unique Biovast Plant in Lida District
Unique Biovast Plant in Lida District

Lithuania is developing its restaurant network in the Republic, as the Ambassador Extraordinary and Plenipotentiary of Lithuania to Belarus, Evaldas Ignatavicius, explained during his opening of the Biovast Plant. He emphasised, “I hope more Lithuanian products will be found in Belarus soon. In 2015, electrification of the Minsk-Vilnius railway will be completed, cutting travel time between our two capitals to two hours, and simplifying communication. We are pleased by the growth of mutual tourist flow: up by around 20 percent this year. Cargo shipment via Klaipeda port has risen by 24 percent and, from January-June 2014, mutual trade turnover exceeded 1bn Euros (in 2013, it reached over 2bn Euros).”

The Ambassador Extraordinary and Plenipotentiary of Belarus to Lithuania, Alexander Korol, noted that the business circles of our two countries are demonstrating equal interest in co-operation — particularly in the key areas of transport, logistics and metallurgy, and regarding assembly facilities. Minsk Tractor Works’ manufactures are also a point of liaison and over 250 joint companies are engaged in export and import of goods. Belneftekhim has an office in Lithuania, while Lithuanian businessmen are bringing western partners to Belarus.

There are plans to set up an assembly plant for French KUHN agricultural equipment, in Kolyadichi, and to establish production of concrete products, and wooden pellets for the European market. A solar power station is even planned for Myadel.
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