OREANDA-NEWS. November 13, 2008. Belarus guarantees safety of foreign investment provided certain conditions are met, Prime Minister of Belarus Sergei Sidorsky said while meeting with Latvian businessmen on November 12.

“Many companies want to buy 51% of an enterprise’ shares. We tell them that we can even sell 100%, but certain conditions should be met to ensure that the interests of both sides will be taken into consideration,” the Belarusian Premier said. The terms of doing business should accommodate the socially oriented economy, the shares should be purchased at the market price, the investment should be placed in due time, jobs should not be cut.

“The state guarantees safety of all major investment provided these conditions are met,” Sergei Sidorsky said. Apart from that, the Belarusian side is interested in the successful work of all joint ventures and it will contribute to their efficient work.

Sergei Sidorsky added that Belarus is interested in the participation of the Latvian capital in different areas of business. At present, about 200 companies with the Latvian capital have been registered in Belarus; about 500 joint ventures operate on the territory of the two countries.