Investments in Belarus leather industry

1 July 2003

New foreign investments ranging from US$3-5 million each will be made this year in the Grodno Tannery and the Krasnyi Oktiabr shoe manufacturer in Belarus, according to the Belta news agency. These investments, along with the successful operation of two foreign-invested joint ventures at the Trud shoe manufacturer in Gomel, show that the Belarusian leather industry is becoming attractive to foreign investors, say analysts in Minsk.

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