Annual Incomes in "Veliky Kamen" and Belarusian Free Economic Zones
Get the Lowdown on Wages in Belarus' Industrial Park and Free Economic Zones
Let's take a gander at the average earnings in Belarus' industrial powerhouse, the Great Stone industrial park, and the buzzing Free Economic Zones (FEZ).
As revealed by Belstat, the Great Stone industrial park clocked an average nominal accrued wage of 3626.9 rubles in Q1 2025, marking a bump from 3370.2 rubles in Q1 2024. The park played host to a whopping 3550 employees at the quarter’s end, a notable climb from 2982 in Q1 2024.
By Q1 2025, the number of registered park residents stood at a robust 146, a jump of 15 compared to the same time in 2024.
Over in the FEZs, the average nominal accrued wage touched 2591.7 rubles in Q1 2025, a 15.7% salty leap from Q1 2024.
Money Matters
Let's dive into the financial services landscape: consumer loans, auto loans, business loans, mortgages, deposits, loans, RKO products, credit cards, debit cards, new car leasing services, used car leasing services, and business car leasing services.
The Minsk FEZ earned the highest wage of 3365.2 rubles, while the Mogilev FEZ brought up the rear at 2262.9 rubles. Across all FEZs, a robust average monthly workforce of 136,726 was accounted for, with the Gomel-Raton FEZ boasting a sizeable 29,689 employees.
Who's Earning What?
In the grand scheme of things, the wage landscape in these economic hotspots remains somewhat of a mystery. But we've got the skinny on what's available!
Here's the Scoop:
- Great Stone Industrial Park: An economic powerhouse, this development zone is a favorite among foreign investors, thanks to its attractive strategies and strategic location. It proudly hit a milestone by welcoming its 150th resident company[2].
- Free Economic Zones (FEZs): Belarus is sprinkled with FEZs that offer a range of attractive business conditions, such as tax incentives and simplified customs procedures to entice foreign investment and bolster economic growth.
Given the current information, growth trends in employment as well as wage differences within the parks and across zones are still a little hazy. However, with wages in FEZs generally higher than the rest of the country due to specialized jobs and international companies, it's a safe bet that the competition for opportunities might be fierce!
For unparalleled clarity on wages and employment in the Great Stone Industrial Park and other FEZs during Q1 2025, it's best to refer to official Belarusian government sources or region-specific economic reports.
In the industrial powerhouse, the Great Stone industrial park, despite a significant increase in average earnings, business loans, mortgages, and other financial services may still present opportunities for foreign investors due to the park's attractive strategies and strategic location. Across the Free Economic Zones (FEZs), specialized jobs and international companies might contribute to higher average wages, potentially leading to increased competition for these opportunities.
