Mogilev Region is determined to sustain last year’s pace of economic growth in 2007, Governor Boris Batura told a press conference Friday.
By way of proving the economic growth will be sustained, the governor referred to the economic progress the region achieved in January-April 2007.
In the four-month period the region preserved the rate of production and investment, as well as foreign trade, the governor informed.
Moreover, the region appears to perform better that forecast in a few sectors: industrial production, consumer goods production, agribusiness, retail turnover, capital investments, exports of goods and commodities.
The number loss-making companies in January-April totalled some 8% in comparison with over 15% in January-April 2006.
The governor admitted, though, that the region had been doing a poor job balancing exports and imports.
He attributes the misbalance in foreign trade to the fact that the region has to import vast proportions of intermediary goods – raw materials and complete parts for local enterprises.