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Results 2015: about Br 5 trillion directed at modernizing industrial enterprises of Mogilev region

In 2015 about Br 5 trillion was directed at modernizing industrial enterprises of Mogilev region. The information is provided by Vladimir Muravyov, first deputy chairman of the regional economics committee.

A big campaign of 2013-2015 completed the projects of such industrial giants as OAO “Granny’s Jar”, OAO “Mogotex”, OAO “Fan DOK”, OAO “Belshina”. The purpose of the campaign is to get maximum economic benefits – to increase production volumes, to improve profitability, quality and competitiveness of produce which will make it possible to raise exports.

In Vladimir Muravyov’s words, the social and economic development of the region is directly connected with the efficiency of small and middle sized businesses which forms a competitive environment and creates new jobs. Preliminary estimation of 2015 shows that financing volumes to develop entrepreneurship in the region make Br800 m.

Besides, in 2015 the first-priority sectors were interregional cooperation and the program of social and economic development of south-eastern area of Mogilev region till 2020.

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