Region

Mogilev Oblast intends to raise $105m in FDI in 2015

In 2015 Mogilev Oblast intends to raise $105 million in foreign direct investment on a net basis (excluding debt to direct investors for goods, works, services), BelTA learned from the economy committee of the Mogilev Oblast Executive Committee.

The implementation of the investment projects launched in 2014 will be continued. Since the beginning of 2014, the regional authorizes, on behalf of the Republic of Belarus, signed 42 investment agreements amounting to $399.3 million. In addition, during the 7th International Investment Forum, which was held in November last year, investment contracts worth about $500 million were signed in the food industry, alternative energy, and agriculture.

"In order to raise foreign direct investment, we will continue to work on new investment agreements under the current projects and develop new investment proposals, inform potential investors about the local investment and export opportunities through business meetings, trade shows, international forums and conferences on investment," noted the committee.

The priority of the investment policy in 2015, as in previous years, will be the attraction of investment resources in the manufacturing industry and the investment projects with high knowledge-intensive and resource-saving technologies aimed at export promotion and import replacement. The regional authorities seek to increase the efficiency of the investment through the expanded reproduction of fixed assets, and upgrade of production facilities using advanced technology.