OREANDA-NEWS. July 04, 2008. The Lithuanian investment in Belarus may increase manifold in the nearest future, it was learnt from Ambassador Extraordinary and Plenipotentiary of Belarus to the Lithuanian Republic Vladimir Drazhin who participated in the Days of the Economy of the Lida region that was opened.

According to him, a Lithuanian company and the Minsk City Council have recently signed an agreement on the reconstruction of the Tractor stadium where a hotel complex, a business and shopping centres will be built.

The investment project is \\$350 million worth. Apart from that, Lithuanian investors are interested in the construction of hypermarkets in the oblast centers of Belarus and the development of the roadside service in the country. Lithuania is ready to invest up to EUR1 billion in the Belarusian economy, Vladimir Drazhin added.