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Economy
21 February 2020, 11:53

Belarus' FEZ Minsk export at $1.315bn in 2019

Archive photo
Archive photo

MINSK, 21 February (BelTA) – In 2019, export of residents of the free economic zone (FEZ) Minsk amounted to $1.315 billion, up by 18% over 2018, BelTA learned from the administration of FEZ Minsk.

“Export of our residents has topped $1 billion for three years, which shows the export positive dynamics. Their products are exported to 80 countries,” representatives of the FEZ Minsk said.

Last year, new enterprises created more than 1,500 jobs (132% as against 2018), raised $92 million in investment, and paid Br342 million in taxes, duties and payments to the budget and extrabudgetary funds (21% up over 2018).

In 2019, the FEZ Minsk administration registered 17 new resident companies. These enterprises produce steel containers for transporting cargo by various means of transport in Molodechno, vandal-resistant devices for water metering in Zhodino, wooden doors and windows to a Scandinavian technology in Borisov.

In 2020, the FEZ Minsk will focus on the development of its territory near Fanipol. In line with the plan, the territory has been divided into more than 50 sites (from 1.2 to 11.2 hectares in size) with the total area of about 190 hectares for new investment projects.

“The main driver of the development of this site will be construction of the Cherkassy electric substation and a high-pressure gas pipeline as well as engineering and transport infrastructure facilities to support their operation,” the administration noted. The gradual development of the promising site is already underway. Twelve FEZ residents operate there, four more companies seek to get a land plot at the site.

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