Belarus’ free economic zones report Br2.071bn net loss in Q1 2020
<p> MINSK, May 15 - PrimePress. Companies registered in Belarus’ six free economic zones reported a net loss of Br 2.071 billion ($844.9 million) in Jan-Mar 2020, to compare with a Br408.6m net profit ($166.7m) in Q1 2019, an official with the National Statistics Committee told PrimePress. </p> <p> </p> <p> FEZ resident companies’ sales proceeds grew 7.8% to Br4.531 billion ($1.848 billion). Industrial output grew by 7.5% yoy to Br4.2bn ($1.713bn). Export of goods grew by 8.4% year on year to $1.321 million; import of goods – up 2.6% to $846 million. Services export – down 57.6% to $11.4 million, imports – down 22.8% to $25 million. </p> <p> </p> <p> Fixed-capital investments expanded by 28.7% to Br302.4 million ($123.4 billion), including foreign investments at Br40.1 million ($16.4m), down 40.5% yoy in comparable prices. </p> <p> </p> <p> Belarusian free economic zones had 424 registered companies as of Apr 1, 2020 (unchanged). End </p>
2020-05-16
Primepress
Belarus’ free economic zones report Br2.071bn net loss in Q1 2020
MINSK, May 15 - PrimePress. Companies registered in Belarus’ six free economic zones reported a net loss of Br 2.071 billion ($844.9 million) in Jan-Mar 2020, to compare with a Br408.6m net profit ($166.7m) in Q1 2019, an official with the National Statistics Committee told PrimePress.
FEZ resident companies’ sales proceeds grew 7.8% to Br4.531 billion ($1.848 billion). Industrial output grew by 7.5% yoy to Br4.2bn ($1.713bn). Export of goods grew by 8.4% year on year to $1.321 million; import of goods – up 2.6% to $846 million. Services export – down 57.6% to $11.4 million, imports – down 22.8% to $25 million.
Fixed-capital investments expanded by 28.7% to Br302.4 million ($123.4 billion), including foreign investments at Br40.1 million ($16.4m), down 40.5% yoy in comparable prices.
Belarusian free economic zones had 424 registered companies as of Apr 1, 2020 (unchanged). End