Industrial Park Development Company, CJSC and the Administration of the Great Stone Industrial Park signed a memorandum of understanding with the European Bank for Reconstruction Development (EBRD)

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  • Industrial Park Development Company, CJSC and the Administration of the Great Stone Industrial Park signed a memorandum of understanding with the European Bank for Reconstruction Development (EBRD)

On June 5, 2018, in the presence of Mr Vladimir Makey, the Minister of Foreign Affairs of the Republic of Belarus, Alain Pilloux, EBRD Vice President and Hu Zheng, CEO of the joint company, the management of the joint company, the Park Administration and the EBRD signed a document to strengthen and develop mutually beneficial cooperation with investors and residents of the industrial park «Great Stone» - a memorandum of understanding.

While the event, the EBRD management was informed about the results and prospects of the park. EBRD Vice President, Alain Pilloux confirmed his intention to visit the industrial park on June 8 personally. The signing of the memorandum on the eve of the visit of Lukashenko A.G., the President of the Republic of Belarus to the SCO summit in China is an important step on the way to build and diversify the sources of financing projects in the park.

The EBRD management expressed an intention to closely cooperate with the administration of the park and the joint company to develop comprehensive relations with the residents of the park, to consider the possibility of providing commercial loans for the projects of the joint company and residents of the park.

On the basis of the signed memorandum, the parties will develop and offer interested investors new sources and ways of financing business projects.

Expanding the availability of funding sources for projects on the territory of the «Great Stone» is an important task for the joint company and the administration of the park, and cooperation with the EBRD is a symbolic step in this work.

The joint company welcomes the desire of residents and investors to attract the necessary additional sources of financing. The company will also provide comprehensive assistance to those interested on the basis of a memorandum signed with the EBRD, while taking advantage of the Bank's big potential in financing, investment, support and advisory support.