03-10-2016 2171 Views

Representatives of federal Ministry of Finance (Austria) evaluated investment projects of BMZ

Representatives of Austrian federal Ministry of Finance paid a visit to BMZ in the first half of September to assess investment projects, which were being implemented with the financial assistance of Oesterreichische Kontrollbank AG.

It should be noted that BMZ has been in business relationship with Austrian partners within all its history. Austrian company Primetals (old name VЕST Alpine) has been a key partner of Byelorussian Steel Works starting from construction of the plant back in the past and up to recent upgrading of melting shop.


According to Mr. Johann Kinast (head of export guarantee dpt., Federal Ministry of Finance of Austria), BMZ is one of the most important clients for them in Belarus.

   — Austria pays great attention to export and investments to such countries as yours. For the past years Belarus has become one of the countries we established relations with and granted loans to. And, in particular, BMZ is one of the most important clients in Belarus. Our target today is to see the projects we participated in and those ones that were financed within last 30 years.

    Representatives of Oesterreichische Kontrollbank visited upgraded facilities, had a talk with the management of the enterprise. Economic, environmental and social matters of the plant activities were discussed at the meeting where bank representatives as well as specialists of BMZ and Primetals participated. On the whole, all questions of Oesterreichische Kontrollbank representatives were answered adequately. Based on monitoring findings, the Austrian party will prepare a report, which will be sent to BMZ, as well.