Slovakia to invest in timber industry in Gomel Oblast

Slovakia has announced plans to invest in an advanced woodworking enterprise in Gomel Oblast.

“The Slovak company is ready to invest in the project to create a modern company to process hard wood, particularly oak, which the region has in abundance,” said Jozef Migas said Ambassador Extraordinary and Plenipotentiary of Slovakia to Belarus, ahead of the plenary meeting of the Gomel Economic Forum.

The proposal includes an enterprise that will operate a Slovakia-designed automated waste-free line (worth €2-2.5 million) for wood processing.

“We would like to manufacture not just semi-finished products but high-quality wood furniture, which is in demand worldwide today, and which could successfully compete in the Western European markets,” Ambassador Jozef Migas said. He added that the idea is still in its infancy and too premature to be able to provide more details about the project.

The 13th Gomel Economic Forum which opened in the regional capital on 20 May gathered nearly 300 delegates from 29 countries. Among the participants are official delegations, members of embassies, workers of banking and financial establishments, businessmen. Interest in the forum was shown from highly developed countries such as Austria, China, France, Germany, Italy, and Netherlands. For the first time, the event in Gomel was attended by representatives of Ireland, Croatia, Kyrgyzstan, Uzbekistan, and Syria. 11 contracts worth $303 million are expected to be signed during the plenary meeting.

Source: Gomel Oblast Executive Forum