Business news

MINSK, 23 February (BelTA) - Belarus would like to give momentum to the China-Belarus industrial park project, Belarusian Prime Minister Andrei Kobyakov said as he met with Chinese Ambassador to Belarus Cui Qiming, BelTA has learned.

It was noted that the China-Belarus industrial park is a landmark project for bilateral cooperation. Therefore, the Belarusian side is interested in its acceleration, especially in terms of creating the internal infrastructure and attracting residents of the park.

The government has already taken a number of decisions on the financing of the project (construction of external communications).

The parties also discussed the implementation of the joint project to produce the Chinese-Belarusian car Geely. This project is entering a crucial phase, and therefore, is particularly important for both governments. The Belarusian side decided to invest some part of the soft loans provided by China in this project. It was noted that the support from the Chinese government would also be very important.

The China-Belarus industrial park is a territorial entity with a special legal status ensuring comfortable conditions for business. The foundation stone ceremony took place on 19 June 2014. The concept of the park provides for convenient infrastructure for business, significant tax reliefs for the project participants for quite a long period, the provision of integrated services to the residents of the park. The priority lines of business include fine chemicals, biomedicine, electronics, and engineering

The park is located in Smolevichi District, 25km away from Minsk, in close proximity to the international airport, railway lines, transnational highway Berlin-Moscow. The park will include production premises and living areas, offices and shopping malls, financial, and research centers.