Great Stone Park residents’ exports up 110% in 1H20 to $33.1m
<p> MINSK, Aug 26 - PrimePress. Resident companies of the China-Belarus Great Stone Industrial Park increased exports by 110% year on year in the first half of 2020 to $33.1 million, the National Statistics Committee of Belarus (Belstat) reports. </p> <p> </p> <p> Russia accounted for 52% of total exports; Romania – 29%. </p> <p> </p> <p> Great Stone residents’ imports increased in 1H20 by 42% on the year to $42 million. The deficit of foreign trade in goods in amounted to $8.9 million. </p> <p> </p> <p> Residents’ industrial output rose in Jan-Jun 2020 by 320% yoy to Br44.7 million ($17.2 million at the rate of the National Bank of Belarus). </p> <p> </p> <p> The net loss of resident companies in 1H20 amounted to Br30.6 million ($11.8 million) against Br4.3 million ($1.7m) in Jan-Jun 2019. </p> <p> </p> <p> Great Stone residents raised $32.6 million in net foreign investment in the first half of 2020, up 15% year on year. </p> <p> </p> <p> As of July 1, 2020, Great Stone numbered 62 registered resident companies (+18); 46 of them (74.2%) were active. </p> <p> </p> <p> The Great Stone Park is located in the area of the Minsk National International Airport in the area of 112.5 sq. km. The special preferential legal regime is granted to the Park until 2062. Its residents mainly focus on electronics, biomedicine, fine chemistry and mechanical engineering. The declared investment for residents is $5 million (at least $500,000 for a research project). The land in the Park can be privatized. The Park numbers 63 resident companies of 15 countries with a total declared investment of over $1.2 billion. End (Br2.6028/$1) </p> <p> </p>
2020-08-26
Primepress
MINSK, Aug 26 - PrimePress. Resident companies of the China-Belarus Great Stone Industrial Park increased exports by 110% year on year in the first half of 2020 to $33.1 million, the National Statistics Committee of Belarus (Belstat) reports.
Russia accounted for 52% of total exports; Romania – 29%.
Great Stone residents’ imports increased in 1H20 by 42% on the year to $42 million. The deficit of foreign trade in goods in amounted to $8.9 million.
Residents’ industrial output rose in Jan-Jun 2020 by 320% yoy to Br44.7 million ($17.2 million at the rate of the National Bank of Belarus).
The net loss of resident companies in 1H20 amounted to Br30.6 million ($11.8 million) against Br4.3 million ($1.7m) in Jan-Jun 2019.
Great Stone residents raised $32.6 million in net foreign investment in the first half of 2020, up 15% year on year.
As of July 1, 2020, Great Stone numbered 62 registered resident companies (+18); 46 of them (74.2%) were active.
The Great Stone Park is located in the area of the Minsk National International Airport in the area of 112.5 sq. km. The special preferential legal regime is granted to the Park until 2062. Its residents mainly focus on electronics, biomedicine, fine chemistry and mechanical engineering. The declared investment for residents is $5 million (at least $500,000 for a research project). The land in the Park can be privatized. The Park numbers 63 resident companies of 15 countries with a total declared investment of over $1.2 billion. End (Br2.6028/$1)