Administration of the FEZ took part in the 10th Day of the German Economy in Belarus
The administration of the FEZ Grodnoinvest took part in the meeting of the 10th Day of the German Economy in Belarus, which took place on September 26, 2019 in Minsk.
The event was attended by representatives of the business of Belarus and Germany, republican and local authorities, international organizations. The delegation of German business circles was headed by Ulrich Nusbaum, State Secretary of the Ministry of Economy and Energy of Germany.
Belarus is a profitable economic partner for Germany and both countries are focused on long-term trade and economic relations, said Ambassador of the Federal Republic of Germany to Belarus Manfred Huterer in his speech at the forum.
The Minister of Economy of Belarus Dmitry Krutoy made a report on the current state of cooperation between Belarus and Germany and the prospects for increasing German investments. He noted that in 2018 almost $ 400 million of investments from Germany were attracted and the task for the coming years is to increase this indicator to $ 1 billion.
During the event, the results of the investment study “Reforms to Promote Economic Growth and Investments in Belarus” were presented, a Memorandum on a single economic space from Lisbon to Vladivostok was signed, new cooperation and investment projects of partners from Germany and Belarus were presented, as well as the results of the work of German companies (Knauf , Siemens, BASF, Henkel, Robert Bosch, Rödl & Partner, Schneider Group, Zeppelin, etc.) in Belarus.
FEZ Grodnoinvest is actively working with German business and is interested in expanding trade, economic and investment cooperation. The German side was invited to visit the investment sites of the FEZ, to get acquainted with successful projects. Over $ 250 million of investments from Germany, including credit lines, were attracted to the implementation of the projects on the territory of FEZ. Trade is increasing annually, reaching $ 31 million in 2018. Two companies with German capital are implementing their projects Belabadding and HAVER BY.