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Minsk

@minsk

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Economy Minsk is a major industrial center. The city contributes more than a quarter to the national GDP. Minsk’s industrial sector features companies and enterprises producing machinery and equipment, food beverages and tobacco products, electrical equipment, vehicles, construction materials, and pharmaceuticals. There are 3,155 industrial companies in Minsk. The city is home to the most well-known Belarusian brands: Minsk Tractor Works (MTZ), Minsk Automobile Plant (MAZ), Minsk Wheel Tractor Plant (MZKT), Minsk Motor Plant (MMZ), three machine tool plants, Amkodor, Management Company of the Belkommunmash Holding Company, Minsk Refrigerator Plant, Integral Plant and many others. Minsk companies maintain foreign trade relations with 212 countries. Minsk accounts for about 35% of Belarus’ foreign trade. Minsk has received investment from 80 countries. The free economic zone Minsk plays a significant role. Some of its facilities are located in Minsk Oblast.
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Minsk is the largest economic centre of Belarus. The total volume of tax revenues is about half of the total volume in the country. The largest taxpayers of the city in the first quarter of 2011 were Beltransgaz OJSC, Lukoil-Belorussiya IP, Minsk Kristall RUP (producer of alcoholic beverages), Velcom IP, Mingaz UP, Minskenergo RUP, Beltelecom RUP, Tabak-Invest LLC, Unis Oil LLC and Priorbank OJSC. Together, they provided 40% of revenues. In the first quarter of 2011, 54% of revenues to the consolidated budget of the city came from non-state enterprises, while in 2010 they accounted for 46.6% of revenues. In 2010, small businesses provided about 25% of tax revenues. The gross regional product of Minsk is 26.4% formed by the manufacturing industry, 19.9% ​​by wholesale trade 12.3% by transport and communications 8.6% by retail trade, and 5.8% by construction. The share of the city's gross regional product (GRP) in the republican gross domestic product (GDP) is 23.7%, or 120 trillion ₽ about 12.8 billion $
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