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Third of region’s budget revenues earned by private business in 2011

Enlarged session of Mogilev Region Enterprise Development Council headed by Petr Rudnik was dedicated to discussing tendencies and perspectives of small and medium-sized business development.

In spite of the previous year’s difficulties, rate of small and medium-sized business development didn’t decline, the governor assured. More than 1000 new businesses registered increased the ratio of revenues that the regional budget got from private business – it made up a third of the region’s budget in 2011. The number of businessmen engaged into production of goods and services rather then buying and selling also increased. Among the leaders were “Tekhnolit” (opened metal working workshop in 2011), and “Politex” (implemented €2.5 mln investment project of nonwoven fabric production; 70% of its output is exported). The governor also appreciated activities of “Protos” holding, “LAF” enterprise, etc.

Participants of the enlarged session also focused on the major problems small and medium-sized business face, and discussed a number of measures aimed at promoting business activity.

Much attention should be paid to rural development, Petr Rudnik specified. “Favourable conditions must be created for initiative and businesslike people. It will promote increase of budget revenues, new jobs, and improvement of the people's well-being”, the governor stressed.

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