Export revenue of Belarus Hi-Tech Park residents up 25% in 2020 to $2.735bn
<p> MINSK, Mar 12 - PrimePress. Resident companies of Belarus’ High Technologies Park (Hi-Tech Park - HTP) increased export revenues from software engineering services by 25% year on year in 2020 to $2.735bn, the HTP press service said. </p> <p> </p> <p> The main consumers of IT products and services of HTP residents are the US and EU countries, which account for about 90% of all exports by HTP resident companies. The top five partner countries are the USA, Cyprus, the UK, Ireland and Russia. </p> <p> </p> <p> HTP residents increased their foreign direct investment in 2020 by 26% to $331.7 million. The number of development centres of foreign corporations increased by 23 to 107 companies in 2020. </p> <p> </p> <p> HTP resident companies increased their output in 2020 by 43% to Br7.4 billion ($2.854 billion at the exchange rate of the National Bank of Belarus), payments to the budget - by 38% to Br418 million ($161.2 million, $1 - Br2.5932). The share of gross domestic product of Belarus in gross domestic product in 2020 exceeds 4%. </p> <p> </p> <p> In 2020 the number of employees of HTP resident companies increased by 16.7% up to 70 thousand. In 2020, 236 new residents joined the HTP, and their number amounted to 1,021 companies. </p> <p> </p> <p> The Hi-Tech Park was established in Sep 2005 following President Lukashenko’s decree aimed at creating favourable conditions for software development and the rise of digital telecom technologies. </p> <p> </p> <p> On 21 December 2017, Belarus President Alexander Lukashenko signed a decree on the development of the digital economy. The document created special conditions for the national IT sector, and also provided significant competitive advantages to the country in the application of the advanced blockchain technologies, artificial intelligence, and unmanned transport. The HTP legal jurisdiction covers the whole territory of Belarus. End </p> <p> </p>
2021-03-13
Primepress
Export revenue of Belarus Hi-Tech Park residents up 25% in 2020 to $2.735bn
MINSK, Mar 12 - PrimePress. Resident companies of Belarus’ High Technologies Park (Hi-Tech Park - HTP) increased export revenues from software engineering services by 25% year on year in 2020 to $2.735bn, the HTP press service said.
The main consumers of IT products and services of HTP residents are the US and EU countries, which account for about 90% of all exports by HTP resident companies. The top five partner countries are the USA, Cyprus, the UK, Ireland and Russia.
HTP residents increased their foreign direct investment in 2020 by 26% to $331.7 million. The number of development centres of foreign corporations increased by 23 to 107 companies in 2020.
HTP resident companies increased their output in 2020 by 43% to Br7.4 billion ($2.854 billion at the exchange rate of the National Bank of Belarus), payments to the budget - by 38% to Br418 million ($161.2 million, $1 - Br2.5932). The share of gross domestic product of Belarus in gross domestic product in 2020 exceeds 4%.
In 2020 the number of employees of HTP resident companies increased by 16.7% up to 70 thousand. In 2020, 236 new residents joined the HTP, and their number amounted to 1,021 companies.
The Hi-Tech Park was established in Sep 2005 following President Lukashenko’s decree aimed at creating favourable conditions for software development and the rise of digital telecom technologies.
On 21 December 2017, Belarus President Alexander Lukashenko signed a decree on the development of the digital economy. The document created special conditions for the national IT sector, and also provided significant competitive advantages to the country in the application of the advanced blockchain technologies, artificial intelligence, and unmanned transport. The HTP legal jurisdiction covers the whole territory of Belarus. End