Region

Till the end of 2008, the blocks of shares of the three Vitebsk-based companies which were reorganized into open joint-stock societies will be sold by auction, Pavel Kotikov, the deputy director of the Vitebsk territorial fund Vitebskoblimuschestvo, told BelTA commenting upon the approved plan of privatization for the period till 2010. The blocks of shares of OAO Vitebsky Khoztorg, OAO Vitebskoblagropromtrans and Lepelpromshveimebel are expected to be sold by auction. According to...

The Free Economic Zone Vitebsk will present three projects at the Belarusian Investment Forum in London, BelTA learnt from the FEZ administration. The FEZ administration hopes to find strategic investors for the construction industry projects which presuppose the use of local feed stock – dolomite. Big dolomite reserves in the region make these projects very lucrative, FEZ specialists say. One of the projects is aimed at setting up the production of lime and magnesite cement from dolomite...

The biggest in the Vitebsk oblast sports centre will open on the base of the Luzhesno boarding school in December this year, BelTA learnt from director of the school Vladimir Shitko. The facility will be constructed in line with state programme “Children of Belarus” for 2006-2011. The cost of the project is around Br12 billion. The sports centre will include an indoor gym (it will occupy around 1 thousand square meters), a swimming pool (25 meters), 2 weight rooms and a tennis room, a...

The international research seminar Economic Growth in Contexts of Transformation will be held in Vitebsk State Technological University on October 23, BelTA learnt in the university. Attending the seminar will be scientists and specialists from 6 countries. More than 100 specialists from the Russian Federation, Poland, Lithuania, Latvia, Estonia and leading research centres and universities of Belarus have already confirmed their participation in the forum. The participants of the seminar...

There are plans to attract over $7 billion of foreign investments into the Belarusian economy, First Deputy Economy Minister of Belarus Piotr Zhabko told a press conference on October 15. In his words, in H1 2008 foreign direct investments amounted to $1.23 billion. “It is virtually equal to the amount of foreign direct investments received in 2007 and three times as much as in 2005,” noted the First Deputy Economy Minister. In 2005 Belarus’ economy attracted $1.8 billion of foreign...

Official delegations and businessmen from 10 countries worldwide are taking part in the 6th International Investment Forum Investments for Business and Regions Development in Vitebsk, BelTA learnt in the economy committee of the Vitebsk Oblast Executive Committee. The main goal of the forum is to present the possibilities of companies and regions of the Vitebsk oblast to attract foreign investments. More than 160 investment projects will be presented by the national participants of the...