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Mogilev development agency to promote attracting investments to FEZ "Mogilev"

The cooperation agreement between the administration of the Free Economic Zone "Mogilev" and Mogilev development agency was signed by the heads of the FEZ and the agency Andrei Yartsev and Pavel Marinenko.

The cooperation between the institutions will give an opportunity to join efforts aimed at development of Mogilev region's economy, promote the region's positive image, attract foreign investments to the region and the FEZ, the head of the Free Economic Zone assured.

The activities of the FEZ are an integral part of developing economic potential of Mogilev region and Belarus. Its major task is to attract investments to the country's economy to set up modern technology intensive enterprise. The FEZ occupies the territory of 2840 ha. All 12 grounds are situated in industrial areas of Mogilev, Bobruisk, Osipovichi and Shklov. As of 31 March, 41 residents are registered at the FEZ; 35 of them are re-established juridical persons without departmental affiliation. The volume of investments attracted to implement the FEZ's investment projects makes up more than EUR 1 bln.

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