Alexander Lukashenko pays working visit to Mogilv region

21 марта 2017

By Andrei Krivosheyev: The state will continue supporting bona fide investors, as announced by President Alexander Lukashenko during today’s working visit to the Mogilev region. The President was informed in the implementation of his instructions on the development of the region, in particular, of the Mogilev Free Economic Zone. About 40 projects have been implemented here over the past five years, including those involving foreign capital.

An outstanding example of a successful foreign investment is Kronospan OSB. The company has invested a total of about 1 billion euros in setting up enterprises in Belarus, more than 1,000 jobs have been created. Kronospan is the best proof of the harmony between a private strategic investor and the honest active state, a standard of industrial partnership where state orders, transparent forestry, modernization and careful state planning meet investments, technologies and investor integrity.

This is a positive example though it does not fully reflect the situation in the region as it is lagging behind in achieving target figures. 4 out of the 6 key indicators have been fulfilled. The export of goods and services has increased by 10% and positive balance has seen a 7-fold increase. The greatest contribution to the services has been made by programming, training foreign students and export of healthcare services.