Belarusbank, Great Stone Industrial Park sign memorandum of cooperation under Iskra Programme
<p> MINSK, Jul 9 - PrimePress. Belarusbank and the Development Company of the China-Belarus Great Stone Industrial Park have signed a memorandum of cooperation in the framework of the Iskra Investment Project Programme. </p> <p> </p> <p> The Iskra Programme was created in the format of an investment club for the development of scientific and technological achievements, support for entrepreneurs and the attraction of new industries to the Great Stone Industrial Park. </p> <p> </p> <p> Belarusbank is ready to provide program participants with a full range of banking services, including credit financing for promising projects on favorable terms. </p> <p> </p> <p> Belarusbank, one of Belarus’ largest banks, was established in July 1991 and transformed into an open joint-stock company in October 1995 by merging with Sberbank of Belarus. The state-owned share in the statutory capital of the bank is 99.95%. </p> <p> </p> <p> The China-Belarus Great Stone Industrial Park is located in the vicinity of Minsk National Airport on the area of 112.5 sq. km. </p> <p> </p> <p> The special privileged legal regime of the park is valid until 2062. The Great Stone Industrial Park stakes on the development of electronics, biomedicine, fine chemistry, engineering. The declared amount of investment for residents is at least $5 million (at least $500,000 in the case of a research project or if the project is implemented within the first three years). The land in the park can be sold and owned as private property. Companies from 15 countries with more than US $1 billion in declared investments are registered as park residents. End </p>
2020-07-10
Primepress
MINSK, Jul 9 - PrimePress. Belarusbank and the Development Company of the China-Belarus Great Stone Industrial Park have signed a memorandum of cooperation in the framework of the Iskra Investment Project Programme.
The Iskra Programme was created in the format of an investment club for the development of scientific and technological achievements, support for entrepreneurs and the attraction of new industries to the Great Stone Industrial Park.
Belarusbank is ready to provide program participants with a full range of banking services, including credit financing for promising projects on favorable terms.
Belarusbank, one of Belarus’ largest banks, was established in July 1991 and transformed into an open joint-stock company in October 1995 by merging with Sberbank of Belarus. The state-owned share in the statutory capital of the bank is 99.95%.
The China-Belarus Great Stone Industrial Park is located in the vicinity of Minsk National Airport on the area of 112.5 sq. km.
The special privileged legal regime of the park is valid until 2062. The Great Stone Industrial Park stakes on the development of electronics, biomedicine, fine chemistry, engineering. The declared amount of investment for residents is at least $5 million (at least $500,000 in the case of a research project or if the project is implemented within the first three years). The land in the park can be sold and owned as private property. Companies from 15 countries with more than US $1 billion in declared investments are registered as park residents. End