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BREAKING: Lukashenko Dismisses Belarus High-Tech Park Head And Founder Valery Tsepkala

hi-tech park belarus directorValery Tsepkala was dismissed from the post of Director of the Hi-Tech Park Administration.

The relevant order was signed by Belarus President Alexander Lukashenko on Thursday, 2 March, TUT.BY reports with a reference to the presidential press service.

Valery Tsepkala worked in the Belarusian Foreign Ministry as adviser on foreign policy issues and deputy foreign minister tn the early 90s. In 1997-2002 he was the ambassador of Belarus to the United States, then president’s aid on science and technology. Upon returning to Belarus, Tsepkala convinced the head of state that it is necessary to create a hi-tech park in Belarus similar to the Silicon Valley in the USA.

The High-Tech Park Belarus was established in 2005 by the special law. Its main goal was the support of the software industry in the country. HTP Belarus provides special business environment for IT business with incentives unprecedented for European countries.

In 2016, the volume of export and foreign investment in the High-Tech Park Belarus increased by 16%.  The production of computer software reached $904.4 million, providing an annual growth rate of 19% with due account of the deflator and USD exchange rate changes.

High-Tech Park Belarus currently has 165 resident companies and employs over 27,000 people.

Despite the dynamic development of the Belarusian IT industry, not all the tasks set during the creation of the HTP were fulfilled. This fact has caused many discussions among experts and market participants recently.