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Foreign companies are showing a growing interest in Belarus, Industry Minister of Belarus Anatoly Rusetsky told reporters.
“We have felt that the interest on the part of foreign investors in Belarus has increased. We hold negotiations with more big companies, who have never been in Belarus before, on their participation in joint business, our investment projects,” the minister said.
There are less available finances during this time of the crisis. “Yet, all understand that the CIS markets are quite large, therefore the activity has picked up significantly. No western investor has refused from implementing projects with the ministry,” Anatoly Rusetsky added.
Anatoly Rusetsky took note of the joint project which is being carried out at the Brest Electric-Bulb Making Plant. the new project is aimed at producing high quality products which are in demand on foreign markets. Foreign investors pay special attention to the Belarusian Autoworks (BelAZ trademark). The Industry Ministry is having talks with potential partners. There are talks on implementing projects at the Minsk Automobile Plant with German companies. The minister would not reveal the name of the company, he just noted: “We hope for an alliance”.
The Industry Ministry has decided to launch the production of various modifications of cars at the Unison Company. At present, the issue of financing is being discussed now. All in all, the cost of the project is estimated at $60 million. The new plant will produce around 50,000 cars a year.
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