1000 Armenian Dram = 8.3617 BYN ||       1 Australian Dollar = 2.1351 BYN ||       1 Belarusian Ruble = 1 BYN ||       10 Brazilian Real = 6.4621 BYN ||       1 Bulgarian Lev = 1.7983 BYN ||       1 Canadian Dollar = 2.3914 BYN ||       100 Czech Koruna = 13.8466 BYN ||       10 Danish Krone = 4.7090 BYN ||       100000 Dong = 13.0957 BYN ||       1 Euro = 3.5130 BYN ||       100 Hryvnia = 8.2980 BYN ||       100 Iceland Krona = 2.3405 BYN ||       100 Indian Rupee = 3.9261 BYN ||       100000 Iranian Rial = 7.7827 BYN ||       1 Kuwaiti Dinar = 10.6355 BYN ||       10 Moldovan Leu = 1.8391 BYN ||       1 New Zealand Dollar = 1.9608 BYN ||       10 Norwegian Krone = 3.0268 BYN ||       1 Pound Sterling = 4.1033 BYN ||       100 Russian Ruble = 3.4894 BYN ||       1 SDR (Special Drawing Right) = 4.3452 BYN ||       1 Singapore Dollar = 2.4185 BYN ||       100 Som = 3.6732 BYN ||       10 Swedish Krona = 3.0506 BYN ||       1 Swiss Franc = 3.5850 BYN ||       1000 Tenge = 7.3031 BYN ||       10 Turkish Lira = 1.0137 BYN ||       10 UAE Dirham = 8.9144 BYN ||       1 US Dollar = 3.2736 BYN ||       100 Yen = 2.1373 BYN ||       10 Yuan Renminbi = 4.5085 BYN ||       10 Zloty = 8.2439 BYN ||      
https://www.infobelarus.com/en/business/fez

Free Economic Zones in Belarus

In Belarus, there are seven Free Economic Zones (FEZ) established:

  • FEZ Brest
  • FEZ Vitebsk
  • FEZ Gomel-Raton
  • FEZ Grodnoinvest
  • FEZ Minsk
  • FEZ Mogilev
  • Great Stone Industrial Park
  • High Tech Park (HTP)

The Free Economic Zones offer companies the opportunity to work in special and favorable conditions, with tax benefits, customs preferences, and other advantages. Currently, about 1,200 resident companies operate in these zones, employing over 65,000 people. The total investments in the projects exceed 1.5 billion dollars and come from more than 30 countries worldwide.

Free Economic Zones are considered efficient models of administrative and economic management, with the goal of promoting local development and attracting foreign investments and advanced technologies. Resident companies enjoy tax benefits for the first seven years after registration, including tax-free profits for five years, followed by a 50% discount, not exceeding 12%. A 50% discount on VAT is also applied, but it does not extend to the reduced rates of 10% and 0%. Goods produced within the zones can be freely exported, and there are preferential terms for land leasing and handling currency earnings.

The Great Stone Industrial Park is located in the heart of Belarus, with well-developed transport links, including the international highway Moscow-Berlin (M1 / E30) and the Minsk International Airport 1 km away. Companies from 15 countries are implementing various projects in the park, covering industries such as mechanical engineering, electronics, fine chemistry, biotechnology, new materials, logistics, pharmaceuticals, e-commerce, and more.

High Tech Park (HTP) is a Technology Park focused on IT. As of July 2023, there are 887 registered companies, 60,000 developers, 40 types of businesses, and over 100 research and development centers. In 2021 alone, foreign investments reached 600 million dollars, with a production value of 9 billion dollars.