29 March 2024, Friday, 0:36
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Yasub: Authorities Not To Get Investments From "Asian Tiger"

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Yasub: Authorities Not To Get Investments From "Asian Tiger"
VADZIM YASUB

Officials fly to Hong Kong to waste people's money.

The delegation of Belarusian officials headed by First Deputy Prime Minister Vasil Matsiusheuski went to adopt the experience of the "Asian tiger".

Officials, among whom there is also the Minister of Taxes and Levies of Belarus Siarhei Nalivaika, will meet with representatives of business and financial circles of Hong Kong, visit the Hong Kong Stock Exchange and hold an investment forum called "Belarus calling Hong Kong".

What are practical benefits of this visit for the Belarusian economy?

Alpari senior analyst Vadzim Yasub doubts in his commentary to Your Country’s Tomorrow that in today's situation, the Belarusian officials will be able to learn something useful from this trip.

– At least from the technical point of view, just watching, how the exchange house is being run, one of the world's financial centers, – he says.

The interlocutor is sure that it is first necessary to create a background in the form of such fundamental things as the inviolability of private property, its unconditional protection – including the legal one, to implement this experience.

– Otherwise, it is a purely theoretical interest, – Vadzim Yasub is convinced.

According to the financial analyst, Hong Kong can be considered as a potential site for the placement of Eurobonds, but the prospects of such a scenario are highly uncertain.

– As for the attraction of investors, now Belarus has no benefits in comparison with other countries, attracting investments. Especially, in a situation when the domestic demand is declining, the foreign trade is reducing and relations with Russia are strained. It is unclear how Belarus may be of interest to Asian investors in this situation, – Vadzim Yasub emphasizes.

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