Economy of Belarus - - NEWS FROM FREE ECONOMIC ZONES -

In Jan­uary 2012, the FEZ Mogilev marked its 10th an­niver­sary. Over these years it has not only grown ten-fold (from 243 to 2,200 hectares), but also sig­nif­i­cantly boosted its eco­nomic ca­pac­ity. Suf­fice it to say that over 40% of all the in­dus­trial prod­ucts of the re­gional cen­ter are made in the zone.

The FEZ Mogilev has 58 com­pa­nies reg­is­tered with the to­tal de­clared in­vest­ments amount­ing to $1 bil­lion. Rep­re­sen­ta­tives of 12 coun­tries, mainly from the EU, take part in promis­ing in­vest­ment projects. For­eign di­rect in­vest­ments ac­count for 40% of the to­tal in­vest­ments. The vast ma­jor­ity of the com­pa­nies spe­cial­ize in ma­chine-en­gi­neer­ing, met­al­work­ing, wood­work­ing, chem­i­cals and tex­tile pro­duc­tion.

Cur­rently, the FEZ Mogilev has been in­vest­ing bud­get funds in the de­vel­op­ment of en­gi­neer­ing and trans­port in­fra­struc­ture, which is to be­come the foun­da­tion for the first clus­ter of wood­work­ing com­pa­nies. The clus­ter will in­clude VMG In­dus­trii, Me­be­line, Kronospan High Tech­nolo­gies, and other res­i­dents.

In Novem­ber 2012, Mogilev will play host to the Sixth In­vest­ment Forum where the FEZ Mogilev will present the high­lights of its 10 years of op­er­a­tion and new in­ter­est­ing projects for fu­ture in­vestors.

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