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Belarus’ FEZs account for 21% of merchandise export in H1 2023

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MINSK, 18 August (BelTA) – In the first half of 2023, Belarus’ free economic zones attracted 19% of all foreign direct investment on a net basis. They also accounted for 21% of export of goods and 18% of industrial output, BelTA learned from the press service of the Economy Ministry.

The average monthly salary of employees of FEZ resident companies increased by almost 20% coming close to Br1,900. Revenue grew by 10.2% and the industrial output expanded by 5.4%. All FEZs posted profits; their aggregate profits were estimated at Br1.1 billion.

The export of goods of resident companies reached $4 billion, which ensured a surplus in foreign trade in goods ($1.7 billion).

In January-July, 18 new companies were registered. They launched projects in logistics, food industry, furniture production, and metalworking. The total investment exceeded $132 million, and the implementation of these projects will help create more than 1,070 new jobs.

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