Country Report Belarus December 1998 Main report

Business news: Maersk opens its office despite the region's crisis

The Danish container carrier company Maersk Line has decided to brave the current crisis and carry through with investment plans in Belarus. Maersk Line, the world's largest container company, opened up an office in Minsk in September. According to Belarus Now, an English-language Belarusian news source, the company based its investment decision on the success of Maersk Medical, a related company involved in a joint venture in Belarus since 1992, as well as on Belarus's geographic location and, until recently, the prospect of a large Russian market nearby. Although Maersk Line describes Belarus's shifting legislative framework and pricing policies as problematic, it plans to wait out the crisis by increasing its business with western Europe until regional prospects improve.

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