The International Fund for Co-operation and Partnership of the Black Sea and the Caspian Sea (BSCSIF) suggests the realisation of a large innovation project in Belarus

The International Fund for Co-operation and Partnership of the Black Sea and the Caspian Sea (BSCSIF) suggests the realisation of a large innovation project in Belarus

Belarus discussed the implementation of joint projects in high-tech branches with the BSCSIF during a meeting between President Alexander Lukashenko and the Fund’s President, Ismail Safi.

Mr. Lukashenko stressed that Belarus is very interested in the development of high-tech science-driven industries. “The plans for this five-year period and the next one rely on science and the latest technologies. Of course, we are interested in the prospects lying in such fields as nano-electronics, storage and accumulation of energy and others and this is something that your fund is doing,” noted the Head of State, addressing the foreign guest.

According to Mr. Lukashenko, the BSCSIF is a very strong organisation, which unites 28 countries. “This is a strong association, both economically and financially. I think it will be able to have a significant influence, or already has, on the development of the regional economy. If the fund shows good results, we can make a significant contribution to the development of the global economy,” believes Mr. Lukashenko.

The Head of State assured that he is ready to provide all possible support to the fund’s work in Belarus. “I guarantee full support to your fund. You know my policy. In this regard we are absolutely transparent and honest. We would like to see everything that you have promised implemented,” he said.

In his turn, Mr. Safi thanked the President of Belarus for the promise of co-operation. He drew particular attention to the geographical position of Belarus, which is located in a strategic point and connects Asia and Europe.

The BSCSIF offers Belarus an innovative project which includes sub-projects in electronics (the production of appliances), power engineering (production of nano-carbon fibres for transmission lines), and road construction (lightweight building constructions), as well as the manufacturing of hydrogen fuel engines.

As Mr. Safi himself comes from Turkey, he expressed the hope that the implementation of joint projects between Belarus and the BSCSIF will give an additional impetus to the development of Belarusian-Turkish co-operation.