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In 2007, Belarus to attract up to EUR 1bln investments from Raiffeisen Zentralbank Austria

28.02.2007

In 2007, the government of Belarus intends to attract up to EUR 1 billion worth of investments from Raiffeisen Zentralbank Austria (RZB).


In 2007, the government of Belarus intends to attract up to EUR 1 billion worth of investments from Raiffeisen Zentralbank Austria (RZB).

“Raiffeisen and Belarus have developed good relations”, prime minister of Belarus Sergei Sidorskiy has said today in a meeting with Mr. Patrick Butler, a member of the RZB Managing Board. In 2005, Belarus attracted first syndicated credit of Raiffeisen what gave an opportunity for other banks to work effectively in this sphere.

Mr. Patrick Butler said he was quite satisfied with the operation of the bank in Belarus. A reminder, four and a half years ago Raiffeisen bank bought shares of OAO Priorbank. “These four and a half years show that the investments in Belarus were quite successful,” he noted.

Apart from that, the parties discussed an opportunity of further cooperation under other projects. In particular, Raiffeisen Bank will use its potential, institutions and instruments to attract direct investments from abroad.

BelTA

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