Commentary to Decree No. 105 of 12 March 2018

    Additional measures to improve the operation of sci-tech parks have been taken in Belarus. Belarus President Aleksandr Lukashenko signed a corresponding decree on 12 March.

    In accordance with the document, technology parks can set up innovative development funds to finance innovative projects of resident companies.

    It is now possible to apply flexible leasing policies depending on the technological paradigm of production and other factors.

    Technology parks and their resident companies will enjoy preferences in the import of equipment for the implementation of projects as part of Belarus’ national program of innovative development.

    The decree will stimulate the activities of technology parks as the centers of innovative development in the country.