Over $1,000,000 to be invested in China-Belarus industrial park «Great Stone»

Over ¥127.17 million will be spent on building a rental residential complex in the China-Belarus industrial park Great Stone.

Without compensation!
The Belarusian and Chinese governmenst signed an agreement on building a rental residential complex in the industrial park in Minsk on Tuesday, 15 May.

Gratuitous aid to the tune of ¥127.17 million (~$1,148,562) will be allocated for building a complex.

The aid will be channeled into building the social infrastructure for the full-value operation of the park.

It will be used to design the rental residential complex, prepare the construction site, build the infrastructure and ensure construction oversight.

The agreement is part of the work to fulfill further support the development of the industrial park with the technical economic aid from the Chinese government.

Initially, the idea to create a joint Belarusian-Chinese industrial park was first voiced in 2012.

It is located 25km away from Minsk between the National Airport Minsk, railway line and Berlin-Moscow highway.

The authorities offer investors tax privileges for 10 years, as well as “broad possibilities of the duty-free market of the countries of the Eurasian Economic Union and a window to Europe”.

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Registration for Minsk Half Marathon 2018 open

Held for the fourth time Minsk Half Marathon is expected to gather about 35,000 runners of all ages and nationalities.

Want to enjoy the charm of wide Minsk avenues, historical sights and modern buildings?

Register via the official website of Minsk Half Marathon and be a part of something big and beautiful.

Routes

The race will begin on 9 September near the Sports Palace. The 5.5km and 10km race will start at 12am.

Those who are ready to take the challenge of running the whole half-marathon distance will start at 9am.

Mind that the route that passes through the very center of the city has been updated.

What’s the price?

Register for a distance of 5,5km before June 30 and the fee will be 9BYN (~$4.44).

In the last days before the registration fee for the race will be 65BYN (~$32,08) for 21km distance.

Schoolchildren, students, seniors, people with disabilities, the Chernobyl clean-up workers and war veterans are allowed to run 5.5km race for free.

What’s the prize?

The Minsk Half Marathon prize pool has been increased to $50,000.

“The bulk of the prize money will be shared among the best in the 21.1km half marathons for men and women,” Vadim Devyatovsky noted.

Minsk Half Marathon is an IAAF Bronze Label Road Race and has been recognized as a 5-star quality road race by the European Athletics Association.

 

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Treasure trove with gold coins and jewelry found in Grodno Centre

Construction workers unearthed stunning artifacts while breaking down a wall plate of an old building at 2nd Trudovaya Street.

Vladimir Strakhovich who spotted a box but did not pay attention to it first, described the moment when he realised he found the largest treasure in Grodno recently.

“It was small and unattractive. But when I shook it, something jingled inside. When I opened the box, I was very surprised,” he said.

Shortly afterwards police officers and museum specialists arrived on the site to explore the remarkable treasure.

The box contained about 30 gold coins dating back to the 18th-19th centuries, over 10 pieces of jewelry, and documents of the early 20th century.

Specialists are still acessing the value of the hoard. “The building constructed in 1894 was bought at an auction two years ago.

It took two years to prepare the project documentation. This year we have obtained the construction permission.

There are plans to build a healthcare center here in the future,” the building owner Olez Razin said.

The building is situated in the historic center of Grodno. Wealthy and well-known people lived in this area in the past. Presumably, the trove belonged to a Jewish family.

“When starting on the works, we joked that maybe we would have luck and find a treasure. But we did not think about it seriously,” Oleg Razin added.

If the treasure is valuable, the 25% that will be given to those who found the treasure or will be invested in the development of the healthcare center.

 

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From Belarus with Bitcoin!

Are you ready to turn your house or garage into a mining farm with noisy, energy-hungry equipment? If no, feel free to come to Lida, where you can mine some crypto at a special hotel.

Gradually turning into an international tech haven!

An employee checks power supply units and cooling fans used in cryptocurrency mining machine systems at the SberBit mining 'hotel' in Moscow, Russia, on Saturday, Dec. 9, 2017. Futures on the world’s most popular cryptocurrency surged as much as 26 percent in their debut session on Cboe Global Markets Inc.'s exchange, triggering two temporary trading halts designed to calm the market. Photographer: Andrey Rudakov/Bloomberg##########stcoinfarm##########

The hotel provides areas for hardware systems for mining crypto-currencies.

The site is specifically designed for the mining farms that belong both to physical and legal entities.

One can rent any number of farm-places, install any equipment necessary for mining based on an available budget.

For its part, the company guarantees smooth operation of the equipment, prompt technical support and video surveillance 24/7 .

The hotel is also equipped with specific humidity and cooling systems.

It also offers equipment insurance against theft, fire, flooding and other emergencies.

The company’s website reports that the data center consists of several premises with a total area of ​​2,250 square meters.

The total power of the electricity grid is 1.2 megawatts. Recall that in Belarus mining activity is not considered to be entrepreneurial.

It is not subject to income tax for individuals and does not require any permits, registrations and other paperwork procedures.

The only thing necessary is to be engaged in mining independently, without partners and workers.

That is, the mining farm as well as the income from it hould belong to you. Its service is also in your zone of responsibility.

In December this year digital tokens, cryptocurrencies, including bitcoin, ICOs, activities of cryptocurrency exchanges, smart contracts and related issues were legalized in Belarus.

The revolutionary decree is designed to boost the country’s IT sector and attract foreign investments among other things.

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Number of Belarus’ HTP resident companies up by 25%

The Supervisory Board of Belarus’ Hi-Tech Park (HTP) give the green light to the registration of new 46 resident companies.

And more are coming!

After the president’s fateful decree №8 and the appointment of a new head of the HTP, the number of the residents increased from 88 companies to 238 residents.
“The number of HTP resident companies grew by a quarter from 192 to 238.

This is the first such dramatic one-time increase in HTP’s history which spans more than a decade.

The park’s impressive growth is caused by the adoption of the Digital Economy Development Ordinance by the Belarus president in December 2017.
The IT community has praised the document and has taken reciprocal steps in return,” the HTP representatives remarked.

Experts stress that fears that the HTP will become a “sandbox for the elite” didn’t come true.

Most of the companies registered in the park are startups that will take advantage of all benefits provided by the document.
The Supervisory Board of Belarus’ Hi-Tech Park (HTP) give the green light to the registration of new 46 resident companies.

And more are coming!

After the president’s fateful decree №8 and the appointment of a new head of the HTP, the number of the residents increased from 88 companies to 238 residents.

“The number of HTP resident companies grew by a quarter from 192 to 238.

This is the first such dramatic one-time increase in HTP’s history which spans more than a decade.

The park’s impressive growth is caused by the adoption of the Digital Economy Development Ordinance by the Belarus president in December 2017.

Read also: Hi-tech nation forum in Minsk to gather famous experts, entrepreneurs and futurists

The IT community has praised the document and has taken reciprocal steps in return,” the HTP representatives remarked.
Experts stress that fears that the HTP will become a “sandbox for the elite” didn’t come true.
Most of the companies registered in the park are startups that will take advantage of all benefits provided by the document.
“Some of these companies have earlier stayed away from joining the HTP but the ordinance have changed their opinion and encouraged to register in the park.

12 out of the 46 new resident companies have been set up before 2016.”
Clear and transparent conditions in the IT sector created by the ordinance were also mentioned as one of the factors of growth.

The new resident companies focus on in-demand lines of business and technologies:

AI software development (neural networks, machine learning, computer vision);
augmented reality – Wannaby, Camera First Development, Canoe, Twistellar, and other companies;
BigData software development – Big Data Technologies and SpiralScout;
IOT software and hardware development – Klika Tech;
precision farming software development – OneSoil.
Five new companies – Clevetura, VRTEK, Klika Tech, Circuit Engineering Technologies, and Softmax – work with software and hardware.
Wiseweb, Intermech, Service-Partner, and Softmax focus both on exports and domestic market.
The park’s representatives also note the increased trust of foreign investors in the HTP and IT business infrastructure in Belarus.
Recall that for the first time in the HTP’s history its resident companies exported software development services worth over $1 billion in 2017.

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5 Belarusian IT companies Hit Top 100 Best Global Outsources

International Association of Outsourcing Professionals (IAOP) released its annual listing of the world’s best outsourcing service providers.

Five outsource companies with the subdivisions in Belarus got in the Global Outsourcing 100.

Bell Integrator, Ciklum, EPAM Systems, IBA Group and Itransition got in the list of the best outsourcers.

All five companies have representative offices and development centers in Belarus.

Three other companies – Colliers International, Itera and Teleperformance – that are not related to the IT industry got in the list too.

When compiling the ranking experts take into account:

  • the size and growth rates of the company,
  • the quality of services,
  • the introduction of innovations,
  • the level of corporate social responsibility.

Last year six local companies got in the ranking, this year Intetics did not participate.

IT Outsourcing is a company’s outsourcing of computer or internet related work, such as programming, to other companies.

It is used in reference to business process outsourcing or BPO, which is the outsourcing of the work that does not require much of technical skills.

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.

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Belarus Women’s Team Claim 2nd Gold Medal In Pyeongchang

Belarus’ MAZ wins first ever medal at Dakar Rally 2018

Sergei Vyazovich managed to secure second place in the general classification after the 286-kilometer Stage 14 in Cordoba, Argentina.

The last race was a comfortable run for the crew led by Sergei Vyazovich, navigator Pavel Garanin, and mechanic Andrei Zhigulin.

The retirement of Argentina’s Federico Villagra due to mechanical problems promoted Sergei Vyazovich to second place overall.

The Belarusian driver came in 8th at Stage 14, just seven minutes behind the winner Ton Van Genugten (Iveco).

Russia’s Eduard Nikolaev took another Dakar title – his KamAZ team now has 14 wins.

The Belarusian team has enjoyed the best performance to date, the previous one being Alexander Vasilevsky’s sixth place in 2017.

The 2018 Dakar edition was the seventh for the Belarusian team.

The owner of MAZ-SPORTavto is Minsk Automobile Plant (MAZ trademark), the technical partner is velcom.

This year, Dakar Rally was running through Peru, Bolivia, and Argentina.

The race features 3,500 kilometers of high-speed sections, with most of the route running in the highlands.

Belarus And Hong Kong To Abolish Visas On 13 February

The information was made public by Dmitry Mironchik, the spokesman for the Belarusian Ministry of Foreign Affairs, on Wednesday, 18 January.

Chinese President Xi Jinping meets with Belarussian President Alexander Lukashenko

The intergovernmental visa abolition agreement between Belarus and the Hong Kong Special Administrative Region of China comes into force on 13 February.

The Belarusians and Chinese citizens living in Hong Kong will be allowed to enter, leave, remain within, or transit through Hong Kong and Belarus without visas for the period of up to 14 days.

According to experts, the abolition of visas between Belarus and Hong Kong will greatly enhance business and tourism exchanges.

Recall that earlier Belarusians paid $30 for a visa to Hong Kong, while citizens of Hong Kong were able to take advantage of 5-day visa-free entry to Belarus,

Meanwhile, Belarus and China are considering the possibility of introducing 30-day visa-free entry on a mutual basis.

At present there’s an agreement about visa-free entry for holders of diplomatic and service passports, and for tourist groups between the two countries.

By the way, tourist information at Minsk airport is now shown in four languages – Chinese, Russian, English and Belarusian.

 

 

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3 Key benefits of revolutionary cryptocurrency law for foreign business

Belarus President Alexander Lukashenko signed a decree on Friday, December 22, that made the use of digital currencies in the country lawful, among other provisions.

The revolutionary decree is designed to boost the country’s IT sector, attract foreign investments and turn Belarus into an international tech haven.

Here is a list of some key benefits of the new law:

1. Foreign talent attraction

While the global competition for qualified IT professionals is blooming, Belarus offers a number of perks to win over professionals from all around the world.

  • Employees of the HTP resident-companies will not be obliged to obtain work permits
  • The HTP resident-companies will not be obliged to obtain work permits for foreign employees
  • Visa-free entry for IT specialists  will be up to 180 days per year

2. Tax exemptions

Till 2049, the resident companies of Belarus Hi-Tech Park are exempt from paying: VAT, profit tax (corporate tax) and other taxes.

The HTP resident-companies pay only 1% of the revenue.

3. Expansion of activities

The HTP resident-companies can get involved into additional qualifying business activities.

  • design, development, maintenance, implementation, operation of software and / or firmware projects on the basis of or using the blockсhain;
  • activities related to cyber sports, including training of cybersport teams, organization and running of competitions, and their broadcasts;
  • activities related to artificial intelligence, and the creation of unmanned vehicle control systems;
  • activities related to crypto-currencies and digital tokens;
  • activities related to medical technologies and biotech, aviation and space technologies;

Among other benefits are possibility to open bank accounts abroad without restriction and development of IT product model in the HTP.

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 Question & Answer

Q: Is Belarus cheap for IT outsourcing?

A: In general salaries are significantly lower than in the US, for instance, but keep in mind that 90% of the local industry is involved into global IT projects.

The best professionals are often employed by the US or EU companies either directly or indirectly.

Q: Is Belarus the first country to allow this?

A: Belarus is the first country to implement overall regulation of digital tokens, cryptocurrencies, including bitcoin, initial coin offerings, activities of cryptocurrency exchanges, smart contracts and related issues.

Other countries have introduced just some of them, for example exchanges or cryptocurrencies.

Q: How to get into High Tech Park and be eligible for the regulations?

A: Currently there are 192 residents in the Park – from the first resident, EPAM (NYSE:EPAM) with its 7000 employees in Belarus, to small startups.

Every month or two a new batch of applicants become residents. Applicants should provide legal documents and a business plan, so the proceed via something like standard KYC procedure.

The new law is expected to turn Belarus in one of the most comfortable jurisdictions in the world for IT business, cryptocurrencies and blockchain.

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