MINSK, 4 March (BelTA) – Minsk Oblast looks into a possibility of floating Eurobonds, Chairman of the Minsk Oblast Executive Committee Boris Batura told a press conference in his commentary on Decree No 75 “On external borrowings of local government and self-government bodies”. “We are scrutinizing this issue. This is not so simple, however, as far as it should be consistent with privatization. But it will bring additional budget revenue and we will be looking into this opportunity,” Boris Batura said. In his words, Minsk Oblast has been actively working in other areas to attract investments, working with banks, international financial organizations, implementing projects with foreign investors. An American company is expected to participate in the construction of a juice, wine and beer production plant in Gatovo in 2011. The project is divided into several stages. The first stage envisages juice production (nearly ?100 million). A lot of projects are implemented in transport logistics, trade, metalware production, hotel business. This year Minsk Oblast is expected to raise $1 billion of foreign investment, up 8 times from 2010. Decree No 75 “On external borrowings of local government and self-government bodies” was published on 28 February cover the relations established since 1 January 2011. The decree provides regions with additional opportunities to raise foreign investments. Before the decree took effect, bonds could have been issued by the national government bodies only. Not the right to float bonds has been given to oblast executive committees and the Minsk City Hall. БЕЛТА
Written by belta.by
