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15 December 2021, 17:50

Deputy minister: Intensive business contacts generate capital flows to Belarus

An archive photo
An archive photo

MINSK, 15 December (BelTA) – Intensive business contacts facilitate and generate capital flows to Belarus, Deputy Economy Minister of Belarus Anzhelika Nikitina told BelTA.

The National Agency of Investment and Privatization (NAIP) has recently signed a memorandum of cooperation with the Korea Trade-Investment Promotion Agency (KOTRA). Explaining the role of such agreements in attracting investments to Belarus, Anzhelika Nikitina noted that they help establish direct channels of communication between business people of the two countries.

“By forging new contacts with international partners and by promoting our investment opportunities and proposals systematized in the Investor's Roadmap, we are giving a boost to capital flows to Belarus. For example, net FDI from the Republic of Korea to Belarus doubled in January-September year-on-year. It was achieved due to effective promotion campaigns of NAIP and KOTRA,” she emphasized.

According to her, similar cooperation patterns can be applied to partners from distant countries. “This is an important part of our investment strategy for the next year and five years to come,” the deputy minister said.

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