|
Free Economic Zone
"Grodnoinvest"
The FEZ Grodnoinvest consists
of three isolated land plots with the total area of 377 hectares and is
situated on transportation motor and railway routes which connect Western
and Central Europe and Scandinavian countries with regions of the Baltic
states, Russia, Ukraine, Moldova. The FEZ Grodnoinvest is located near
international border passageways into the Republic of Poland and the
Lithuanian Republic.
The FEZ Grodnoinvest is an
integrated zone which comprises export-oriented production and free customs
zones. The specially established tax and customs regimes for FEZ residents
reduce aggregate tax and customs duty burden by more than 40%.
As of the beginning of 2004,
19 residents were registered in the FEZ Grodnoinvest, including 16 with
foreign capital. Of those, 6 residents completed the equipment setup stage
and started operations and manufacturing. The total cost of implemented
projects (declared investments) amounts to some US$ 20 million. In 2003, 2.2
million were attracted, including 1.7 million in foreign investments.
Currently, 485 people are employed at resident enterprises. About 300 new
jobs were created. The foreign trade turnover in 2003 exceeded US$ 14
million, including exports of US$ 7.5 million, and imports of US$ 6.6
million. More than 90% of manufactured products are exported
The most attractive
industries for residents of the FEZ Grodnoinvest include the production of
construction materials, machine-building and metal-working, food, consumer
goods, chemical and petrochemical, wood working industries and
transportation (services to repair heavy-duty vehicles). Investments into
the FEZ are coming from Poland, Israel, USA, Lithuania, Sweden, Russia,
Denmark. The FEZ Grodnoinvest is also attractive for Belorussian investors.
Availability of a diversified
production infrastructure, required transportation and engineering support
capabilities, developed communications and land plots suitable for new
construction in prospective industrial development areas, trained and
relatively inexpensive labor force – all these advantages make the FEZ
Grodnoinvest attractive for potential investors.
Address: 2/1, Dzerzhinskogo
street, Grodno, 230023
Head of administration -
Sergei Valentinovich Tkachenko
Tel.: (375 152) 771 128, 771
176, 770 652
Fax: (375 152) 771 176
invest@mail.grodno.by
www.invest.grodno.by
|
