Business news

FEZ Brest residents export products to 55 countries worldwide

BREST DISTRICT, 5 November (BelTA) – Residents of the  Free Economic Zone (FEZ) Brest ship their products to 55 countries around the world, Head of the  FEZ Brest administration Vadim Kravchuk told BelTA.

The FEZ Brest is home to 75 resident companies, which have created more than 22,000 jobs. They produce a wide range of goods supplied to both the Belarusian and foreign markets. “We ship products to 55 countries worldwide. Recently, we have opened such markets as Bahrain, Jordan, Israel, and the UAE. Today we are working very actively with African countries, seeking out our consumers there,” Vadim Kravchuk said.

On 5 November, a plant to produce extruded aluminum profiles was inaugurated in Brest District within the FEZ. “The main consumers of this product will be companies that manufacture electrical equipment, household appliances, and machinery. The plant's management has already established contacts [with such companies]," the administration head noted. "We have provided a land plot, connected the necessary utilities, and built access roads. All conditions have been created for our resident company to implement its investment project and fulfill every aspect of its business plan."

According to Vadim Kravchuk, the FEZ Brest has enought plots with utilities to organize production activities. “There are preferences regarding customs duties and tax payments, and we are ready to provide support with credit agreements. Currently, nine businesses are carrying out construction projects. For example, a metal rolling plant is scheduled to open right next door, and a production line for plastic products is also being built,” he stressed.

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