High-Tech Park Is Registered as Legal Entity

THE MINSK TIMES

Friday, March 24, 2006

Valery Tsepkalo, director of the High-Tech Park administration, informed that a range of domestic and foreign enterprises and companies have shown interest in taking up residency in Belarus’ ‘silicon valley’. At present, the Government is considering applications. Interested parties can browse their site at www.park.by.

Mr. Tsepkalo underlines that, in addition to IT and telecommunication firms, traditional enterprises are also welcome within the Park if they are willing to embrace innovative schemes. He hopes that the Park will create a favorable environment for developing the latest technology and will help the country’s national economy towards an innovative future — one of the basic aims of Belarus’ socio-economic development plan for 2006-2010. Moreover, the Park is to provide legitimate opportunities for young talented programmers.

“The Park will offer exciting options for young people, far more beneficial than sitting at home alone with their computers,” Mr. Tsepkalo declares. The lower rent being offered to small companies aims to particularly attract such programmers. He concludes that intellectual, artistic and professional development is one of Belarus’ priorities.