Lukashenko instructs to draw untapped global capital to Belarus’ IT industry
<p> MINSK, Mar 16 - PrimePress. Belarusian president Alexander Lukashenko has ordered to attract untapped global capital to the Belarusian IT sector. He said this on March 16 during a meeting to discuss bills aimed at combating illicit financial transactions in the IT sector. </p> <p> </p> <p> “When the COVID pandemic broke out last year, the world leaders printed trillions of dollars to keep their economies afloat, to support businesses and people,” said Lukashenko. </p> <p> </p> <p> “Where did these funds start flowing? They were invested in what has the greatest growth prospects and, of course, profitability - the IT industry,” said Lukashenko. In his words, the enormous demand pushed the value of high-tech companies by 200% to 800%. “No legitimate business can generate this kind of income. Even the value of an unsecured cryptocurrency has reached an all-time record. However, most of the printed money is still idle, which means that if we raise these funds, they will serve as a great impetus to our growth,” said Lukashenko. </p> <p> </p> <p> He emphasized that a lot has already been done in Belarus to create a new and very effective sector of the economy in the country. “The companies operating in the Hi-Tech Park are significantly ahead of traditional industries in most economic indicators. The foreign exchange earnings they bring to the country have become an important contributor to the financial sustainability and price stability,” Lukashenko said. </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. </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> 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. End </p>
2021-03-17
Primepress
Lukashenko instructs to draw untapped global capital to Belarus’ IT industry
MINSK, Mar 16 - PrimePress. Belarusian president Alexander Lukashenko has ordered to attract untapped global capital to the Belarusian IT sector. He said this on March 16 during a meeting to discuss bills aimed at combating illicit financial transactions in the IT sector.
“When the COVID pandemic broke out last year, the world leaders printed trillions of dollars to keep their economies afloat, to support businesses and people,” said Lukashenko.
“Where did these funds start flowing? They were invested in what has the greatest growth prospects and, of course, profitability - the IT industry,” said Lukashenko. In his words, the enormous demand pushed the value of high-tech companies by 200% to 800%. “No legitimate business can generate this kind of income. Even the value of an unsecured cryptocurrency has reached an all-time record. However, most of the printed money is still idle, which means that if we raise these funds, they will serve as a great impetus to our growth,” said Lukashenko.
He emphasized that a lot has already been done in Belarus to create a new and very effective sector of the economy in the country. “The companies operating in the Hi-Tech Park are significantly ahead of traditional industries in most economic indicators. The foreign exchange earnings they bring to the country have become an important contributor to the financial sustainability and price stability,” Lukashenko said.
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.
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.
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. End