Italy's Foedus Foundation opens office in Belarus

      The Italian foundation of culture and development Foedus has opened its office in Belarus, BelTA has learned.
      At the opening ceremony President of Foedus Foundation Mario Baccini noted that the company sees the ideal conditions in Minsk to turn its main principles into reality. According to the Italian representative, the company would like to attract the best business powers to invest in Belarus and set up Italian-Belarusian companies. Joint efforts of the government and businessmen of the two countries will help to make the best use of natural and human resources for the development of the two countries.
      “We are interested in an intellectual exchange between our countries. We plan to engage your most promising personnel in training in Italy, provide scholarships for best students,” the President of the company said.
    The parties signed joint projects and investment programs prepared in cooperation with the National Investment and Privatization Agency. The documents include an agreement to set up a joint company on machine-tool production in Belarus (Belstankoinstrument-MK Industrial Engineering-Kovosvit, the Czech Republic), a memorandum to prepare a concession agreement to develop a granite deposit in Belarus (the Ministry of Natural Resources and Environment of Belarus-MK Industrial Engineering), a memorandum to set up a joint company to implement environmental programs in urban waste reclamation and storage (Getlini Latvia and MK Industrial Engineering).
      Belarus launched its cooperation with the Italian fund Foedus in December 2013.