10 reasons to invest in the Gomel region

1. Strategic position

Gomel regionis the largestin the Republicof Belarus.The area ofits territory-almost forty-five hundred square kilometers, accounting for one-fifth of the country.Gomel regionis locatedin the south-east of Belarus. It shares borders with the Bryansk region of Russia, as well as Kiev, Chernigov, Zhytomyr and Rovno regions of Ukraine.
The Gomel region includes 1 city of regional subordination, 17 towns of regional significance, 15 urban-type settlements, 21 districts, 242 rural councils, and 2 267 rural settlements.
An important aspect of the geographical potential of the region is the existing natural resource base. The main minerals of the Gomel region are oil, gas, rock salt, peat, coal, brown coal, clays for the production of bricks and tiles, potassium salts, chalk, building stone, glass and molding sand.
A prime location in the transport chainfrom Europe toRussia makes our region attractive for implementation of any investment projects focused on foreign markets. International integration processes only streng then this advantage.
Development of the Eurasian Economic Union creates a hugebarrier-free market capacity of more than180 million consumers. In addition, the Gomel region is an important element of the transport route, which links major port regions – the Baltic and the Black Sea.
Through the Gomel region pass important transport routes. Gomel is located at the intersection of the Odessa-Kiev-St. Petersburg and Bryansk-Brest railways. The major railway junctions are also Zhlobin and Kalinkovichy.
A significant place in the all cargo and passenger turnover is occupied by road transport. Through the region there are highways: Odessa – Kiev- St. Petersburg, Bakhmach- Vilnius, Bryansk -Brest. Length of public roads is about 15 thousand kilometers.


2. Economic achievements

In recent years, the gross regional product per capita has been growing in the Gomel region. In 2018, the gross regional product per capita amounted to 8.6 thousand rubles (4.2 thousand US dollars).
Among the regions of the Republic of Belarus, the Gomel region takes leading positions in many indicators of social and economic development.


3. Developed industry

The regionis the largest highly developed industrial regions of the country. For 2018 industrial productsproduced amounting to 22,7 mlrd.rubles, or 11,1 mlrd.USD, that makes about 20% of volume of industrial production of the republic. It employs more than 220 large and medium-sized enterprises, employing about 130 ths.people or more than 20% of the employed in the economy.
In 2018, industrial companies of the region shipped innovative products
in the amount of 7,5 mlrd.rubles (3,7 mlrd.USD) or 38,1 % of the total volume of shipped products.
The main types of economic activity are the production of petroleum, metallurgical industry, machinery and equipment, mining of energy minerals, chemical industry, processing industry and others.
In the region carried the whole production of Belarusian oil and gas, manufacturing of window glass, all forage harvesters and about 90% of combine harvesters, more than 90% of steel, more than 40%of paper and cardboard, about half of gasoline and diesel fuel.

Key regional enterprises
Oil refining and chemical lindustry:
JSC “Mozyr Oil Refinery”
RUE “Belorusneft”
JSC “SvetlogorskHimvolokno”
JSC “Gomel Chemical Plant”
Metallurgical industry, machinery and equipment production:
JSC “Gomselmash”
JSC”Byelorussian Steel Works-Holding management company” Belarusian Metallurgical Company”
JSC “Rechitsa metizny plant”
Woodworking and pulpand paper industry:
JSC “Svetlogorsk Pulp and Paper Plant”
JSC “Gomeldrev”
JSC “Rechitsadrev”
Building materials industry:
JSC “Gomelsteklo”
JSC “Gomelstroimaterialy”
Textile and garment industry:
JSC “Comintern”
JSC “8 March”
Food industry:
JSC “Spartak”
JSC “Gomel Fat Factory’
JSC “Mozyrsalt”
JSC “Gomel Alcoholic Beverages Factory «Radamir»
JSC “Rogachev DairyPlant”
JSC “Milkavita”
JSC “Gomel Meat Processing Plant”
OJSC “Zhlobin Meat Processing Plant”
JSC “Kalinkovichi Meat Processing Plant”


4. Export orientation

Gomel economy is export-oriented. About 67% of all produce is supplied to markets in the near and far abroad.
According to the results of 2018, the volume of foreign trade turnover amounted to 9,76 mlrd.USD, including export – 4,13 mlrd.USD, imports – 5,63 mlrd.USD.
Traditionally key positions of export sareferrous metals and their products, oil and products of its processing, machines and mechanisms, chemical products, and products of meat anddairy industry.
Organization of the Gomel region cooperate witht rade partners from more than 100 countries around the world. The most actively developing trade with Russia, Germany, Ukraine, Poland, Italy, the Baltic countries, China.
In 2018, the share of the countries of the Eurasian Economic Union accounted for 44%, the countries of the European Union – 32%, the rest of the countries – 24% of the total exports of the region.


5. Gomel region- the leader on the level of labor productivity

The level of labor productivityin the Gomel region, expressed in volume of industrial production per 1 inhabitant, in recent years takes leading positions in the country, and by the end of 2018 amounted to 16,1 thousand rubles (7,9 thousand US dollars) at the average republican level of 11,7 thousand rubles (5,7 thousand US dollars).ths.rub.


6. A high percentage of the labor force with higher, secondary and vocational education

More than two thousand people are engaged in research and development. Programs and projects of international, republican and provincial level are carried out by 8 academic institutions, including 5 academic institutes, 6 higher educational institutions, 2 branches of central universities, over 20 branch scientific and design institutes, special design and engineering bureaus, Gomel Technopark.
More than 600 institutions of secondary, secondary specialized and vocational education are located in the region, in which almost 180,000 people study.
The work of all educational institutions of Gomel region allows to let out annually more than 20 thousand workers and specialists at all levels for the region’s economy.
More than 55% of inhabits of the region have higher, secondary and technical education.


7. High potential for innovation activity

In our region, created one of the first in the country Science and Technology Park. Its resident sare small businesses that are engaged in the developmen to advanced technologies for all sectors of the economy.
For the mare created as legal preferencesof doing business, such as a zero of income tax rate and exemption from local taxes, as well as good organizational and technical conditions of economic activity – comfortable office space, assistance in business planning, advertising services, information support.
Today in Gomel Technopark implemented innovative projects to develop special software, automation of production processes, development of information technology of resources and energy saving.
Regional branch of the Belarusian Scientific and Industrial Association, the Belarusian Society of Inventors and Innovators, a regional department of the National Technology Transfer Center, Center for scientific, technical and business information and business innovation center are in Gomel.
The greatest emphasis is on applied research and experimental development.
The cost structure for research and development.


8. The best conditions for business

To create a productive and comfortable business environment in our region there are a number of organizations that has an aim to promote and support investment, production, foreign trade, marketing and business enterprises. Great trust and popularity among business entities are business services of the Gomel branch of the Belarusian Chamber of Commerce, Center for Standardization and Certification, Gomel branches of the National Centre for Marketing and Price, the insurance company “Beleximgarant”, Belarusian Universal Commodity Exchange, as well as Support Centres of Entrepreneurship.These institutions of business infrastructurein the Gomel region are ready to provide any support for the successful implementation of investment projects and provide professional assistance in all areas of economic activity.
In addition, the Free Economic Zone “Gomel-Raton” works in the Gomel region, that locates not only on the territory of Gomel, and also in 12 regions of Gomel region. The area of about 4 ths.ha.


9. A wide choice of properties and the possibility of redemption of shares of companies

Unused ready to use industrial prem isesare in the Gomel region. Many manufacturing facilities are equipped with ventilation, sewage, heating, water, electricity and provided with access roads and railway lines.
In addition to the acquisition of real estateat auction, real estate investor can get for free use, and even for free inproperty.
A number of properties can be purchased for one base unit, which is now less than12 USD.
In addition, investors are able to acquire not only properties, but also any blocks of shares of joint stock companies, which may be soldat auction or bytender.
Currently in the Gomel region, there are more than 200 companies whose shares can be sold to potential investors.


10. We are trusted by foreign investors

In 2018 the capital from 40 countries worked in the Gomel region.The volume of foreign investment in the region over the past eight years is about 7,6 mlrd. USD, which allows our region to become leaders.
Share of foreign investments in the total amount received by the region for 2018.