Alexander Subbotin: for enterprises to survive and develop, managers need to be creative

This was stated by the Chairman of the Vitebsk Regional Executive Committee, Alexander Subbotin, at an open meeting of the Vitebsk Regional Executive Committee, where a single issue was discussed – “On the socio-economic development of the Vitebsk region for the past period of 2022 and on improving the efficiency of organizations”.


– For now, we are living by the inertia of contracts concluded before February 24. But they will end soon. There will be different logistics, different work schemes. Therefore, we have a month or two to reorient and do something not only to save enterprises, but also to make them work effectively, – the head of the region urged the heads of enterprises and districts. – We need to be creative. Either we will perish, or we will live differently and move forward.

Overall, the Vitebsk region has managed to maintain positive trends. Three out of four efficiency performance indicators set by the Government have been achieved: gross regional product (102.8%), total revenue of the consolidated regional budget (119.2%), and average monthly wage (115.4%).

– The region's enterprises are operating normally. Positive dynamics in foreign economic activity have been ensured, and we are growing in services exports. Undoubtedly, sales markets will change, the share of European Union countries is decreasing, and we are increasing supplies to the Russian Federation and CIS countries, – said the Chairman of the Economics Committee of the Vitebsk Regional Executive Committee, Veronika Zabolueva.


Due to sanctions pressure, there are a number of problems with conducting payments and purchasing equipment and components. Because of this, a number of major investment projects have been postponed to the second half of the year. And here, Veronika Viktorovna is convinced, there should be cooperation between large enterprises and small and medium-sized businesses. The first step in this direction has been taken. The Belarusian Fund for Financial Support of Entrepreneurs has created a database where both Belarusian and Russian manufacturers can register for free and indicate what they export and import. Thus, enterprises that need certain products can find them in this database.

Veronika Zabolueva sees the main reserve in economic development in the production of import-substituting products and in cooperation:

– Sometimes enterprises that need certain nodes and parts, which they previously imported, do not know that these components are produced nearby. To simplify these relationships, a database has been created by the entrepreneurship support fund.

To establish economic ties, all opportunities should be used, including economic forums. Such a forum is currently taking place in Orsha, one is planned for Novopolotsk in May, and a Russian-Belarusian economic forum is scheduled for June in Grodno.


"SB"