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21 January 2022, 16:32

China-Belarus Great Stone park posts strong growth

MINSK, 21 January (BelTA) - Head of the Administration of the China-Belarus Industrial Park Great Stone Aleksandr Yaroshenko spoke about the economic performance of the Great Stone park resident companies as part of the V teme [On point] online project on BelTA's YouTube channel, BelTA has learned.

“We were really pleased with some figures, first of all economic ones. The Great Stone park resident companies have posted net profits cumulatively. In past years most of the resident companies were actively involved in investment activities (construction, equipment, and financing). Last year we posted Br13 million in profits. That was not high but still,” Aleksandr Yaroshenko said.

Revenues are another point. “Both manufacturing output and revenues are growing at a fast rate. I am not bragging. We are still at the start of our journey and they are still not that high, just more than Br250 million. Revenues have more than doubled over January-September of the previous year. Export revenues rose more than thrice. The Great Stone park companies sell into 20 countries. The park's major partners are Russia, China, the European Union, and Switzerland. This shows that our resident companies are export-oriented manufacturers producing high-quality goods,” Aleksandr Yaroshenko stressed.

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