Lithuania’s Viciunai is dropping plans to build a large fish processing facility near Belarus' capital of Minsk, citing changes in the business environment and the company's strategy as the reason, reports The Baltic Course.
“The decision to abandon the status of a resident of the Minsk free economic zone (FEZ) was well thought out and based on business logic,” said Mindaugas Snicorius, the group's spokesman.
“It had been years since plans to build a factory in Belarus were discussed. Many changes have occurred both in the business and in the world over these three years.
