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Revenues of Great Stone resident companies up by 3.4 times in January-September

17 November 2020

MINSK – Revenues of resident companies of the China-Belarus industrial park Great Stone totaled Br126.2 million in January-September 2020, surging 3.4 times year-on-year, BelTA learned from the National Statistics Committee of Belarus.

Revenues from export of goods, works, and services totaled Br36.8 million, which was up by 8.7 times and accounted for 29.2% of the total revenues.

In January-September 2020 the industrial park had 65 resident companies (55 companies last year). The average number of workers was at 970 (as against 596 last year).

Net loss amounted to Br45.6 million (over Br9.4 million last year).

Foreign direct investments on a net basis (excluding direct debt to investors for goods, works, services) came at $36.6 million (down by 7.3% year-on-year). Capital investments equaled Br57.8 million (up by 2.7%).

The China-Belarus industrial park Great Stone is a special economic zone with a special legal regime. It is located 25km away from Minsk. Companies from 14 countries are registered in the park. The park's priority development areas include mechanical engineering, electronics and telecommunications, biotechnologies, pharmaceutics, new materials, logistics, digital commerce, big data storage and processing.

BelTA

© 2020 RUE «NATIONAL CENTRE FOR MARKETING AND PRICE STUDY»
Ministry of Foreign Affairs of the Republic of Belarus