BELARUS NEWS AND ANALYSIS
DATE:
26/02/2007
Belarus official: Austrian bank will invest 1.3 billion dollars
Minsk - Austrian's Raiffeisen Bank will invest the equivalent of 1.3 billion dollars in Belarusian business during 2007, a senior government official said on Monday.
The one billion Euro sum will go into Belarusian banking, manufacturing, fund investment, and export financing, said Sergei Sidorskiy, Belarusian Prime Minister, according to a Belapan news wire report.
Sidorskiy made the announcement after meeting with Patrick-John Butler, a Raiffeisen board member, in the Belarusian capital Minsk.
The prediction if accurate would mark the largest foreign investment by a non-Russian company in Belarus, since Belarus became independent in 1991.
Raiffesen has operated in Belarus since 2002 through a controlling interest in the Minsk-headquartered Priorbank. The operation largely services European corporate customers with business in the former Soviet republic.
c 2007 dpa - Deutsche Presse-Agentur
Source:
Archive
- December, 2007
- November, 2007
- October, 2007
- September, 2007
- August, 2007
- July, 2007
- June, 2007
- May, 2007
- April, 2007
- March, 2007
- February, 2007
- January, 2007
- December, 2006
- November, 2006
- October, 2006
- September, 2006
- August, 2006
- July, 2006
- June, 2006
- May, 2006
- April, 2006
- March, 2006
- February, 2006
- January, 2006
- December, 2005
- November, 2005
- October, 2005
- September, 2005
- August, 2005
- July, 2005
- June, 2005
- May, 2005
- April, 2005
- March, 2005
- February, 2005
