MINSK, 27 March (BelTA) – The European Bank for Reconstruction and Development (EBRD) is discussing the possibility of investing in projects of the Belarusian rail and air sector, Head of the EBRD Office in Belarus Alexander Pivovarsky said in an interview with the RTR Belarus Channel, BelTA has learned.
“Among the investment cooperation projects with Belarus are roads and the M10 highway, in particular. We are looking into potential rail, air and energy projects (for instance, lowering energy intensity of residential buildings),” said Alexander Pivovarsky. The EBRD aims to increase investment in projects to reduce resource intensity of the economy in order to reduce energy consumption in the country and improve the quality of public services, the head of the EBRD Office said.
Alexander Pivovarsky emphasized strong interest in investing in Belarus. “The country has been steadily moving up in the ease of doing business environment charts. The country has a well-developed infrastructure and road network. The country is launching reforms in various economic areas. The visa-free rules facilitate negotiations. Many people from London and other offices come to continue their work and learn which projects can be implemented in Belarus. The only factor which worries investors is macroeconomic stability. The country has it for now. The efforts of the country's central bank in achieving better macroeconomic stability are great. It provides an opportunity to make progress in the development of domestic capital markets we would like to support and increase investment in the local currency. I hope that all these factors will contribute to the country's attractiveness for investors,” he added.
