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Union Business

11.09.2008

Moscow and St. Petersburg are safe partners of Belarus

Today Russian capital has become a real strategical partner of Belarus. The last two years more than 200 buses, 70 trolleybuses and 400 units of road-communal technical equipment produced by Minsk tractor factory and “Amkodor” have been exported to Moscow. The agreements have been concluded on the Moscow enterprises and organizations investments in promising programms for reconstruction of Belarusian construction industry enterprises.

Today Russian capital has become a real strategical partner of Belarus. The last two years more than 200 buses, 70 trolleybuses and 400 units of road-communal technical equipment produced by Minsk tractor factory and “Amkodor” have been exported to Moscow. The agreements have been concluded on the Moscow enterprises and organizations investments in promising programms for reconstruction of Belarusian construction industry enterprises.

Very significant are also the projects aimed at steady rising of broken granite and cement output in Belarus with the participation of Moscow’s investors.

Their aim is the subsequent increase in the supply of these products for the needs of Moscow construction complex and the building of residential quarters in Minsk. In general, in the near future Belarus and Moscow are planning to implement a number of investment projects totaling approximately 100 billion Russian roubles. The volume of investment portfolio is commensurate with the level of trade turnover between Belarus and Moscow, which, on the basis of 2007 amounted to 4.4 billion dollars. In 2008, the parties plan to bring it to 5 billion dollars, and by 2013 - to 180 billion Russian roubles.

The first of these investment projects will be a House of Moscow in Minsk, the building of which will be completed already this year. As the mayor of Minsk Mikhail Pavlov said, this "cultural and educational center will become a place where businessmen from the two capitals of Union State will be able to receive assistance in establishing and expanding mutually beneficial business contacts".

The northern capital of Russia also plans to expand significantly cooperation with Belarus. In the near future supplies of Belarusian agricultural machinery and food to the market of the North-West region of Russia will grow significantly: that will be facilitated by intergovernmental agreement on the development of trade and economic ties between Belarus and St. Petersburg and Leningrad region in the agro-industrial sector, a draft of which will soon be approved by the Council of Ministers of Belarus. In the first half of the year the export of food to St. Petersburg, if compared with last year, had a 1.7-fold increase and amounted to more than 96 million dollars. The deliveries to Leningrad Region had a tenfold increase - up to 4.2 million. Undoubtedly, the intergovernmental agreement will facilitate even more significant increase in Belarusian exports to the second Russian capital.