OREANDA-NEWS. January 28, 2009. Zepter Group intends to open insurance and leasing companies in Belarus, the President of Zepter International, Philip Zepter, noted as he met with Belarusian Prime Minister Sergei Sidorsky, reported the Official website www.government.by.

At present, the Belarusian Government and Zepter Group are discussing the construction of a business centre in Minsk. The cost of the construction is estimated at EUR 200 million.

Zepter Group intends to set up the company which will give an advisory opinion regarding privatization in Belarus. According to Philip Zepter, his company is interested in the Belarusian industry and especially the processing industry. He expressed the interest in development of business relations with Belarusian companies. “The global financial crisis has affected your country to a lesser extent. Even during this time, Belarus is attractive for investing,” he noted.

Sergei Sidorsky said that he met Philip Zepter during the Belarus Investment Forum in London. The Belarusian Premier welcomes Zepter’s intention to open insurance and leasing companies in Belarus as insurance and leasing businesses are underdeveloped in the country.

Sergei Sidorsky noted that this country has been working on the privatization of companies in various branches of the economy. According to Sergei Sidorsky, this year this work will be continued to help potential investors to implement their projects in Belarus. Addressing Philip Zepter, the Prime Minister expressed confidence that the decisions which will be passed today will help Zepter Group to develop its business in Belarus.

In 2008 Zepter Bank was registered in Belarus. Its authorized capital makes up US17 million and within a year Zepter Group intends to increase it. In the future, Zepter Group intends to open 20 bank’s offices all around Belarus. According to Philip Zepter, the bank should give an impetus to all the projects of Zepter Group in Belarus.

Zepter Group was founded in Austria in 1986. Zepter Group produces, sells and distributes exclusive high-quality consumer goods around the world. Philip Zepter is the owner and the President of Zepter Group. The annual revenue of the company is around EUR1 billion. The total cost of the company is estimated at several billions of euros. Zepter Group is composed of more than 100 companies which are engaged in production, sales, real estate, banking and insurance businesses.