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 ofthe country.Gomel regionis locatedin the south-east of Belarus. It shares borders withthe Bryanskregion of Russia, as well as Kiev, Chernigov, Zhytomyr and Rovno regionsof Ukraine.
The Gomel region includes 21 districts, 18 cities, 17 urban-type settlements, 2,292 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 inthe transport chainfrom Europe toRussiamakes ourregion attractivefor implementation of anyinvestmentprojects focused onforeign markets.Internationalintegration processesonly strengthenthis advantage.
Development ofthe Eurasian EconomicUnion createsa hugebarrier-freemarketcapacity of more than180 million consumers.In addition, theGomel regionis an importantelement of thetransport route, which linksmajor portregions -the Balticand the Black Sea.
Through theGomel regionpassimportanttransport 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.Lengthofpublicroadsisover 12thousandkilometers.


2. Economic achievements

Over the past eight years in the Gomel region provided growth of gross regional product by 7.6%, per 1 inhabitant, the size of the gross regional product increased by more than six times and amounted to 6.9 ths. rubles in 2016.
Among the regions of the Republic of Belarus, the Gomel region takes leading positions in many indicators of social and economic development.
compared to 2010.


3. Developed industry

The regionis the largesthighly developed industrial regionsof the country.For2016industrial productsproduced amounting to15,35mlrd.rubles, or7,7mlrd.USD, that makes about 20% of volume of industrial production of the republic. It employs more than 230 large and medium-sized enterprises, employing about 125ths.people or 21% of the employed in the economy.
In 2016, industrial companies of the region shipped innovative products
in the amount of 2.9 mlrd.rubles or 21.8% of the total volume of shipped products, which is almost 2 times higher than in 2015.
The maintypes of economic activityare theproduction of petroleum, metallurgical industry, machinery and equipment, miningof energyminerals, chemical industry, processing industry and others.
In the regioncarried the wholeproductionof Belarusian oiland gas, manufacturing of window glass, allforage harvestersand about 90%of combine harvesters, more than 90% of steel, more than 40%of paper and cardboard, about half of gasolineand 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 “8March”
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 economyis export-oriented. About 60% ofallproduceissuppliedtomarketsinthenearandfarabroad.
The maintrade partner ofthe regionremainsthe Russian Federation,which accounts formore than 50% of foreign trade.
According to the results of2016,the volume offoreign trade turnoveramounted to 6,1mlrd.USD, includingexport–2,9mlrd.USD,imports–3,2mlrd.USD.
Traditionally key positions of exportsareferrous metalsand their products, oil and products of its processing, machines and mechanisms, chemical products, and products of meat anddairy industry.
Organizationof the Gomel regioncooperate withtrade partnersfrommore than 100countries around the world. The mostactively developingtrade withRussia, Germany, Ukraine, Poland, Italy, France, the Baltic countries, China.
In 2016, the share of the countries of the Eurasian Economic Union accounted for 42.8%, the countries of the European Union – 39.6%, the rest of the countries – 17.6% (16.6%) 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 productionper 1 inhabitant, in recent yearstakes leading positions inthe country, and by the end of 2016 amounted to 10.8 thousand rubles at the average republican level of 8.4 thousand rubles


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

More than one and a half thousand people with academic degrees of doctor and candidate of sciences work in 44 scientific, educational and design institutions. 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.
On the territory of the region there are 635 institutions of secondary, secondary specialized and vocational education, in which almost 180,000 people study.
The work of alleducational institutionsof Gomel regionallows to let outannuallymore than 20thousand workers andspecialists at all levelsforthe region’s economy.
More than 55% of inhabits of the region havehigher, secondaryandtechnical education.


7. High potential for innovation activity

In our region,created one of the first in the country Science and Technology Park.Itsresidentsaresmallbusinessesthatareengagedinthedevelopmentofadvancedtechnologiesforallsectorsoftheeconomy.
For themare created aslegalpreferencesof doing business,such asreducedto 10% of income tax rateandexemption fromlocal taxes, as well as goodorganizational and technicalconditions of economic activity- comfortableoffice space, assistance in business planning, advertising services, information support.
Today inGomelTechnoparkimplementedinnovativeprojects to developspecial software, automation of production processes, development of informationtechnology of resources and energy saving.
Regionalbranch of the BelarusianScientific and Industrial Association, the Belarusian Society ofInventors and Innovators, a regional department ofthe NationalTechnology Transfer Center,Center forscientific, technical andbusiness informationand businessinnovation center are in Gomel.
The greatestemphasis is onapplied researchand experimental development.


8. The best conditions for business

To create aproductiveand comfortablebusiness environmentin our regionthere are a numberof organizationsthat has an aim to promote and supportinvestment, production, foreign trade, marketingandbusinessenterprises. Great trustandpopularity amongbusiness entitiesarebusiness servicesof the Gomelbranch of the BelarusianChamber of Commerce, Centerfor Standardization and Certification, Gomel branches of the NationalCentrefor Marketing and Price, the insurance company”Beleximgarant” Belarusian UniversalCommodity Exchange, as well as Support Centres of Entrepreneurship.These institutionsof business infrastructurein the Gomelregion are readyto provide any supportfor the successful implementationof investment projects andprovideprofessional assistancein all areas ofeconomic activity.
In addition, theFree Economic Zone”Gomel-Raton” works in the Gomel region, that locates not only on the territory of Gomel, and also in 11 regions of Gomel region. The area ofabout 7ths.ha.


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

Unusedready to useindustrial premisesarein the Gomel region. Manymanufacturing facilitiesare equipped withventilation,sewage, heating, water, electricity and provided withaccess roads andrailway lines.
In addition tothe acquisition ofreal estateat auction,real estateinvestor can getfor free use, and evenfor free inproperty.
Anumberofpropertiescanbepurchasedforonebaseunit, whichisnowlessthan12 USD.
In addition, investorsare able to acquirenot onlyproperties, but also anyblocks of sharesof joint stock companies, which may be soldat auctionor bytender. Over the pastfive yearsin the Gomel regionsold sharestotaling more than34 millionUSD.
Currentlyin the Gomelregion, there aremore than 200companies whose sharescan be soldto potential investors.


10. We are trusted by foreign investors

In 2016 thecapitalfrom 40 countriesworked in theGomel region.The volume of foreigninvestment in theregionover the pastfour years is about 6mlrd. USD, which allows our regionto become leaders.
Share offoreign investmentsin the total amountreceived by theregion for2016.