BELARUS NEWS AND ANALYSIS
DATE:
01/02/2009
Turkey interested in construction activity in Belarus
Mr Vedat Oflaz chairman of the Belarusian-Turkish Business Cooperation Council said that Belarus and Turkey intend to step up mutual trade and investments in 2009.
According to Mr Oflaz, the two countries can cooperate most fruitfully in the construction and main contract business as Turkish companies show an interest in the construction of city infrastructure, shopping centers and exhibition pavilions in Belarus. Turkey's subcontracting organizations are considered one of the leading companies in this field worldwide.
Mr Gudzin Bayar, commercial counselor of the embassy of Turkey in Belarus said that Turkey has taken part in all large construction tenders in Belarus. Mr Bayar informed that "In 2008 Belarus and Turkey cooperation was developing quite successfully in terms of establishment of bilateral relations. The bilateral trade reached USD 400 million. The volume of Turkish investments in the Belarusian economy increased too. Turkcell acquired an 80% stake in the BeST mobile operator for USD 500 million. I am sure that in 2009 the mutually beneficial cooperation will be continued."
The Belarusian exports to Turkey include around 60 types of products. The share of oil products is around 3%. Belarus' main exports to Turkey are steel feeds, potash fertilizers, linen, synthetic thread, leather. Belarus mainly imports raw materials and equipment from Turkey. Some 27 enterprises with the Turkish capital have been registered in Belarus, including four JV and 23 foreign companies.
Source:
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