Belarusian Companies Will Soon Be Ready for IPO
OREANDA-NEWS. October 27, 2008. Belarusian companies will soon be ready for initial public offering, Deputy Foreign Minister of Belarus Andrei Evdochenko told reporters.
“I think Belarusian companies will soon be ready for initial public offering. There are not so many alternatives,” he said,
According to Andrei Evdochenko, Belarus’ economic growth projections are quite high. The country uses its own resources for this purpose. But there is an urgent need for foreign loans, which are getting more expensive given the global financial crisis and which are difficult to obtain now.
The deputy minister reminded, after the default in 1998 Russian companies recovered quite quickly and started raising actively foreign resources. “Russian companies have been followed by enterprises from Ukraine and Kazakhstan. All processes are faster in the new environment, and Belarus will need less time to go this road. More so the road is well-known now, and we understand what we should do to adapt our companies to new modern-day challenges,” Andrei Evdochenko said.