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For The 1st Time! Belarus’ HTP Exports Hit Record $1bn In 2017

The exports of Belarus’ Hi-Tech Park (HTP) resident companies hit a record high $1 billion mark in 2017.

Sky is the limit!

Last year, the park’s resident companies exported software development services worth over $1 billion.

It is more than 80% of the total volume of exports of the IT companies registered in Belarus.

“We have crossed the psychological high. In 2016 the export totaled $820 million.

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In 2017 it rose by 25% to exceed $1 billion for the first time in the HTP’s history.

Vsevolod Yanchevsky graduated from the Law faculty of the BSU in 1998. Photo: BelTA

At the same time the output also surpassed $1 billion having increased by 20% last year,” HTP Director Vsevolod Yanchevsky said.

The news was made public by the head of the Park at a “Digital Economy: New Development Prospects” seminar on 14 February.

Who buys HTP services?

The USA is the major consumer of IT technologies, it imports 45% of the goods and HTP services.

The second largest importer is the EU: Germany, the UK, Ireland, and Switzerland.

Other achievements

In 2017, the HTP created 5,160 new jobs (up 1.6 times from 2016 ) and employed 32,600 specialists.

New IT solutions for domestic enterprises were developed by the HTP resident companies.

The total tune of which amounted to BYN 172.6 million – up 4% from 2016.

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Recall that in December 2017, Belarus President Alexander Lukashenko signed a decree on the development of the digital economy.

The document has created special conditions for the national IT sector, foreign qualified IT professionals and business.

Sources: TUT.BY, park,by