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Four companies with $190m in investment join FEZ Grodnoinvest in 2019

Economy 14.01.2020 | 17:57
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Archive photo

MINSK, 14 January (BelTA) – In 2019, the Free Economic Zone (FEZ) Grodnoinvest registered four companies working in woodworking and manufacturing of non-metallic mineral products with the total volume of declared investment of more than $190 million, including over $160 million in fixed capital, BelTA learned from the FEZ administration.

“Companies with Belarusian, Austrian, and Polish capital intend to set up enterprises at the industrial sites of the FEZ Grodnoinvest in Grodno and Svisloch. This will create more than 560 new well-paid jobs,” the administration noted.

Most output will be bound for export to the European Union.

All in all, the FEZ Grodnoinvest is home to 75 companies with investment from 41 countries. The free economic zone offers potential investors land plots and industrial sites with engineering and transport infrastructure, tax, customs, and other preferences that enable to reduce the cost of projects and make products more competitive.

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