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News

26.12.2016

“REC Group in Republic of Belarus: results and prospects for export projects and investments promotion”

December 19th, 2016, REC Group held an event to commemorate the first anniversary of EXIAR Representative Office in Minsk, summarize the results of the first year of local presence of REC Group in Belarus and discuss future prospects for cooperation with the Belorussian partners.

The event was attended by Vice Premier of Republic of Belarus Vasiliy Matyushevsky, Chair of the Board of BelVEB Bank Nikolay Luzgin, Deputy Chair of the Board of Belarusbank Alexander Polivko, and other executives of leading companies and enterprises, prominent representatives of the business community and banking sector of Belarus. The delegation from the REC Group was headed by CEO of EXIAR Alexey Tyupanov and included Managing Director of International Business Development of EXIAR Hanieh Ferdowsi.

The plenary session was moderated by EXIAR CEO Alexey Tyupanov and the discussion was dedicated to the opportunities for expanding the scope of cooperation in the sphere of joint Russian-Belorussian projects and development of export potential of the two countries. Besides, the event highlighted the role of EXIAR Representative Office in Belarus that was established as the first foreign office of EXIAR and has grown into a comprehensive center ready to provide assistance in terms of both financial and non-financial services provided by the whole REC Group.

The list of speakers included Head of EXIAR Representative Office in Belarus Victor Doronkevich and, from the Belorussian side, the executives of the top banks Belarusbank and BelVEB, the Belorussian export credit agency Beleximgarant and a business client of EXIAR in the Belorussian market Dobrada LLC. The panel members made brief outlooks on the current state of cooperation, on the progress made within the past year and on further prospects and plans for the upcoming year.

“Today we may confidently claim that with the establishment of the Representative Office we managed not only to increase the awareness about the capacities of EXIAR and REC Group within the Belorussian market, but also to motivate the importers of the Russian products in Belarus to use more of the tools and preferences offered by EXIAR. But now it is not the time to rest. In our further development, we are planning to continue our extensive work with the Belorussian banks and clients”, Victor Doronkevich noted.

Following the plenary session, REC Group and Belenergo signed the Agreement for strategic cooperation in joint realization of projects in the sphere of power engineering. Both sides pointed out that the Agreement does not represent a mere intention, but bears exclusively practical importance. It will allow bringing the collaboration between the enterprises of the energy complex of Belarus and the Russian producers of energy equipment to the whole new level with the support from the REC Group side.

“In 2016 EXIAR is planning to reach the total amount of 8 billion USD in terms of the Russian export supported, from which at least 1 billion USD will result from the cooperation with Belarus as Belarus is one of the key partners of EXIAR”, EXIAR CEO Alexey Tyupanov noted. “EXIAR provides opportunities to raise tied financing for the supply of export goods from Russia under conditions more preferential than the market offers. As a result, it eliminates the Russian exporters’ risks and stimulates the investment inflow to Belarus. Please, note that here we imply cooperation not only in trade, but also in the Russian-Belorussian projects in real economy, including small and medium enterprises”, he added.