Minsk is the capital city of Belarus and its major industrial centre. The city is home to 1.8 million people and generates 20% of national GDP.
A number of Belarus’ largest enterprises are based in the city including global tractor producers, Minsk Tractor Works (MTZ), white goods manufacturers Atlant and truck makers MAZ, as well as many foreign businesses including Coca-Cola, Bosch and Deloitte.
Minsk has a well developed R&D sector and is home to the High Technologies Park, which offers investors attractive tax incentives. There are major plans to redevelop the city, including the US $7 billion Minsk City development that will provide new commercial and residential real estate, including a new international business centre.
Established in 1998, the Minsk Free Economic Zone has attracted 70 businesses, with 55 foreign investors, including firms from the UK and the USA. It specialises in light industry, manufacturing and advanced engineering.
It is split over two sites and covers a significant proportion of Minsk and its outlying area, including parts of the international airport.
Minsk has attracted a quarter of all FEZ members in Belarus, including the largest privately-owned printing business in the country, metal-pressing specialists, and a cable company which makes fibre-optic wires for telecommunications. The FEZ is keen to attract investment for high-tech export oriented industries, modern construction and technology firms.
The Zone has several projects which it is promoting to attract foreign investment. These include a major transport servicing complex on the E30 European highway (which links Moscow and Paris) and a logistics centre at the International Airport, which will include a business hub and hotel.
There are also plans for a large sports and entertainment complex covering 75 hectares, to the south east of Minsk which will include an amusement park, technology, ecology and tourism centres.