The 3rd Italy-Belarus Green Economy Forum

Date: 08 October 2019

Minsk hosted the third Italy-Belarus Green Economy Forum. The event was organized by the Embassy of the Italian Republic in the Republic of Belarus, ICE Agency, the Belarusian Chamber of Commerce and Industry and Confindustria Belarus association.


The forum was attended by the Deputy Prime Minister of the Republic of Belarus Igor Petrishenko, the Ambassador Extraordinary and Plenipotentiary of Italy to Belarus Mario Baldi, the BelCCI Chairman Vladimir Ulakhovich, ICE Agency President Carlo Maria Ferro, the President of Confindustria Belarus Marco Tozzi, representatives of state bodies, business associations, financial institutions, more than 150 Belarusian and Italian companies.  

The forum participants considered the prospects for extending bilateral trade and economic cooperation in the field of green economy and in other areas with a focus on the opportunities of using Italian investments, as well as the possibilities for the Belarusian enterprises to adopt Italian advanced technologies in the fields of waste management, renewable sources of energy (solar and wind power plants), energy efficiency in civil and industrial construction, agriculture, smart cities. The Belarusian entrepreneurs were informed on how to get finance for new projects implementation from the Italian financial institutions.

BelCCI Chairman Vladimir Ulakhovich said that the parties need to restore the previous level of trade and economic relations, to return to the mutual trade of $2 billion which the two countries used to have, as well as to balance the supply. Belarus might be of interest to Italian investors due to its developed infrastructure, highly qualified personnel, stable doing-business conditions, and the possibility to promote products in the EAEU market.

Belarus' Deputy Prime Minister Igor Petrishenko stressed that the countries are interested in strengthening cooperation. In 2018, mutual trade went up by 15% compared to 2017, and it is necessary to gather pace. Over the past two years, more than 60 new enterprises with Italian capital have been set up in Belarus. Belarusian metal products, potash fertilizers, synthetic fibers, furniture and its parts, tanned leather, wood, and linen fabrics are in demand on the Italian market. Belarus mainly exports high-tech products from Italy. "Belarus is open to large-scale and multifaceted cooperation with Italy in all areas. Any proposals aimed at strengthening bilateral relations, development of business projects will not be left without attention," Igor Petrishenko said.

Ambassador Extraordinary and Plenipotentiary of Italy to Belarus Mario Baldi pointed out that Belarus and Italy plan to considerably boost mutual trade and implement joint projects in energy and resource-saving. According to him, Belarus and Italy are not rich in natural resources, gas and oil deposits. That is why the two countries need to produce their own energy, using the capabilities of the sun, wind and waste processing. Italy is ready to share its experience and technologies.

Based on BelTA