Great Stone Park residents’ revenues up 220% in 2020 to Br188.9m
<p> MINSK, Feb 15 - PrimePress. Resident companies of the China-Belarus Great Stone Industrial Park increased their revenues by 220% year on year in 2020 to $188.9 million, the National Statistics Committee of Belarus (Belstat) reports. </p> <p> </p> <p> Revenues from the export of sale of goods, products, works and services amounted to Br63.6 million ($24.569 million, 33.7% of total revenue), up eightfold from 2019. </p> <p> </p> <p> According to Belstat, net foreign direct investment in the Great Stone Industrial Park (excluding debt to direct investors for goods, works and services) decreased by 61.4% to $44.3 million in 2020, while capital investment increased by 15.4% to Br104.1 million ($40.214 million). </p> <p> </p> <p> Great Stone’s output of industrial products, works, and services grew by 340% year on year in 2020 to Br138.8 million ($53.619 million). Park residents paid Br26.3 million ($10.159 million) in taxes, fees and liabilities to the national budget and non-budgetary funds in 2020 against Br12.8 million ($4.944 million) in 2019. </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. Sixty-eight companies from 14 countries are registered as residents of the park, with total declared investments of over $1.2 billion. The number of residents increased by eight companies in 2020. End (Br2.5886/$1) </p>
2021-02-16
Primepress
Great Stone Park residents’ revenues up 220% in 2020 to Br188.9m
MINSK, Feb 15 - PrimePress. Resident companies of the China-Belarus Great Stone Industrial Park increased their revenues by 220% year on year in 2020 to $188.9 million, the National Statistics Committee of Belarus (Belstat) reports.
Revenues from the export of sale of goods, products, works and services amounted to Br63.6 million ($24.569 million, 33.7% of total revenue), up eightfold from 2019.
According to Belstat, net foreign direct investment in the Great Stone Industrial Park (excluding debt to direct investors for goods, works and services) decreased by 61.4% to $44.3 million in 2020, while capital investment increased by 15.4% to Br104.1 million ($40.214 million).
Great Stone’s output of industrial products, works, and services grew by 340% year on year in 2020 to Br138.8 million ($53.619 million). Park residents paid Br26.3 million ($10.159 million) in taxes, fees and liabilities to the national budget and non-budgetary funds in 2020 against Br12.8 million ($4.944 million) in 2019.
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. Sixty-eight companies from 14 countries are registered as residents of the park, with total declared investments of over $1.2 billion. The number of residents increased by eight companies in 2020. End (Br2.5886/$1)