On October 27, the Belarusian-European Economic Forum takes place in the Neumünster Abbey Cultural Exchange Center of Luxembourg. The areas most demanded by foreign business are defined for discussion at the forum. The event will give a unique opportunity for European investors to discover strong aspects of the Belarusian economy (IT, logistics), as well as discuss specific areas of cooperation.
Nowadays the demand for high-tech and information technology services is rather high in the world. And Belarus can really become a name. Today, the IT sphere is one of the country's brands. Belarus outperforms such giants as the USA, India, and Korea in export of IT-services per capita. Of course, the High Technologies Park contributes to it – a preferential regime operating throughout Belarus, which allows foreign investors to save considerably, thereby making the Belarusian IT industry even more attractive for foreign business. Today, there is a positive dynamics in the export of computer services to the Luxembourg market. In January-March 2017, exports of computer, telecommunications and information services to Luxembourg amounted to 2.95 million US dollars (150.5% against the same period in 2016), which is 25.2 pct higher than the average growth rate of Belarusian exports of information services to third countries.
Belarus is open and ready to cooperate with the largest IT players in the European market. We are talking about increasing exports to Europe of computer services provided on the basis of outsourcing, and the final finished information product with high added value.
In addition, Belarus is ready to offer Luxembourg companies interaction at the Belarusian section of the New Silk Road. Such cooperation could be the arrival of European business in the Great Stone Industrial Park. The residents of the park are companies from around the world: China, USA, Lithuania, Belarus. Numerous projects are being also realized with several European companies, including Germany, Switzerland, Italy. The Industrial Park plans to expand the geography of investors further, offering the new residents the most favorable conditions for doing business.
Currently, more than 50% of foreign direct investment on a net basis excluding the banking sector comes to Belarus from Western countries, in particular the European Union. Examples of successful work of Western investors in Belarus can be found in various industries. For example, the Austrian business is very active: since 2002 one of the largest European insurers Vienna Insurance Group has been operating in Belarus, the largest private bank in the Belarusian banking system is part of Raiffeisen Bank International, the leading cellular communication operator of Belarus Velcom became the property of the Austrian holding Telekom Austria in the year 2008. Traditionally, great interest to Belarus is shown by German investors. Thus, an example of successful cooperation between Belarus and Germany is the Belarusian-German joint venture Fresenius-Borisov-Dializotehnik, which was established in 1989 by German firm Fresenius Medical Care (FMC) in cooperation with JSC Borisov Plant of Medical Preparations. The main activity of the company is the production of hemodialisers (artificial kidneys) and blood transfusion systems. The production facilities are based on unique German technologies.
Presentations of the key projects implemented in Belarus, which will open up opportunities for profitable investments, will be organized within the framework of the Belarusian-European Economic Forum.
The forum will be attended by the Ministry of Economy of Luxembourg, the Luxembourg Bankers' Association, the Luxembourg Association of Investment Funds, the Innovation and Finance Luxembourg Associations, several Luxembourg financial institutions, the European Commission, the European Investment Bank, the European Bank for Reconstruction and Development, the Nordic Investment Bank, etc
Moreover, the heads of the leading international companies will participate in the Forum, including the international agro-industrial group Sodrugestvo, the world's largest aircraft manufacturer AIRBUS, the French industrial conglomerate working in the field of electronics and high technologies Safran SA (Euronext: SAF), the world-leading sales and marketing organization focusing on the global forest industry Ekman and other.
The delegation of Belarus, headed by Prime Minister Andrei Kobyakov, will be represented by the leaders of the key ministries and departments of the country.
The organizers of the Belarusian-European Economic Forum are the National Agency of Investment and Privatization of the Republic of Belarus, the Embassy of the Republic of Belarus in the Kingdom of Belgium, the Ministry of Foreign Affairs of the Republic of Belarus, the Ministry of Economy of the Republic of Belarus.
Press release by National Agency of Investment and Privatization