Posted: 15.09.2022 12:39:00

Large import substitution projects planned for Minsk

A number of import substitution projects will be implemented in Minsk in the near future – as announced by the Deputy Chairperson of the Minsk City Executive Committee, Nadezhda Lazarevich

“In the coming 2-3 years, the Kommunarka enterprise will create an innovative import-substituting production facility of a full cycle for processing cocoa beans using digital quality control systems,” the official informed. She added that Minsk’s Keramin plans to implement a project dealing with a launch of innovative production of large-sized washbasins. “In turn, Belmetall intends to start production of general-purpose welding wire and construction fibre,” Ms. Lazarevich said.

The Deputy Chairperson of the Minsk City Executive Committee added that innovation is a priority direction in the development of Minsk’s economy. At the moment, there are 27 universities and 260 R&D organisations in the Belarusian capital, and the city is truly attractive in terms of investment.

“In 2021, $4.9bn in equivalent was attracted to Minsk’s economy on a direct basis.   Businesses from more than 70 countries are investing in the city’s development,” Ms. Lazarevich noted.