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SME investment fund to be set up at Great Stone

Photo courtesy of the Great Stone Industrial Park

MINSK, 27 March (BelTA) – An investment fund to support small and medium-sized business and venture projects will be set up at the China-Belarus industrial park Great Stone, BelTA learned from Kirill Koroteyev, First Deputy Director General of SZAO Industrial Park Development Company.

On 26 March, Beijing played host to a meeting of the Board of Directors and an annual meeting of the shareholders of the China-Belarus SZAO with the participation of Deputy Head of Belarus President Administration Nikolai Snopkov. 

“The decision was taken during the meetings to set up an investment fund to support small and medium-sized business and venture projects implemented both in the park and across Belarus,” said Kirill Koroteyev.

The fund will operate at the basis of a center for cooperation in the transformation of scientific and technical achievements, which is being built with China's assistance. “Thus, integrated infrastructure will be created to boost innovative development of the park,” said Kirill Koroteyev.

Speaking about the results of the meetings, he stated that the shareholders had taken a number of decisions of strategic importance to step up the development of the industrial park. They also adopted a budget for the next fiscal year.

“The parties considered a set of issues related to the strategy of attracting investment, participation in international investment-oriented events, image development and promotion of the industrial park abroad. In addition, they approved the results of the company's financial and economic activities for the reporting period, adopted a number of decisions of corporate governance, and considered several issues related to the company's operational activities,” said Kirill Koroteyev.

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