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The benefits and advantages of Belarus are manifold. Having nation of approximately 10 million people Belarus lies in the heart of Europe, linking the European Union to Russia and the Commonwealth of independent States. The country has got a proud scientific and engineering heritage, an internationally-rated universal education system, and a workforce admired around the world for its skills and innovation.

A dynamic market economy is emerging in Belarus, and it is likely to grow at the same high rates as it happened in the first decade of the 21st century. The country has won the trust of the international business community and improved economic relations with many countries as a result, including the European Union.

The commitment to business was recognised by the World Bank when it named Belarus the fourth best business reformer in its Doing Business Report 2010. The government is determined to build on this achievement by joining the top 30 countries as a place to do business within five years. International rating agencies now issue ratings for the country and its bigger banks, while over 60 double taxation treaties and many investment protection agreements have been signed with countries around the globe.

Belarus' attractions have also been underwritten by the fact that many multinationals have acquired local subsidiaries or started operations from scratch in the country.

All this activity has been bursted due to a radical overhaul of the tax system.

Many tax rates have fallen (including income tax, VAT, social security contributions, turnover and other) and currency, price and salary controls have been eased.

Some taxes have been phased out altogether while others have been made far simpler to administer. Recently the ability to file tax returns electronically has been introduced.

Importantly, for foreign companies seeking to establish operations in Belarus, several special tax regimes (Free Economic Zones, High Technology Park, tax exemptions in rural areas) have been set to provide substantial tax privileges for business to enter the market.

Investors can be reassured that their investments are underwritten by our national Investment Code which regulates and protects their rights, as well as by a full range of international trade and taxation treaties. Belarus is vigorously pursuing greater integration into the global economy beyond the CIS, with strong business links with more than 150 countries as well as becoming a member of the European Union's Eastern European Partnership programme.

The Foreign Investment Advisory Council established by the Government and consisting of foreign investors, international economic and business organizations and various state agencies often helps to change legislation to improve the business and investment environment, ranging from aspects of taxation to customs and foreign trade issues.

In short, over the past decade Belarus has made impressive progress and now it enjoys the results: Belarus has become an attractive destination for international capital.

To present investment opportunities of Belarus National Investment Agency invites investors to take part in the main economic event - Belarusian Investment Forum. This year the forum takes place in Frankfurt-am-Main, Germany on November 17, 2010 in «Congress Center». Belarusian Investment Forum is to be integrated in the European Finance Week. Frankfurt-am-Main is known to be the financial center of EU, therefore, holding Belarusian Investment Forum will let to attract leading financial institutions from all over the world. The Prime-minister Sergei S. Sidorsky, Deputy Prime-minister Andrei V. Kobyakov, as well as other high-ranked state officials are expected to attend the event.

At the forum the participants will discuss lots of debated issues, including privatization and investment activity, pros and cons of the Customs union. The most attractive investment projects will be introduced to the participants during profile sections.

Looking forward to see You at the forum.

JSC Belagroprombank is the largest powerhouse in Belarus by equity and authorized size. As of January 1, 2010 the bank has a 40,6% share in the domestic authorized fund and a 33,2% share in the domestic equity banking market.

JSC Belagroprombank has become an undisputable leader among its peers in the domestic banking market in terms of financing raised from foreign financial institutions.

In 2009 the bank continued to expand its footprint in international cooperation, primarily aiming at raising financing for the domestic economy and paving the way for establishing mutually beneficial business contacts between Belarusian enterprises and potential business partners abroad.

The bank raised foreign financing worth USD 273 million for 76 long-term projects. Most transactions on related long-term financing were backed by the leading European export credit insurance agencies.

In the accounting year the bank financed 159 projects using short-term credit facilities worth over USD 166 million.

Along with expanding its presence worldwide, JSC Belagroprombank regularly organizes events aimed at promoting closer cooperation between Belarusian enterprises and foreign business partners. Among the initiatives that were held in 2009 at the initiative and with participation of Belagroprombank are the International conference dedicated to livestock farming and Belarusian-Italian Economic Forum held in Minsk. These events were attended by many Belarusian and foreign representatives of business community as well as top management of ministries, authorities, regional and sectoral structures of Belarusian economy.