Publication / Alexey Anischenko
Dear clients and colleagues, The Belarusian insurance market is strictly controlled by the state. The Ministry of Finance (MoF) is the main government body that supervises the activities of insurers and acts as registration and licensing authority. The Belarusian Civil Code of 7 December 1998 and the Edict of the President of Belarus on Insurance […]
Rosbank and banking group Alfa-Bank reached an agreement on sale of shares in Belrosbank. Belrosbank is a full-service bank founded by Rosbank in 2003. The bank employs 765 people across 29 offices in all regions and major cities of Belarus, and serves more than 100,000 customers. More than 99,99% of shares in Belrosbank belong to […]
Sorainen Belarus acted as counsel for Nordic Environment Finance Corporation (NEFCO) on its granting the first loan in Belarus under the Cleaner Production Facility programme. The loan, to Vitebsk Meat Packing Plant (MPP), is for modernising meat production facilities in Vitebsk, Eastern Belarus, including upgrade of the factory’s steam boilers and heat exchangers as well […]
Sorainen Belarus advised International Finance Corporation (IFC) on providing the Alutech Group of Companies (Alutech) with a EUR 22 million long-term corporate loan to support its strategic growth, expand exports and improve environmental and social standards. The loan is the biggest IFC investment so far in Belarusian companies. Alutech, headquartered in Belarus, is a leading […]
Sorainen Belarus advised Signature Investment Group (SIG) on its acquisition of Korona, operator of the largest retail trade centre in Grodno, Belarus. The total area of the trade centre is approx 20,000 m² and is almost entirely leased to 800 tenants. SIG is a global investment firm with offices in the US (New York) and […]