Business news

MINSK, 14 May (BelTA) – Interest of the German private sector in Belarus has been on the rise lately, BelTA learned from Ruslan Yesin, Deputy Director of the Foreign Economic Activities Department of the Belarusian Ministry of Foreign Affairs, during a roundtable session held as part of the Belarusian Industrial Forum on 14 May.

“I would like to mention a certain increase in the interest of the German private sector in Belarus recently taking into account the instructions to raise and diversify the export of merchandise and services to priority markets. This is why we welcome the arrival of investors, who are going to create the enterprises primarily focused on making sophisticated technology products and exporting them to Southeast Asia and Latin America,” said the representative of the Belarusian Ministry of Foreign Affairs.

According to Ruslan Yesin, it is necessary to combine efforts, including efforts of entrepreneur unions, businessmen working in various spheres, to step up interaction for the sake of tapping into the experience of the German private sector for the sake of promoting Belarusian products to new priority markets.

Apart from that, Belarus is interested in attracting German investments, including from the point of view of privatization processes. Belarus would like to see German investors taking care of the industries where they are recognized as leaders such as automobile engineering, petrochemical industry, power engineering, pharmaceutics, and microelectronics.

In his speech Head of the German Economy Representation in Belarus Vladimir Avgustinsky also mentioned an increase in the interest of German companies in the Belarusian market.

The roundtable session meant to discuss the state and prospects of Belarusian-German industrial cooperation in the context of the Eurasian Economic Union was part of the program of the Belarusian Industrial Forum. In particular, the experts discussed priority avenues of Belarus’ industrial policy in the context of the Eurasian Economic Union and key components of Germany’s industrial policy.