The European Bank for Reconstruction and Development (EBRD) is extending a €50 million financing package to Belinvestbank, the fourth largest bank in Belarus. The package will consist of two facilities: a €20 million line of credit to small businesses and the opening of a limit of up to €30 million available under the EBRD’s Trade Facilitation Programme (TFP). Continue reading EBRD Finances Small Business Support And Foreign Trade Promotion In Belarus
Companies located in the Minsk region attracted €3.8 billion of FDI in the first six months of 2015. The Main Statistical Bureau of Minsk City reported that out of that, 42 per cent were companies specialised in trade, 30.3 percent in transport and 14.6 per cent in communications. The main countries investing in the region were Russia, the United Kingdom and the Netherlands, which accounted for 39 per cent, 26.7 per cent and 14.3 per cent of investment respectively. Continue reading Foreigners choose Minsk and Gomel as Belarus’ most attractive FDI destinations
The government of Albania believes free economic zones will spur the development of the Albanian economy and has launched the new Technical and Economic Development Areas (TEDAs) programme. The Ministry of Economic Development, Tourism, Trade and Entrepreneurship (MZHETTS) will soon start the tendering procedure for the selection of developers in these areas. Continue reading Albania is creating three free economic zones
The Germany-based market leader in packaging solutions Multivac is ready to invest €15 million into the construction of a new production facility in Bulgaria. This became clear at a meeting of the Minister of Economy, Bozidar Lukarski, with Christian Trauman, Manager of “Multivac”, and Ivaylo Dimitrov, who manages the Bulgarian branch of the German company.
“Belarus-Turkey cooperation has huge potential. It is not just another popular phrase mentioned during bilateral talks. It is true. There are huge opportunities for expanding mutually beneficial trade and economic cooperation. Now, the Belarus-Turkey trade stands at $400 million, but it is obvious that the figure fails to reflect the existing opportunities. Belarus and Turkey are mutually complementary in the industrial sphere,” said Elnur Osmanov, Deputy Coordinator of the Turkey-Eurasian Business Councils in the Foreign Economic Relations Board (DEIK) under the aegis of the Turkish Economy Ministry, in Grodno on August 12. Continue reading Belarus-Turkey Investment Forum to increase investment and trade between the two countries
Since the new government took office 18 months ago, Prime Minister Bohuslav Sobotka’s Cabinet managed to gain 196 new investment projects worth €4 billion, which should generate over 23,000 jobs.
“It is important that we keep up this initial pace in the coming months. The Ministry of Industry and Trade and CzechInvest must build on the success achieved so far and continue to work intensively on improving the conditions for entry of new investors into our country,” said Prime Minister Bohuslav Sobotka. Continue reading The Czech government attracts FDI and creates jobs
“The development of innovation in Bulgaria and the cooperation with Israel can boost the country’s economy. Opportunities for development of bilateral relations are limitless. We have common interests and priorities in a number of other areas such as computer technology, education, health, infrastructure, energy, transport.” Continue reading Bulgaria’s cooperation with Israel could boost the economy
“May I tell you that it is in our own interests that our promise that the countries in the Western Balkans have a European perspective — that we realise this perspective, because that concerns our credibility,” Merkel said. “I can tell you, nothing will be artificially delayed. There won’t be any difficulties constructed … I think it is widely recognised that Albania is taking big steps forward,” Merkel said at a news conference alongside Albanian Prime Minister Edi Rama. Continue reading Merkel: Albania is taking big steps forward
More than 30 companies are considering residency in the China-Belarus Industrial Park of Great Stone, in the outskirts of Minsk. According to Li Haixin, Director General of Industrial Park Development Company, the investors expressed their strong interest in implementing their projects in the park and signed agreements of intent with Industrial Park Development Company. Continue reading New investors interested in Belarus’ Great Stone Industrial Park
American Ametek opened in a new factory for the production of small engines in Subotica, a city in northern Vojvodina, Serbia. By the end of 2015, the facility is set to employ 150 workers and produces 1.5 million engines per annum. This factory will produce electric motors of low power and high efficiency, which are installed in a variety of household appliances. The products from this factory will be intended for export, mainly to Europe, and then Asia and the market. According to Erik Sausiņi, General Manager of Ametek Group Europe, the facility is the first phase of a larger investment in Subotica. Continue reading Ametek opened a new factory in Subotica