Over 60 diverse investment projects being realised in Belarus
Belarus’ Deputy Prime Minister, Igor Petrishenko, delivered a speech at a plenary session of the Second Eurasian Congress in Moscow stating that more than sixty investment projects are being realised in the country in different spheres
“Among them are the Belarusian nuclear power plant, the Omsk Carbon Mogilev carbon black plant, the Oilseed Processing Plant in the Grodno Region (Sodruzhestvo Group, Smorgon, acts as an investor), the Nezhinsky Mining and Processing Plant (Safmar Industrial and Financial Group is its investor). Over 2,000 organisations with Russian capital operate in our country at present,” Mr. Petrishenko said.
The official informed that, in 2020-2021, foreign investment flows have been redistributed from the EU countries in favour of the Eurasian Economic Union member states. The share of the latter in the volume of foreign investments made 45 percent in January-September 2021 – against 30 percent of the EU countries.
“Russia traditionally occupies leading positions among the countries investing in Belarus. The share of its direct investments on a net basis has not fallen below 19.9 percent over the past 10 years. I think this is a good example of cross-country investment co-operation,” he added.
Mr. Petrishenko noted that investment activity is based on a powerful platform of cross-country industrial liaisons which embraces more than 1,300 joint ventures. About 8,000 enterprises of the two countries co-operate.
“BelAZ JSC is a vivid example of co-operative relations. It liaises with Rusnano and Rosatom as part of innovative industrial co-operation. For example, a new robotic complex of electric arc metallisation – developed by a Rusnano company specially for BelAZ – performs a full cycle of operations to prepare the surface of parts before applying wear-resistant coatings. This ensures reliability of dump truck mechanisms under huge loads,” the Deputy Prime Minister said.