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28 April 2024, 11:25

Investments into FEZ Minsk to increase 1.2 times in 2024

MINSK, 28 April (BelTA) – Investments into the Free Economic Zone Minsk are expected to go up 1.2 times in 2024, Head of the FEZ Minsk Administration Anatoly Buben said in an interview with a BelTA correspondent.

“In 2024, investments are expected to grow 1.2 times on the back of new investment projects and diversification of investment activities of resident companies,” noted Anatoly Buben.

According to him, modernization and technical re-equipment, introduction of advanced technologies, reduction of production costs, including by making the most of the preferential regime at the FEZ are seen as key instruments to increase companies' efficiency in promoting their exports. There are plans to ramp up production of high-tech, innovative and export-oriented goods, develop new high-margin products, readjust foreign trade strategies and redirect export flows from Western markets to East Asia.

“We will continue to develop the free economic zone, create and improve infrastructure for investors,” said Anatoly Buben.
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