Ericpol enters Belarus Hi-Tech Park
1 February 2011
At the beginning of 2011 IOOO ERICPOL BREST became a resident of the Belarus Hi-Tech Park in Minsk. As a result the company gained a lot of tax allowances, a chance to compete on Belarusian market and better opportunities of employing staff.
Apart form IOOO ERICPOL BREST there are another 98 companies registered in Belarus Hi-Tech Park. All of them are exempt from VAT and partially – from income tax. ‘Thanks to these tax allowances we may strenghten our offer to international market and create an attractive offer to the internal market. Up till now it was rather out of our reach’, says Valery Tsilind, Managing Director of IOOO ERICPOL BREST.
Entering the Hi-Tech Park also means that the process of hiring staff will be much easier. Belarusian graduates who attended free of charge state universites usually get an appointment to state companies with no right to choose from. ‘Since we have entered the Park we can choose the employees among the best graduates from state universities as they are allowed to work in companies belonging to Hi-Tech Park’, explains Valery Tsilind.
IOOO ERICPOL BREST is an Ericpol Telecom’s subsidiary opened in 2007, Brest, Belarus and primarily operates in the area of telecommunications and software development. IOOO ERICPOL BREST employs almost 100 people. For last three years it tripleted its revenues. Ericpol Brest cooperates with Belarusian Universities – the Brest State University of Technology, The Brest State University named after A.S. Pushkin and the Baranovichi State University.