Government Bodies
Thursday, 4 March 2021
Minsk Overcast sky +1°C
All news
All news
14 January 2021, 18:05

Commodity exchange, investment agency to team up to attract foreign business to Belarus

MINSK, 14 January (BelTA) – The heads of the Belarusian Universal Commodity Exchange (BUCE) and the National Agency of Investment and Privatization (NAIP) have agreed to develop cooperation in attracting foreign companies to Belarus via the e-platform of the exchange, BelTA learned from the BUCE press service.

BUCE and NAIP plan to hold joint business events in Belarus and abroad to promote exchange trading tools and strengthen the country's trade and investment potential. “Every year we host hundreds of foreign business delegations representing a variety of business sectors, from woodworking and construction to logistics and industrial production. All these companies need, firstly, reliable partners among Belarusian companies and, secondly, raw materials and technological equipment for implementation of investment projects. The exchange is able to meet both of these needs. In this regard, we would like to include a visit to your organization as a mandatory item in the programs of business visits planned for the current year. In my opinion, this will benefit all stakeholders,” NAIP Director Dmitry Krasovsky said.

Chairman of the BUCE Board Aleksandr Osmolovsky expressed readiness to join efforts with NAIP and act as a co-organizer of business forums, conferences, seminars and other events held by the agency to promote foreign economic relations of Belarus. “One of the most important functions of the commodity exchange is to provide conditions for the maximum concentration of supply and demand in the course of trading. Accordingly, the more foreign companies learn about the opportunities of the exchange platform, the higher the effectiveness of the exchange mechanism is. Therefore we are ready not only to participate in events organized by the agency but also to provide the necessary information and financial support. We are pursuing the same goals, and together we will be able to achieve much more. I have no doubt about that,” he stressed.

Founded in 2004, the Belarusian Universal Commodity Exchange conducted its first trading session in June 2005. BUCE is one of the largest commodity exchanges in Eastern Europe. Its main function is to assist Belarusian enterprises with export and foreign companies with entering the Belarusian market. BUCE sells a wide range of metal, forestry and agricultural products, industrial and consumer goods.

Subscribe to us
Recent news from Belarus