How Russian companies are settling in the Belarusian KXan technopark 36 Daily News

The plant of the Belgorod company “Belagrogen”, which produces veterinary drugs, will soon begin to operate on the territory of the park. Now, there is a creation of industrial zones. Russian projects in the field of mechanical engineering are already underway. The head of the park administration expects the number of resident Russian companies to increase.Industrial park “Great Stone” began to be built in Belarus in 2012. Attracting residents with favorable conditions. For example, companies are exempt from income tax for 10 years and then only pay half the rate. They don’t pay property tax.
Substantially lower contributions to the Social Welfare Fund. The payment amount is 35% of the employee’s salary. Employees of companies operating in the park receive an average salary of around one thousand dollars per month. But the payment to the Fund for resident enterprises of the park is calculated from the average salary in the country, and it is much lower and amounts to about 615 dollars, explains Yaroshenko.Today, the park produces engines for the transportation of goods and passengers, gearboxes, heating equipment. The park management plans to increase the number of residents and expand their activities.