Business news

MINSK, 1 June (BelTA) – Belarus will showcase its timber industry at the 6th Belarusian-Finnish business forum which opens in Savonlinna on 1 June, BelTA learned from the press service of the Belarusian timber, woodworking, pulp and paper industry concern Bellesbumprom.

Taking part in the forum are representatives of Belarusian ministries, agencies, business circles and exporters. On the part of Finland the event is attended by representatives of the government, regional chambers of commerce and numerous commercial companies.

Vice Chairman of Bellesbumprom Concern Mikhail Kasko will make a report on the timber processing industry of Belarus and will lay out the proposals regarding investment projects, joint woodworking and pulp-and-paper enterprises in Belarus and deliveries to Finland.

During a business matchmaking event business representatives from the two countries will discuss concrete issues of cooperation and joint projects.

Mikhail Kasko is scheduled to hold business meetings and negotiations to discuss the ways of bolstering trade, economic, investment and information cooperation. The forum will provide ample opportunities to find new partners and potential investors, exchange best practices of doing business, create prerequisites for the intensification of the interaction between Belarus and Finland in the areas of mutual interest.

In line with the government’s decision, Bellesbumprom supervises the Belarusian-Finnish trade and economic relations. The Belarusian embassy in Finland has made considerable contribution to the export growth between the countries. The export of Belarusian goods to Finland rose 18.2% in 2017 from 2016 to reach $19.5 million.

The Finnish market is of big interest to Belarusian timber companies. Despite being one of the European leading forestry states, Finland imports woodworking products from other countries. Bellesbumprom, in cooperation with the Belarusian embassy in Finland, is currently busy establishing business contacts with Finnish companies. The first batch of wood boards worth $27,000 has already been shipped to Finland as a result of bilateral agreements.