Business news

GRODNO, 30 August (BelTA) – Residents of Grodnoinvest Free Economic Zone increased exports by 57% in the first half of 2018, BelTA learned from the FEZ administration.

The export statistics in the first six months of 2018 confirmed the upward trend for FEZ Grodnoinvest supplies abroad. In addition, the geography of supplies expanded to 69 countries.

“FEZ Grodnoinvest's key markets are Russia, which accounts for 63% of the exports, Poland (14.7%) and Ukraine (9.9%). The role of long-distance countries is increasing as well. Their share has increased by 1,6% to 3.4% in the total volume of supplies,” representatives of the FEZ administration said. Since the start of the year, FEZ residents have opened 16 new export destinations, including Australia, Thailand, Jordan, and Kenya. At the same time, deliveries on traditional routes have substantially increased. For example, exports to Turkey soared 83 times, to Colombia - 14 times, and to India - 6.9 times. Deliveries to the European Union increased by 43% from the same period last year, to the CIS countries - by 57%.

The production output in FEZ Grodnoinvest expanded significantly in H1 2018. In January-June 2018 companies of the free economic zone produced Br1.15 billion worth of products, up 55% from the same period a year before.