Deputy Economy Minister: $8bn of investment attracted to Belarus in 2023

Last year, $8bn of investment were attracted to the Belarusian economy – as informed by Deputy Economy Minister Vladimir Naumovich at a recent Belarusian-Azerbaijani business forum in Minsk

“The flow of foreign direct investment has been steadily growing lately. The total volume made about $8bn in 2023, including almost $6bn of FDI,” Mr. Naumovich said, adding that the contribution of companies with foreign participation to the economy of Belarus is expanding – ‘both in terms of total revenue and the number of jobs created’.

The Deputy Economy Minister also explained why foreign investors are interested in Belarus, “They enjoy the country’s favourable geographical location, access to the EAEU market, preferential regimes, as well as human and natural resources.”