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Investments

The implementation of previously declared investment projects will continue in 2019, including within the framework of signed investment contracts.

There are plans to tap into foreign capital to start manufacturing roofing metal tiles, preforms, and optic fiber in the free economic zone (FEZ) Vitebsk as well as blanks for abrasive flap wheels. There are plans to set up enterprises for the deep processing of solid municipal waste, including the construction of a waste recycling plant. Modern woodworking enterprises will be set up to make furniture, joinery products, and wood boards.

For the sake of raising investments plans have been made to use the legal state support measures, which regulate how investment contracts are signed, how investments are channeled into small towns and rural areas, how preferences available in FEZ Vitebsk are granted. Individual regulatory acts will be developed for particularly important investment projects.

The main areas for attracting foreign investments include petrochemical industry; agribusiness; production of electric equipment, electronic equipment, and optic equipment, production of construction materials; pharmaceutics, transport logistics, advanced timber processing, tourism and leisure industry.