Главная > News > VMP Vlasova Mikhel & Partners assists China Development Bank in setting up a representative office in Belarus
20 june 2018

VMP Vlasova Mikhel & Partners assists China Development Bank in setting up a representative office in Belarus

China Development Bank (CDB) Representative office in Minsk was registered on June 5, 2018. The decision was announced in the NBRB Board Decision of June 5, 2018 No. 256.

The representative office is established to study the possibilities of developing trade and economic relations and expanding cooperation between countries.

China Development Bank was registered on July 1, 1994. Its main focus is supporting the core industries of the Chinese economy, promotion  the development of specific areas and construction  the necessary infrastructure. In addition, the bank is involved in the implementation of major infrastructure projects in China and abroad.

The Republic of Belarus has been cooperating with China Development Bank  since 2008. In Belarus CDB financed a number of large investment projects, including the construction of the Vitebsk hydropower plant, the potash mining and ore-dressing complex, production of cardboard, and a number of Belarusian-Chinese investment projects. VMP supported these projects as well.