MOGILEV REGION RECEIVES $94 MILLION IN FOREIGN INVESTMENTS IN H1 2008 - GOVERNOR
The volume of foreign investments in Mogilev Region's economy totaled $94 million in H1 2008, Governor Boris Batura said during the 4th International Investment Forum in Mogilev.
To compare, the volume of foreign investments in 2007 was only $101 million, the governor added.
In his words, in 2007 the share of direct foreign investments was 35% against 23.4% in 2006 and 19.2% in 2005.
The local authorities are putting much effort in the improvement of the investment climate in the region, the governor informed.
In 2005 the authorities invested $594 million in the development of the economy and social sector of the region, while in 2007 the volume of investments reached $1.2 billion, the governor stressed.
The region places much emphasis on investment projects in the spheres of high-tech equipment, resource saving technologies and the production of import replacing goods.
According to the governor, the region is becoming increasingly attractive to foreign investors. The largest investors are Germany, the Netherlands, the USA, Poland, Latvia, the UK and Italy.
The governor resorted to several projects that were successfully carried out in Mogilev Region with the help of foreign investors. These include the production of beer (Syabar brewery), juices (Staraya Krepost), plastic tare (Jockey Plastic Mogilev). These projects enabled the region to introduce new technologies Belarus create new jobs.
The governor also cited several projects in progress, such as the production of polyvinyl chloride windows (Mont Blanc), strong drinks and grape wines, sewage procession and disposal in Bobruisk, the production of construction materials in Klimovichi.