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23 March 2023, 16:32

Economy Ministry: Availability of infrastructure on top of investors' wish list in Belarus

Yuri Chebotar. File photo
Yuri Chebotar. File photo

GOMEL. 23 March (BelTA) – The availability of infrastructure is on top of investors' wish list today, Belarusian First Deputy Economy Minister Yuri Chebotar told the media on the sidelines of the Congress of Free Economic Zones in Gomel, BelTA has learned.

Yuri Chebotar noted that the history of free economic zones is long, for example, that of the Free Economic Zone Gomel-Raton is over 25 years long.

"We see that the world is changing and investors are becoming more demanding. We started with some preferential regimes, tax regimes and so on. Today, the availability of infrastructure comes to the fore,” the first deputy minister said.

Many Belarusian FEZs are actively working in this direction. They attract both funds from the outside and use their own development funds in order to build their own infrastructure, provide ready-to-use sites and premises for new enterprises.

Cohesion of FEZs and technology parks is another key direction. Yuri Chebotar noted.

He highlighted the use of local resources as another important aspect. "We pay great attention to this today so that residents make the most of the opportunities available in the Republic of Belarus," he added.

The third Congress of Free Economic Zones is running in Gomel on 23-24 March. The two-day congress explores the role of free economic zones, industrial, science and technology parks as drivers of the development of territories. More than 250 people are participating in the forum. Among them are representatives of free economic zones, industrial, science and technology parks from Belarus, Russia, Uzbekistan, and also officials of the Economy Ministry, the Gomel Oblast Executive Committee and the Gomel City Executive Committee, and FEZ Gomel-Raton resident companies.

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