Overview

In 2023, Belarus' free economic zones (FEZs) confidently confirmed the status of key investment attraction centers, which provide not only unique conditions for the functioning of resident enterprises, but also effective development of regions, and form one fifth of the main national indicators - investment, exports, and production. As of January 1, 2024, 425 organizations were registered as residents of these zones. At the same time, last year 30 new companies came to the FEZ, which plan to implement projects in logistics, food industry, furniture production, electrical equipment, metalworking and which will create more than 1,300 jobs. In addition, in 2023, the procedure for registration of business entities as FEZ residents was simplified. The administrations of these entities were authorized to develop detailed plans for the development of the territories. Seven large engineering and transportation infrastructure facilities were also built. In 2024, FEZs of Belarus will show a lot of new projects to create innovative production and increase the export potential of the whole country. How they will be realized is discussed in this paper.

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