Opinions & Interviews

Belarusian companies urged to finance modernization through FDI, IPO

MINSK, 2 March (BelTA) – Belarusian companies should use more actively foreign direct investment and revenue from public offerings to finance their modernization projects, Chairman of the Council of the Republic Mikhail Myasnikovich said at the meeting hosted by the president on 2 March to hear out the reports of the government, the National Bank, the oblast executive committees and Minsk City Hall on the economic performance in 2017 and goals to secure the country’s sustainable economic growth, BelTA has learned.

According to Mikhail Myasnikovich, currently “the major sources for fiancning technical re-equipment and upgrading are FDI and revenue from public offerings.”
 
According to the speaker, foreign direct investment are more preferable as compared to tied loans under government’s guarantees.

The chairman of the Council of the Republic believes that enterprises do not work hard enough to attract financial resources, including through the stock market. “We need to step up these processes,” he said.

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