Growth in investment and exports: positive dynamics noted in the economy of the Vitebsk region
In the Vitebsk region, a positive trend has been ensured in all areas of economic activity in January of the current year, as reported by the Economics Committee of the Vitebsk Regional Executive Committee.
A positive trend has been ensured in industry, agriculture, construction, wholesale, retail, and public catering. Passenger and freight turnover increased (119% and 101.9% respectively compared to January of last year), and growth is observed in investments and foreign economic activity. The growth rate of exports of goods was 130.6%, and services - 100.8%.
"We have grown in GRP - 104.4% compared to January 2023, investments in fixed assets amounted to 126.4%. Aggregate consolidated budget revenue receipts - 126.7%," the committee clarified. "Compared to last year's level, the average monthly accrued salary in the region increased by 17.3% and amounted to Br1668.2 for January. An 10.8% growth in real wages has been ensured."
The volume of industrial production also grew. "The industrial production index was 107.2% compared to January of last year, including 108.6% in manufacturing industries. The production of wooden products in the region increased 1.3 times. We observe a 1.2-fold increase in the production of coke and petroleum products, as well as computer, electronic, and optical equipment. The output of transport vehicles and equipment for the petrochemical complex increased 1.4 times, food products - by 5.4%, and machinery and equipment - by 6%," the committee explained. A positive trend is also noted in the production of gross agricultural output in all categories of farms.
"BELTA"
A positive trend has been ensured in industry, agriculture, construction, wholesale, retail, and public catering. Passenger and freight turnover increased (119% and 101.9% respectively compared to January of last year), and growth is observed in investments and foreign economic activity. The growth rate of exports of goods was 130.6%, and services - 100.8%.
"We have grown in GRP - 104.4% compared to January 2023, investments in fixed assets amounted to 126.4%. Aggregate consolidated budget revenue receipts - 126.7%," the committee clarified. "Compared to last year's level, the average monthly accrued salary in the region increased by 17.3% and amounted to Br1668.2 for January. An 10.8% growth in real wages has been ensured."
The volume of industrial production also grew. "The industrial production index was 107.2% compared to January of last year, including 108.6% in manufacturing industries. The production of wooden products in the region increased 1.3 times. We observe a 1.2-fold increase in the production of coke and petroleum products, as well as computer, electronic, and optical equipment. The output of transport vehicles and equipment for the petrochemical complex increased 1.4 times, food products - by 5.4%, and machinery and equipment - by 6%," the committee explained. A positive trend is also noted in the production of gross agricultural output in all categories of farms.
"BELTA"