Belarusian trade and industrial chamber: Belarusian economy needs USD 37 billion investment

Belarusian economy needs to attract USD 37 billion investment till the end of 2010. That was reported by the chairperson of Belarusian trade and industrial chamber (BTIC) Vasili Romanov during the meeting at Belarusian and Russian economic forum in Minsk.

Belarusian economy needs to attract USD 37 billion investment till the end of 2010. That was reported by the chairperson of Belarusian trade and industrial chamber (BTIC) Vasili Romanov during the meeting at Belarusian and Russian economic forum in Minsk.

About third part of this amount is planned to attract at the cost of foreign investment, he added.

In 2009 foreign investment in Belarusian economy made up USD 9.3 billion that is 6,8% more than in 2008. USD 4,9 billion of this amount were direct investment. “We cannot but be happy with the success of Russia in economic growth, since great part of Belarusian industrial business depends Russian colleagues”, - pointed out the head of Belarusian BTIC and underlined that investment area of common business projects is the essential condition of cooperation strengthening between the two states in the sphere of industry.

Vice president of Russian trade and industrial camber Vladimir Isakov pointed out that Belarusian and Russian business must soon experience the advantage of the work within the scopes of Customs union. “Business must experience the advantage of the work within the scopes of Customs union and not in 10 years but very soon. It is necessary to strive to make investment interaction the real sphere of cooperation”, - he said. According to him real cooperation is possible to achieve in the spheres of engineering industry, communication, petro chemistry, pulp-and-paper industry, telecommunication, agriculture and energy.