Polish investment in Belarus shoots up
PR dla Zagranicy
Investment by Polish companies in neighbouring Belarus shot up 50% in the first three quarters of this year compared to the same period last year, according to Polish Radio.
Photo: Narodowy Bank Polski/Flickr (CC BY-ND 2.0)
The public broadcaster reported that Polish firms invested USD 160 million (EUR 135m) in Belarus from January to September.
Anatol Wielikin, president of the Polish Business Association in Belarus, told Polish Radio that the rise in investment was the result of a warming in relations between Minsk and Warsaw.
"Relations between Poland and Belarus... have moved many steps forward. Hence these results," he added.
Wielikin said that Poland was set to become Belarus’s third biggest trade partner this year.
Piotr Masajło, an official at the Polish embassy in Minsk in charge of promoting trade and investment, said that the Belarusian economy was undergoing a revival.
He added that bilateral trade between Poland and Belarus was on track to exceed USD 2.5 billion this year, nearly 20% up on 2016.