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18 February 2020, 19:23

Plans to create 1,000 jobs in free economic zone Brest in 2020

Fyodor Kolonchuk. An archive photo
Fyodor Kolonchuk. An archive photo

BREST, 18 February (BelTA) – At least 1,000 jobs will be created in the free economic zone (FEZ) Brest in 2020, BelTA learned from Head of the FEZ Brest Administration Fyodor Kolonchuk.

According to the source, new enterprises commissioned by companies residing in the free economic zone in 2019 created 890 new jobs, up from 721 jobs in 2018. At least 1,000 jobs are supposed to be created this year. “We are considering five potential resident companies – they represent Polish and German capital. I think we will register them soon. They will specialize in light industry, woodworking, cosmetology, metal products, parts and components for automotive industry,” Fyodor Kolonchuk said.

Apart from that, previously registered resident companies will start working. OOO BTV-Agro has built the first complex to grow mushroom spawns for the champignon growing company SOOO Bonshe. Jobs will be created as a result. The possibility of starting the production of wires for automobiles and motorhomes in the free economic zone is under consideration.

“Since we have all the contributory enterprises that make furniture, gas stoves, sandwich panels, manufacturing cooperation links may be established. We are in negotiations with potential residents from France and Germany. They are thinking about it for now,” the head of the FEZ Brest administration noted.

At present FEZ Brest is home to 71 resident companies from about 20 countries, including 47 companies with a share of foreign capital. Enterprises located in the free economic zone employ some 21,500 people. Since the zone was established, the total volume of investment has exceeded $1.6 billion, with $107 million invested in 2019. In 2019 FEZ Brest companies exported merchandise worth $729,000 (105.4% as against 2018) to 75 countries across the globe.

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