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24 May 2016, 16:22

EBRD Vice President: Belarus undertakes measures for economic recovery

VIENNA, 24 May (BelTA) – The Belarusian authorities are undertaking necessary measures to reach economic growth and create a more favorable investment climate, Vice President of the European Bank for Reconstruction and Development Alain Pilloux said on the sidelines of the Belarusian-European investment forum on 24 May, BelTA has learned.

“The situation is complicated. Belarus is affected by negative trends in the economies of Russia and Ukraine. The positive fact here is that the authorities realize what is going on. They are competent and take measures for economic recovery,” Mr Alain Pilloux noted. In his words, the government has been closely cooperating with international organizations, such as the European Bank for Reconstruction and Development and the World Bank in attracting investment and creating a more favorable investment climate.

Mr Alain Pilloux stressed that the EBRD is ready to help Belarus move forward in improving its economic structure. “Belarus may count on our support if the country needs it,” he added.

The Austrian capital is hosting the Vienna Forum: Promoting EU Investments in Belarus. Partaking in the event are about 120 people. Interests of the European business community at the forum are represented by Austrian companies and also businessmen from Germany, Italy, Bulgaria, Belgium, the Netherlands, France, Latvia, Hungary, and Slovakia. The forum is attended by President of the Austrian Federal Economic Chamber Christoph Leitl, representatives of the European Commission and the European Bank for Reconstruction and Development, Eurochambres, and also the heads of the chambers of Western and Central Europe.

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