Russian Iner explained Lukashenko why developers are fleeing from Minsk City

Instead of $ 1.7 billion, the largest construction site in Belarus - the Minsk City business center - will bring some losses. About this, as Kommersant writes, the head of state Alexander Lukashenko, in a letter, was warned by the Russian oil and gas company "Itra", which the Belarusian authorities removed from the project .

The construction of the Minsk City business center with residential complexes, offices, torgenters and hotels with a total area of ​​3.5 million square meters. Started in 2007. Last week, the authorities of the Belarusian capital announced the termination of the contract with the developer - "Itra". Officials motivated their decision by the fact that the company, despite the tax preferences received, breaks the construction time.

As it turns out, a week before this event, the co -owner of Iter, Igor Makarov, appealed to the President of Belarus with a request to revise the conditions for the implementation of the project. From a letter to the president, which is quoted by the newspaper, it follows that now the project is unprofitable. The reason for this is the demand for real estate in Minsk due to the crisis.

And as a result, all Russian partners “ITERS” came out of the project - VEB, VTB, SU -155, OJSC Vnukovo Airport. The initial figures for the Minsk City project are really different from the real situation that has now developed on the market, the representative of the Su-155 confirms.

Itra asked the President of Belarus to adjust the construction time taking into account the future recovery of the market. However, when this period comes, none of the Minsk consultants begin to predict.

In the press service of the Iters did not say whether this letter led to the negative reaction of the authorities last week. The head of the press service of the President of Belarus Pavel Pavel Light also refused to comment. But after a recent visit to the PRC, Alexander Lukashenko himself stated that the unnamed Chinese developers are interested in the construction of Minsk-City.

Experts already call this decision of Minsk political, RBC reports, noting that Lukashenko over the past half -year has repeatedly emphasized that the terms and concept of the project would remain unchanged, which is virtually equivalent to the statement of the authorities to take into account the economic circumstances that have changed after the crisis of 2008. And against this background, the President of Belarus announces the intention to transfer the project to China with the right to subsequently sell his areas.

"Today, China is one of the largest investors in the world. But this investor has the goals of this investor. Walking towards Belarus, the Chinese are most likely considering it as a bridgehead for penetrating Europe. Proposals for supporting the euro, agreement with Belarus - Steps to one goal. China is not interested in real estate in Minsk, which, moreover, has great doubts that Chinese investors, even if they are, even if they are, even if they are They will agree to participate in this project, they will build construction as qualitatively as the loyal Russian company, which is the best partner for Belarus today, ”said the doctor of political sciences Stanislav Radkevich.

"Lukashenko acts in this situation inadvertently, it would be worthwhile to look into the eyes more carefully. At the stage of negotiations, they, of course, will shake with the acting authorities. But, as soon as they are fixed on Belarusian land, they can also support an opposition that can cooperate with Europe much better than Lukashenko," he believes that Lukashenko once again demonstrated Lukashenko. His unfriendly attitude towards Russian partners, loyal Belarus, which can be considered an indicator of the vector of its foreign policy. "

The senior analyst of Arbat-Capital, Vitaly Gromadin, also believes that "based on the information available, it is very similar that the contract is interrupted due to the reluctance of Belarus for some reason to take into account the changes that occurred due to the crisis." “And since for ITERS this is tantamount to losses instead of profits, it is strange at all that the company had not left before and continued to fulfill its obligations,” concluded Gromadin.

Confirmation of today's absolute disadvantage of the project can be information that Belarus is now experiencing an economic crisis. According to official figures, since the beginning of the year, inflation in Belarus amounted to 207% of the last year, the national tax rate decreased almost three times, and the salaries of Belarusians in dollar equivalent - almost half, recalls RBC.