Government Bodies
Flag Tuesday, 28 November 2023
Minsk Mainly clear -6°C
All news
All news
20 November 2023, 11:04

Private investments into Great Stone industrial park 8 times bigger than budget spending on it

An archive photo
An archive photo

MINSK, 20 November (BelTA) – The amount of private investments raised for the China-Belarus Industrial Park Great Stone is 8 times higher than the budget spending on the industrial park's development, BelTA learned from the press service of the Economy Ministry.

This year 23 new companies with a declared investment of $117 million have been registered with the industrial park. The total number of resident companies has reached 118 with plans to invest more than $1.4 billion and create 14,000 new jobs. About 80% of projects running in the Great Stone park have to do with the production of V and VI technological paradigms, which is a testimony to the innovative and high-tech nature of these projects.

The efficiency of the Great Stone resident companies is also proved by the improvement of key performance indicators. In January-September, the amount of taxes, fees and payments made by resident companies rose 2 times, output increased 1.4 times, foreign direct investment on a net basis expanded 1.2 times, exports of goods went up 1.1 times, revenue increased 1.5 times. The average salary exceeded Br3,000.

Subscribe to us
Recent news from Belarus