Czech and Latvian investors are ready to create a joint venture with the Vitebsk plant "Evistor"

May 20, Vitebsk / Diana Kurilo - BELTA /. Czech and Latvian investors are interested in cooperation with the production republican unitary enterprise "Evistor Plant". Protocols of intent on the creation of joint ventures were signed today during the international innovation and investment forum "Innovative Business - Investments in the Future" in Vitebsk, a BELTA correspondent reports. Deputy Chairman of the Board of RAR Plant Lubis Gunars, in a conversation with a BELTA correspondent, noted that the enterprise has more than half a century of ties with Belarusian manufacturers. The creation of a joint venture will be a natural stage of cooperation. It is expected that the Belarusian-Latvian enterprise will be engaged in the production of spare parts for automotive and tractor equipment, which until now have been imported into Belarus from Russia, Poland, and Sweden. In his assessment, the technical equipment of the "Evistor" plant will allow for the production of high-quality spare parts according to the technical documentation of the RAR plant. Partners do not exclude that in the future the finished products will be supplied not only to the domestic market but also abroad. Czech company OW PLUS, together with the "Evistor" plant, intends to create an enterprise for the production of electrical equipment for the automotive and agricultural machinery industries of Belarus and abroad. The estimated cost of the project is about 5 million euros. At the innovation and investment forum in Vitebsk today, 8 protocols of intent on cooperation were signed. Including a protocol of intent on cooperation between the Vitebsk Regional Executive Committee and PDW Group (Czech Republic) in the field of developing the Vitebsk airport infrastructure with a total planned investment volume of 50 million euros. Half of the signed documents involve the creation of production facilities in small towns. For example, in Lepel, the foreign enterprise "Glasgall" plans to implement an import substitution project to create a facility for cutting and packaging medical paper. More than 200 representatives of the business community from 12 countries took part in the investment forum, which is being held in Vitebsk on May 20-21. Over 150 new proposals were presented for consideration by potential investors. Priority areas include innovative technologies in logistics, energy saving, food and woodworking industries, mechanical engineering, pharmaceuticals, and tourism. During the forum, a scientific and practical exhibition of innovative and investment projects "Science. Innovations. Investments", a presentation of priority projects, a contact and cooperation exchange, and visits to enterprises and investment sites are planned. Investors will have the opportunity to familiarize themselves with projects already successfully implemented in the region, and to communicate with businessmen engaged in investment activities in the region. -0-