Slovakia to invest in Belarusian agriculture

Kharkiv region Ukraine - July 29 2016: Combine harvests wheat on a field in Kharkiv region Ukraine on July 29 2016

Slovakia’s ambassador to Belarus Jozef Migas has announced that the country is planning to invest around 15-20 million euros in the Belarusian agricultural sector, Belarusian state news agency Belta has reported.

Speaking at the Belarusian-Slovakian Economic Forum in Minsk, Mr Migas said that Slovakia already had an investor ready to set up joint agricultural companies in the Grodno and Brest regions.

“If we manage to implement this project, it will be the biggest ever Slovak investment in Belarus. We are talking about the sum of 15-20 million euros,” he continued, noting that creating innovative technology was the main reason for such a large volume of financing.

“I can say that the negotiations are not easy as there has never been such a volume of investment in agriculture in Belarus,” the ambassador stressed, adding that the joint agricultural companies could start work as early as the spring of 2020.

“You have a lot of experience in the [agricultural] area. We also know that Belarus is good in IT, so I see the potential in this industry,” Belsat wrote, quoting Slovakian deputy foreign minister Lukas Parisek, pointing to another possible field where Slovakia could eye future investment.