OREANDA-NEWS. April 11, 2008.  “We are interested to have the Ferane company develop its production in Belarus,” President of Belarus Alexander Lukashenko said to Ferane head Vladimir Bryntsalov in the course of their meeting in Minsk, reported the Official website http://president.gov.by.

“When we met with you in 2006 we identified our main cooperation areas,” said the President. “And now I have some questions to ask you. First of all, is there anything that impedes your work in Belarus?” The President said he wished to see in details the results of the company’s work in Belarus and take a look at its plans. “We would like you to manufacture your products here,” the Head of State said.

The President said in 2006 he came to an agreement with the Ferane company that it would invest money not just in its business, but also in Belarus’ social sector. “That agreement you have not just fulfilled, but you have overfulfilled it,” the President said and added that the total amount of money Ferane had invested in the Belarusian social sector approximated \\$ 20 million.

After the meeting Vladimir Bryntsalov told reporters Alexander Lukashenko had praised the work the Ferane Holding Company had been doing in Belarus. “I’ve been working in Belarus for three years now, and I am quite happy with the results: our business is successful. We have been making good profits, and we’ve been investing some part of them in projects here,” said the guest.

Belarus is becoming very attractive for foreign investors, he added. The presence of foreign business has become more visible in Belarus, he said. “Belarus has a good investment climate. What is important is that there’s no corruption in Belarus. Therefore I recommend my colleagues to take a look at Belarus,” he said. Mr. Bryntsalov said his company was prepared to participate in the development of a large-scale pharmaceuticals production in Belarus.

The Ferane Holding Company pursues various lines of business (real estate, pharmaceuticals and some other types of business). The estimated value of the holding company is \\$ 2,5 billion. The Ferane headquarters is the Bryntsalov-A Ltd. Producing various types of medical preparations.

The Ferane Holding Company together with Belarus’ major medicine manufacturer Belbiofarm established a joint venture Vitunifarm in the free economic zone Vitebsk. In addition, Ferane provides substantial support to Belarusian schools, sports teams and participates in other projects in the Belarusian social sector.