Success is in development

Under the current difficult conditions, free economic zones (FEZs) continue to be an effective tool for accelerated development of Belarusian regions and effectively address pressing issues of the Belarusian economy. Not to let the efficiency of activities decrease - this is the task that each FEZ faces now. After all, it is in the preferential zones that the investment, innovation, production and export potential of the country gets a concentrated expression in the form of promising business projects, which, in turn, contribute to sustainable and dynamic development of the Belarusian state. Depending on the FEZ residents will generate up to 80 per cent of investments, up to 54 per cent of export of goods and up to 37 per cent of industrial output of Belarusian regions. In addition, 22 new residents with projects in woodworking, chemical industry, logistics, agriculture and metal processing were registered in 2022. The influx of residents is facilitated by the continuous work of the FEZ administrations to find new investors. This study discusses how free economic zones in Belarus effectively solve key problems of the national economy.