Economic Potential

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In the structure of national volumes, the Gomel region makes a significant contribution – it is more than 20% of industrial production, about 15% of agricultural production, 15% of construction and installation works, 12% of retail turnover, more than 12% of goods exports.

Gomel region is the largest industrial region of the Republic. In 2019, industrial production totaled 23.4 billion rubles. More than 220 large and medium-sized enterprises work here, the share of which in the volume of industrial production of the Republic is about 20%. The industrial sector in the Gomel region employs about 155.5 thousand people or 26.4% of the population employed in the economy.

The main economic activities that determine the development of the real sector of the economy of the Gomel region are the production of petroleum products, metallurgical production, production of machinery and equipment, extraction of fuel and energy minerals, chemical production, food industry and others.

A number of industrial giants are located on the territory of the Gomel region, whose stable operation allows the region to be competitive in the international arena.

The number for GDP-forming region enterprises are JSC “Mozyr oil refinery”, RUP PO “Belorusneft”, OJSC “Byelorussian steel works – management company of holding “Belarusian metallurgical company”, RUE “gomelyenergo”, JSC “Gomselmash”, OJSC “Gomel chemical plant”, OJSC “Gomel plant of casting and normals”, JSC “Rogachev dairy plant”, JSC “Svetlogorskoye”, JSC “Rechitsa hardware plant”.

The gross-forming enterprises for the region include OJSC “Mozyr Oil Refinery”, RUP PO “Belorusneft”, OJSC “Belarusian Metallurgical Plant – the managing company of the holding Belarusian Metallurgical Company”, RUE “Gomelyenergo”, JSC “Gomselmash”, OJSC “Gomel Chemical Plant”, OJSC “Gomel plant of Casting and Normals”, JSC “Rogachev Dairy Canning Plant”, JSC ” SvetlogorskKhimvolokno “, JSC “Rechitsa Hardware plant”.

The Gomel economy is export-oriented. More than 60 % of all manufactured products are supplied to the markets of near and far abroad countries.

Organizations of the Gomel region cooperate with foreign trade partners from more than 100 countries. The most actively developing trade is with Russia, Germany, Ukraine, the Baltic countries, Poland, Italy, China, the Netherlands, and Kazakhstan.

To foreign markets, enterprises supply ferrous metal products (34% of the region’s exports), oil (21%), milk and milk products (10%), fertilizers (5%), plastics and their products (4%), machinery and mechanisms (4%), wood (2%), cellulose (3%) and other goods.

One of the main priorities for the development of the Gomel region is attracting investment. In 2019, investments in fixed assets in the region amounted to 4 billion rubles.

In recent years, a number of major investment projects have been implemented in the Region: a modernized polished glass production line has been commissioned  at JSC “Gomelsteklo”; a diesel hydrotreatment unit, an isomerisation unit, a vacuum distillation unit for fuel oil have been built at the OJSC “Mozyr Oil Refinery”; three large cheese factories were launched in Turov, Rogachev and Svetlogorsk; the modernization of wood processing enterprises (OJSC “Gomeldrev”, OJSC “Rechitsadrev”, OJSC “Mozyr woodworking plant”) was completed, where fiberboard and chipboard production was modernized, laminated chipboard and insulating fiberboard production was established; the construction of a lime kiln and wire-rod production at OJSC “Byelorussian Steel Works – management company of “Byelorussian Metallurgical Company”; the production of dried whey by JSC “Milkavita”; a new manufacturing of wafer products by JV JSC “Spartak”; the establishment of 4 parks for electric energy generation using natural solar radiation in Bragin, Elsk and Rechitsa districts, and a number of other projects.

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In the coming years it is planned to implement large investment projects, the completion of which will provide the additional economic capacity to the Gomel region, they include: the industrial development of the Petrikov potassium salts deposit along with the construction and launching of mining and processing complex with a capacity of 1.5 million tonnes of potassium chloride per year; the construction of a heavy oil residue hydrocracking complex and catalytic reforming unit with the permanent regeneration of the catalyst by JSC “Mozyr Oil Refinery”; the modernization of the production of the components of the mechanical transmission for the production of a new generation of agricultural and harvesting equipment by OJSC “Gomselmash”; increasing the project capacity for the production of bleached kraft pulp up to 400 thousand tons per year by JSC “Svetlogorsk Pulp & Board Mill”, including the production of viscose cellulose; the production of furniture, mattresses and components by LLC “Delkom40”; the manufacturing of hydrostatic transmissions and industrial hydraulics products by OJSC “SALEO-Gomel”; the modernization, technical re-equipment of existing productions and increasing production capacities of OJSC “Byelorussian Steel Works – management company of “Byelorussian Metallurgical Company” and a number of other projects.

In the region, there are enterprises created with the support of the foreign funds from more than 50 countries, including Israel, Italy, Austria, Russia, Poland, the Netherlands, France, Spain, and others.

One of the most important factors of the investment attractiveness of the Gomel region is the developed scientific and technical complex. There are 3 institutes of the National Academy of Sciences of Belarus, 8 higher educational institutions, 6 of which are universities, more than 20 branch research and design institutes, special design and engineering bureaus, and Gomel Technopark.

Gomel has regional branches of the Belarusian Engineering Academy, the Belarusian Scientific and Industrial Association, a regional branch of the Republican Centre for Technology Transfer and a Business Innovation Center.

A significant contribution to the development of regional scientific, technical and innovative activities is made by the cooperation of scientists of the region with foreign partners within the framework of international contracts and agreements. The multinational nature of scientific contacts is represented by more than 30 countries, including Russia, Japan, South Korea, the United States, Poland, Great Britain, Germany, Ukraine, and China.

As of January 1, 2020, in the region were registered 38.7 thousand small and medium-sized businesses, including 9.6 thousand micro and small organizations, 291 medium-sized organizations and 28.8 thousand individual entrepreneurs.