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15 March 2021, 12:06

Growing number of companies seen as Belarusian Hi-Tech Park's main achievement in 2020

MINSK, 15 March (BelTA) – More resident companies get registered with Belarus' Hi-Tech Park (HTP). New promising companies join, and we see this as our main achievement in 2020, Director of Belarus' Hi-Tech Park Vsevolod Yanchevsky told the Belarus 1 TV channel, BelTA has learned.

Ill-wishers predicted the downfall and even the collapse of the Hi-Tech Park. This did not happen, Vsevolod Yanchevsky said. Quite the opposite: last year was the most successful year in the HTP history.

Due to certain reasons, last year was difficult, perhaps, even the most difficult in the history of the Hi-Tech-Park. However, after taking stock of our performance, we saw that 2020 was also the most successful year in our history, Vsevolod Yanchevsky said. “Our export and output hit the record high of $2.7 billion and Br7.5 billion respectively in 2020. Export surged by 25% over 2019 and output by 43%, although 2019 was also a very good year,” Vsevolod Yanchevsky said.

According to him, the HTP has managed to achieve such good results thanks to the government's wise and reasonable policy regarding such a bold venture.

The main achievement of 2020 was not the growth in export, output, or tax payments to the national budget, Vsevolod Yanchevsky said. “Most importantly, we registered a lot of new resident companies – several hundred in the past year. The majority of them are small businesses, mostly startups, but these companies have the potential to grow into giants, large, or medium-sized companies. In my opinion, a small company is the most effective, dynamic, and promising one,” he believes.

The new resident companies work in all branches of IT. Their investors come form Belarus and other countries.

Vsevolod Yanchevsky urged HTP resident companies to contribute more actively to the country's digitization effort this year. Ill-wishers will be making gloomy projections again but the Hi-Tech Park will prove them wrong, he added.

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