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German-Belarusian Economic Club and FEZ Grodnoinvest discussed cooperation areas

On October 12, 2020, an online meeting between the administration of FEZ Grodnoinvest and the head of the representative office of the German-Belarusian Economic Club in the Republic of Belarus (DBWC) Stefan Hoffmann was held . The purpose of the negotiations was to study the investment, industrial, trade and economic potential of Grodno region and FEZ Grodnoinvest, discuss options for cooperation.

Stefan Hoffmann took over as Head of the DBWC Representative Office in Belarus on October 1, 2020. He is the founder and director of NORTH IT GROUP. During the meeting, opportunities for the investment project implementation in FEZ Grodnoinvest were presented. One of the promising areas for attracting German capital to Grodno region is logistics. During the online meeting, a project on establishment of a multimodal logistics center "Grodno" was presented. The parties also discussed the prospects for cooperation in woodworking, mechanical engineering and chemical production spheres.

For reference: The German-Belarusian Economic Club was founded in 1994 and is a platform for establishing business contacts between  two countries. Its members are representatives of the German economy in Belarus, as well as other companies that, by the nature of their activities, are closely related to the German market. Today the Club has about 50 companies operating in various spheres of production, trade and services. These companies have invested 800 million euros in the Belarusian economy and created over 8 thousand jobs.

FEZ Grodnoinvest actively cooperates with business circles of Germany. Mutual trade is growing annually. At the end of 2019, it grew by 16% and amounted to $ 36 million. The trade is based on products of chemical, engineering, woodworking and furniture industries. In total, $ 285 million of investments from Germany was attracted for the implementation of projects on the territory of FEZ Grodnoinvest. Two residents with German capital are successfully implementing their projects here: Belabedding Ltd. and Haver BY Ltd. These are representatives of well-known brands Fey & Co and HAVER & BOECKER.

In March 2020, the Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany to the Republic of Belarus, Manfred Huterer, visited FEZ Grodnoinvest. During his visit to Grodno, Mr. Ambassador got acquainted with the potential of the region and FEZ Grodnoinvest, visited the production facilities of resident enterprises.