Nine new companies join Minsk Free Economic Zone

Nine new companies have been registered at Minsk’s Free Economic Zone (FEZ) since the beginning of this year, Belarusian state news agency Belta has reported.

According to the Belarusian media, the new resident companies include Novy Sverzhen, a woodworking and logging firm, operating at an industrial site in the Stolbtsy district. The company announced that it intended to export more than 70 per cent of its products to EU member states.

Another new company is SV Plant, which produces components for transport systems.

FEZ Minsk is a leading industrial site, specialising in metalworking, mechanical engineering, woodworking, petrochemical engineering and civil engineering. The zone, which now includes 110 resident companies, has so far raised more than two billion US dollars in investments.