17 December 2001
Free Economic Zone "Brest" expanded
The Council of Ministers' directive added to the FEZ the territory of the Brest Electromechanical, Electronic, Electric Lamp, and Machine-Building Factories and the electronic factory Tsvetotron.
Valery Rainchik, the FEZ deputy chief manager, told BelaPAN that the above-mentioned enterprises are not entitled to tax breaks as other enterprises of the FEZ. The directive allows companies that invest in businesses in the FEZ to occupy vacant premises at these enterprises.
He stressed that the directive is essential for the FEZ, because the zone's management has no funds to build infrastructure in the area near the Brest airport, which is also part of the FEZ.
In late November, Russia's BELS intends to begin constructing a furniture factory near the airport. Five more companies have reserved an area in the vicinity. The FEZ currently has 93 resident companies, which pledged $136 million in investment.
http://brestonline.com/en/news/news132.html