Europe > Eastern Europe > Belarus > Over 60 companies to partake in international economic forum in Belarusian Smorgon

Belarus: Over 60 companies to partake in international economic forum in Belarusian Smorgon

2014/11/11

Over 60 companies will take part in the international economic forum in the Belarusian town of Smorgon on 24 October, BelTA learned from Irina Goldytskaya, Chief of the Economy Department of the Smorgon District Executive Committee.

The forum will be held as part of the regional expo and equitable Grodno Oblast's Northern Vector. This year's forum will be dedicated to prospects of investment cooperation of the region with foreign and Belarusian companies and business circles in the production sector, agribusiness, energy industry, tourism, logistics, and transboundary programs.

Plans have been made to discuss the possibility of raising funds to implement topical investment projects, inclunding projects to modernize existing enterprises and set up new ones. In particular, investors will be presented such projects as the establishment of a new enterprise using vacant premises of the Smorgon accumulation factory, the construction of a new processing division of the Smorgon poultry factory and other ones. There are plans to discuss the participation of a German company in the project to install solar stations at dairy farms.

According to Irina Goldytskaya, taking part in the forum will be representatives of small and medium enterprises, companies with a share of foreign capital. Representatives of embassies and consulates of foreign states, ministries and agencies of Belarus, the oblast government and district administrations have been invited to attend. The diplomatic missions of Poland, Lithuania, Russia, Vietnam, Venezuela, Czechia, Slovenia, Germany, and Moldova have confirmed they will attend the forum.

An exhibition of products made by three districts of Grodno Oblast will take place. Apart from that, an exhibition and presentation of tourism services will be arranged and an exhibition of investment projects of the region in addition to cultural events.

Grodno Oblast's Northern Vector is one of the majority significant investment and economic events of the region. It is meant to establish mutually beneficial trade and economic ties, bolster and expand cultural, humanitarian, business contacts, demonstrate and promote the new products. The expo is expected to help increase Belarus' export, implement joint projects, and attract foreign investments into the oblast economy.

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