To sustain economic development and give a boost to the welfare sector, Mogilev Region drew from all sources of funding as much as BYR 211 billion in fixed capital investments in January-February 2007, which was 42.9% 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 44.4% of the investments (36% up on the year).
Expenses relating to the purchase of machines, equipment and vehicles totalled BYR 96.6 billion (48.6% up on the year).
BYR 148.7 billion fell on production facilities, a 62.4% increase on the year.
The non-production sector received BYR 62 billion (11% up), including 55.5% for housing construction.
Budget allocations accounted for BYR 55 billion (26% of the total value of investments), the share of foreign investments being 5.5%.
They also made a good use of some BYR 85 billion in companies’ equity funds, including BYR 52.5 billion in bank credits (including those provided by foreign banks), BYR 12.3 billion in retail deposits (a 1.6-fold increase).