It is planned to invest Br21.2 billion in the development of the Vitebsk region over the five-year period
The projected volume of investment resources is determined by the program for the socio-economic development of the Vitebsk region for 2021-2025. It is planned to direct Br13.5 billion (63.7%) to the real sector of the economy, Br7.7 billion to the service sector, including Br2.1 billion to infrastructure projects. An investment portfolio has been formed for each district, growth points and development directions have been identified, and industrial sites for investors have been designated. Information about them is posted on the websites "Investor's Roadmap", executive committees, and FEZ "Vitebsk". In total, 219 main projects in the production sector worth over Br4.5 billion are to be implemented in the region.
Breakthrough projects capable of boosting the development of the entire region will be in the woodworking sector by the Lithuanian company "VMG" (announced investment volume at the initial stage - Br230 million) and the AKITAMA group (Br210 million), which are being implemented in Vitebsk, Polotsk, and Dokshitsky districts. The projects envisage the creation of more than 200 new jobs. All products will be supplied for export, and the annual revenue for each enterprise from the moment of launch is estimated at a minimum of 14 million euros.
In the Polotsk district, the company "Kima Bel" is implementing another large woodworking project, which involves increasing the volume of wood processing into joinery products by 2 times (from 330 thousand cubic meters to 600 thousand cubic meters per year). It is planned to employ 250 people. In Novopolotsk, the main projects are planned in the oil refining sector, including the organization of production of small-volume chemical products at OJSC "Novopolotsk Refinery" with an investment volume of about Br32 million.
In the Orsha district, breakthrough projects have been formed in all sectors of the economy, with some of them already being completed and the main volume of capital investments mastered. In addition, technological and organizational solutions have been found for other significant projects, such as the creation of a ring rolling production at OJSC "Zavod PAK", and the production of cutting bars at OJSC "Orshaagroprommash". The construction of workshops at the Orsha Tool and Aircraft Repair Plants, at OJSC "Tekhnika svyazi", LLC "Savushkin-Orsha" and LLC "Tsilinders-Bel" will continue. Due to the development of the logistical potential of the "Bremіno-Orsha" special economic zone, cargo turnover will increase by 33.8%, and export of services - by 84%.
Seven districts of the region are classified as promising - Gorodoksky, Lioznensky, Rossonsky, Senno, Ushachsky, Sharkovshchinsky, and Shumilinsky. The main projects there will be implemented in agriculture and woodworking.
In the woodworking sector, the focus is on deeper processing, including small-volume timber. As a result of the planned modernization, the annual production volume will increase by 6-7 thousand cubic meters, and revenue - by Br1 million. In all promising districts, modernization of agricultural complexes is being carried out with an investment volume of up to Br3 million for each facility, while previously unused premises are being put into circulation. On average, such reconstruction of farms will ensure an increase in agricultural production by 3-4%. As a result, by 2025, positive dynamics will be ensured in all target indicators (revenue per employee, wages, per capita turnover, number of employed in the economy) in the promising districts.
Through borrowed funds, new production facilities for peat and sapropel extraction and processing will be modernized and created in the Ushachsky, Sharkovshchinsky, Braslavsky, Shumilinsky, and Rossonsky districts. All products are export-oriented. On average, up to 40 new jobs are planned to be created at each production facility.