Belarus reports Br431.7m in net profit of FEZ residents in Q1 2021 against Br1.733bn loss in Q1 2020
<p> MINSK, May 18 - PrimePress. The net profit of the resident enterprises of Belarus’ free economic zones (FEZ) in Q1 2021 totalled Br431.7 billion ($171.2 million at the exchange rate of the National Bank of Belarus) against a net year-on-year loss of Br1.733 billion ($687.3 million) in Q1 2020, the National Statistics Committee of Belarus (Belstat) said in a statement. </p> <p> </p> <p> Proceeds from sales of goods, works and services of FEZ enterprises in Q1 2021 increased 32.1% to Br6.047 billion ($2.4 billion). Industrial output was up 33.1% (in actual prices) to Br5.652 billion ($2.24 billion). </p> <p> </p> <p> FEZ residents increased exports of goods in Q1 2021 by 23.3% on the year to $1/635 billion. Imports of goods increased 23.7% to $1.049 billion. Exports of services grew by 20.5% to $16.742 million, and imports of services grew by 49.5% to $37.817 million. </p> <p> </p> <p> In Q1 2021, capital investment in FEZ totalled Br328.2 billion ($130.16 million), up 6.9% year on year in comparable prices. Foreign investments amounted to Br62.4 million ($24.75 million), up 45.9% year on year in comparative prices. </p> <p> </p> <p> The FEZ numbered 440 registered residents as of Apr 1, 2021 (+16 from Apr 1, 2020), including 426 (+17) active. The average number of employees at FEZ enterprises in Q1 2021 decreased 1.2% year on year to 135,971. End (Br2.518/$1) </p>
2021-05-19
Primepress
Belarus reports Br431.7m in net profit of FEZ residents in Q1 2021 against Br1.733bn loss in Q1 2020
MINSK, May 18 - PrimePress. The net profit of the resident enterprises of Belarus’ free economic zones (FEZ) in Q1 2021 totalled Br431.7 billion ($171.2 million at the exchange rate of the National Bank of Belarus) against a net year-on-year loss of Br1.733 billion ($687.3 million) in Q1 2020, the National Statistics Committee of Belarus (Belstat) said in a statement.
Proceeds from sales of goods, works and services of FEZ enterprises in Q1 2021 increased 32.1% to Br6.047 billion ($2.4 billion). Industrial output was up 33.1% (in actual prices) to Br5.652 billion ($2.24 billion).
FEZ residents increased exports of goods in Q1 2021 by 23.3% on the year to $1/635 billion. Imports of goods increased 23.7% to $1.049 billion. Exports of services grew by 20.5% to $16.742 million, and imports of services grew by 49.5% to $37.817 million.
In Q1 2021, capital investment in FEZ totalled Br328.2 billion ($130.16 million), up 6.9% year on year in comparable prices. Foreign investments amounted to Br62.4 million ($24.75 million), up 45.9% year on year in comparative prices.
The FEZ numbered 440 registered residents as of Apr 1, 2021 (+16 from Apr 1, 2020), including 426 (+17) active. The average number of employees at FEZ enterprises in Q1 2021 decreased 1.2% year on year to 135,971. End (Br2.518/$1)