An information base for industrial cooperation of small and medium-sized businesses is being created in the Vitebsk region

March 27, Vitebsk / Diana Kurilo - BELTA /. An information base for industrial cooperation (subcontracting) between large enterprises and business entities is being created in the Vitebsk region. The implementation of this project is one of the measures to develop entrepreneurial initiative, stimulate business activity and attract investment in the Vitebsk region for 2012-2015, which were approved today at a meeting of the Vitebsk Regional Executive Committee, according to a BELTA correspondent. Directive No. 4 "On the Development of Entrepreneurial Initiative and Stimulation of Business Activity in the Republic of Belarus" proposed a set of measures aimed at developing small businesses and liberalizing economic activities. Its implementation has had a positive impact on the socio-economic development of the Vitebsk region, emphasized the Chairman of the Vitebsk Regional Executive Committee Alexander Kosinets. In 2011, non-state sector enterprises created 13.3 thousand jobs, which is 53% of the total number created in the region. Business entities received Br2.4 trillion in revenue from sales, which is 2.1 times more than in 2010. In the formation of the budget's revenue part, the share of small and medium-sized businesses increased from 10.9% to 15% over the year. At the same time, the potential of entrepreneurial initiative is not being fully utilized, believes Alexander Kosinets. The share of small enterprises in the total industrial output last year was only 9%. About 65% of small and medium-sized enterprises are located in cities. The trade sector remains dominant, employing about 40% of small enterprises. Only 14% of small enterprises operate in production, 10% in transport, and 8% in construction. Insufficient work is being done to create new enterprises and attract investment. In this regard, the regional executive committee has approved a set of measures designed to support and stimulate private initiative. For example, from the budget funds, it is planned to annually provide financial support to small business entities in the form of subsidies to compensate for part of the interest on bank loans and expenses for lease payments. With the creation of an information base for the development of industrial cooperation, a subcontracting center will begin to operate, where information on needs for products, works and services, and available production capabilities will be accumulated. City and district executive committees, as well as committees and departments of the regional executive committee, will have to develop a mechanism for constant support of investment projects in order to promptly go through all administrative procedures related to their implementation, as well as to assist business entities in developing business plans for investment projects. -0-