Business news

MINSK, 24 November (BelTA) – Another two resident companies with a total amount of investment estimated at $7 million registered in the Belarus-China industrial park Great Stone, the head of the park’s administration Alexander Yaroshenko told the media on 24 November, BelTA has learned.

Relevant documents were signed following the 10th session of the working group on the industrial park project in Minsk on 24 November. Taking part in the meeting were Belarusian Economy Minister Vladimir Zinovsky and Chinese Vice Minister of Commerce Fu Ziying.

One of the companies is the Mogilev-based Levanta Grupp ($5 million in investment). According to Alexander Yaroshenko, Levanta Grupp plans to carry out a promising high-technology project. “The company has several innovative patents related to industrial air conditioners. We suppose that they will be implemented in nuclear energy, a very relevant field, and in mechanical engineering. Levanta Grupp exports a large share of products to the Eurasian Economic Union,” he remarked.

The other new resident company is based in China. “Our Chinese partners take an active part in the project. This is their 14th company to join Great Stone,” Alexander Yaroshenko stated. In his words, the new resident company will launch innovative projects in smart transport. “Such companies promoting information and communication technologies are important and interesting for us. The amount of investment is also quite substantial for the first stage – over $2 million,” he added.

The total number of Great Stone resident companies now stands at 23, four of them being Belarusian enterprises. “We always advertise Great Stone as an industrial project, this is why its geography has been expanding,” Alexander Yaroshenko noted and also pointed out that the park has registered companies from Belarus, China, the USA, Russia, Lithuania, Austria, and Germany.

The head of the Great Stone administration does not rule out that the number of resident companies may increase by the year-end. In particular, some Belarusian companies are likely to take a decision to join the park.