Business news

MINSK, 4 May (BelTA) – The year 2017 should become a breakthrough year for the China-Belarus industrial park Great Stone, Alexander Yaroshenko, Head of the Administration of the industrial park Great Stone, told reporters on 4 May, BelTA has learned.

Alexander Yaroshenko said that the Great Stone park management hope that the current year will be a breakthrough year for the park in terms of investor attraction. The park will be developing using the 20-10-5 formula where 20 is the number of new registered companies. “Our goal is to register at least 20 residents by the end of 2017,” Alexander Yaroshenko said. Ten residents will start building their production facilities. Five facilities are scheduled for completion and commissioning in 2017.

As of today, the industrial park Great Stone has nine residents. Alexander Yaroshenko noted that the ninth resident got registered the other day. That was a subsidiary company of Austria’s Kronospan Group that plans to invest some €27 million in its project in the industrial park.

Alexander Yaroshenko emphasized that Great Stone is considered one of China’s largest projects abroad. Chinese companies make considerable investments in it and provide significant technical and economic assistance. For instance, they helped build a 110 kV electric power plant and reconstruct the bed of the Usha River. Alexander Yaroshenko pointed out that the China-Belarus park positions itself as an industrial and environmental project meeting high standards.