|
Belarus
JSC Gomel Glass Works Starts Building
Second 104.5 Million-Euro Float-Glass Line
Belarus’
JSC Gomel Glass Works starts building a second line to produce float-glass,
worth 104.5 million euros, with a daily capacity of 700-780 tons.
In March
2008, the company will receive expert review and authorization to begin the
construction. The construction is planned to take up to 40 months. The
architectural design has been prepared by Germany’s DTEK and feasibility
study for investment was provided by Belarusian Institute of Industrial
Design.
Gomel Glass
Works has been founded in 1933 and today is Belarus’ only producer of
float-glass, with a capacity of more than 18 million square meters a year.
To learn
more about and contact the company, please visit
http://www.gomelglass.com.
Belarus,
China to start $800 Million Investment Projects in 2008
Belarus and
China will launch investment projects totaling about $800 million in 2008.
Trade
turnover between the two countries may reach $2 billion this year if the
parties manage to complete all projects.
In 2006,
trade between Belarus and China reached $1 billion, and in 2007, a new
record of $1.5 billion was reached.
Belarus
plans to expand its diplomatic presence in China and open its consulate
general in Shanghai this year.
Government of Belarus and Russia’s Joint-Stock Financial
Corporation Sistema Sign General Agreement on Cooperation
The
Government of Belarus and Russia’s Joint-Stock Corporation Sistema signed
General Agreement on Cooperation on March 13, 2008.
The main
goal of the General Agreement is to attract investments to Belarus through
the implementation of economically viable and socially significant
investment projects in a number of industries. The main idea is that AFK
Sistema will bring its technology and investment to promote mutually
beneficial business relations and implement social projects in Belarus.
The
agreement identifies eight most important areas of joint work. According to
Mr. Alexander Goncharuk, President of Sistema, the corporation is interested
in cooperation with Belarusian companies in various areas such as high-tech,
real estate, construction and banking business. Alexander Goncharuk also
told to reporters that the corporation has already some presence in Belarus,
in Mobile TeleSystems. So, we know the rules of Belarus’ market, we like to
work here, we like Belarus and we would like to increase our presence in the
country. He clarified that all eight areas of the cooperation foreseen by
the General Agreement are connected with high-tech area.
Belarusian Small Business Bank to Open in April
The
Belarusian small business bank will open in Minsk in April this year,
Mr. Michael Davey, the EBRD Director for the Caucasus, Belarus and Moldova,
said recently during his trip to Mogilev oblast of Belarus.
The
European Bank for Reconstruction and Development is the main sponsor and
driving force behind the new financial institution, which will focus on the
support, and financing of small business.
According
to Mr. Michael Davey, the new bank will promote the development of small
business in Belarus and expand the presence and opportunities of the EBRD in
the financial market of the country. Recently the EBRD has significantly
increased the volume of financing which is carried out through five banks of
the country. Last year alone, the Bank invested around $120 million in the
economy of Belarus, which is more than in the pervious four years
altogether. “This shows that the economy of Belarus has been growing
stronger,” Mr. Michael Davey said.
EU Business Salutes Golden Share Rule Removal in Belarus
The removal
of the golden share rule in Belarus is a good sign for European business
communities James Wilson, President of the Belarus-EU Business Council told
media in Minsk on March 6.
James
Wilson said that the fact demonstrates that one can do business in Belarus.
“The decision of your country walks in step with general processes of rising
competitive ability on international market. If Belarus wants to support its
competitive ability, this decision is very logical,” he said.
|