EBRD Finances Small Business Support And Foreign Trade Promotion In Belarus

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

Foreigners choose Minsk and Gomel as Belarus’ most attractive FDI destinations

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

German Multivac invests €15 million near Sofia

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.

Continue reading German Multivac invests €15 million near Sofia

Belarus-Turkey Investment Forum to increase investment and trade between the two countries

“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

Towards a resilient Europe, strategies for the future

The 25th Economic Forum in Krynica-Zdrój is scheduled on 8-10 September, 2015. “How to build strong Europe? Strategies for the future” is the title of the plenary session opening this year’s Forum. Participants in the debates will be looking for answers to the main challenges that the Old Continent has to address in the face of internal and external threats. The discussion will concentrate on economic and political issues inside the community, as well as security issues connected with the situation in Ukraine and North Africa. Continue reading Towards a resilient Europe, strategies for the future

Slovenia is CEE’s leader in innovation

Slovenia is the fastest growing innovation follower and the regional leader and the only Eastern European country in the group together with countries like the UK, France and Netherlands among the innovation followers, says the latest European Commission’s Innovation Union Scoreboard. Only four countries rank in the first group among the innovation leaders: Sweden, Germany, Finland and Denmark. Slovenia’s performance has been steadily improving since the EC’s first scoreboard in 2007, having grown on average by 2.6 per cent since then – only three EU members have improved faster. Continue reading Slovenia is CEE’s leader in innovation

The Czech government attracts FDI and creates jobs

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