Source Pravda.Ru

Belarus needs $13bn in investments

The Belarusian economy's estimated demand for foreign investments through 2010 is $13bn, Belarusian Deputy Prime Minister Andrey Kobyakov declared at the Belarusian Investment Forum, which is held in Minsk.

According to the Deputy Prime Minister, Belarus is in a pretty high necessity for foreign investments, because about half of all investments in the republic are enterprises' own funds. However these internal resources are limited, he noted. Belarus has attracted $400m in foreign investments this year and some $1bn is planned to be attracted in 2003. It is to be achieved by the participation of foreign capital in privatizing Belarusian enterprises, he added.

Currently there are more than 2,700 enterprises with the participation of foreign investors in Belarus. Their total authorized capital amount to $700m.

In response to the unlawful December 1 arrest and detention of Chinese tech giant Huawei's chief financial officer Sabrina Meng Wanzhou by Canadian authorities in Vancouver at the behest of the Trump regime, facing possible unacceptable extradition to the US, Beijing warned its high-tech personnel last month against traveling to America unless it's essential.

China Warns Against Travel to US and Canada