To sustain economic development and give a boost to the welfare sector, Mogilev Region drew from all sources of funding as much as BYR 1.4 trillion in fixed capital investments in January-August 2007, which was 20.2% up on the year, Interfax learnt from the committee for investments and construction of the region administration.
According to the source, construction and assembly accounted for 43.7% of the investments (16.8% up on the year).
Expenses relating to the purchase of machines, equipment and vehicles totalled BYR 648.4 billion (20.7% up on the year).
BYR 956.4 billion fell on production facilities, a 68% increase on the year.
The non-production sector received BYR 450.4 billion (22% up), including 53.6% for housing construction.
Budget allocations accounted for BYR 438.7 billion (31.2% of the total value of investments), the share of foreign investments being 5.5%.
They also made a good use of some BYR 343.4 billion in companies’ equity funds, including BYR 71.3 billion in bank credits (including those provided by foreign banks), BYR 12.3 billion in retail deposits (a 1.6-fold increase).