To sustain economic development and give a boost to the welfare sector, Mogilev Region drew from all sources of funding as much as BYR 263.5 billion in fixed capital investments in January-February 2008, which was 32.2% 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 46.8% of the investments (18.5% up on the year) at BYR 123.6 billion.
Expenses relating to the purchase of machines, equipment and vehicles totalled BYR 110.3 billion (4.4% up on the year).
YR 167.5 billion fell on production facilities.
The non-production sector received BYR 96 billion (39.5% up), including 50.4% for housing construction.
Budget allocations accounted for BYR 144.2 billion (30.7% of the total value of investments).
54.7% of the funds provided was invested in state property, 44.6% - private property and 0.7% in foreign property.