Investments in the technical re-equipment of enterprises in the Vitebsk region in 2006-2010 amounted to Br17 trillion.

November 17, Vitebsk / Diana Kurilo - BELTA /. About Br17 trillion investments have been attracted and directed to the technical re-equipment, reconstruction and modernization of industrial enterprises in the Vitebsk region, the introduction of new technologies and the implementation of measures for the production of new competitive products in 2006-2010. This was reported to a BELTA correspondent by Alexander Tikhonov, Deputy Head of the Investment Policy and Foreign Economic Relations Department of the Vitebsk Regional Executive Committee. Enterprises of the "Meat and Dairy Products" concern and the "Vitebsk Pishcheprom" system have implemented measures for technical re-equipment, with the volume of investments in fixed assets for 2006-2009 amounting to about Br400 billion, and about Br200 billion expected for 2010. Large-scale investment projects are being carried out at OJSC "Naftan" and RUPTP "Orsha Linen Mill". Technical re-equipment of OJSC "Vityaz" has been carried out, and the modernization of existing technological processes at RUPP "Vitebsk Radio Components Plant "Monolit" is ongoing. The reconstruction and modernization of production facilities at the Glubokoye, Lepel, and Novolukoml branches of RUPP "Vitebskhlebprom" are also continuing. Technical re-equipment has been carried out at 11 out of 20 flax mills in the region. As a result, the quality and fiber yield have improved, and equipment productivity has increased. The implementation of a number of large projects in Vitebsk with foreign capital participation is also continuing: the construction of a hypermarket on Beshenkovichskoye Highway, and the reconstruction of the former "Zhuravinka" restaurant. The reconstruction of the first phase and the reconstruction of the second phase of the shopping and administrative center on Moskovsky Avenue are underway. OJSC "Sotrudnichestvo" has begun the construction of a shopping and entertainment center on Moskovsky Avenue in the "Bilevo" area. As Alexander Tikhonov noted, favorable conditions have been created in the Vitebsk region for the implementation of investment projects with foreign capital participation. Currently, about 300 foreign investors are operating in the region. For example, Czech technologies have been present for over 10 years in the creation of stations for the purification and deironing of natural waters, and Finnish technologies in the organization of production facilities for optical fiber and copper cable. In the meat and dairy industry, the main investors are companies from Germany, Denmark, and Poland. In the food industry, equipment is mainly supplied from Slovakia, Austria, and Italy. Electronic components, raw materials for medicines for the production of plant and animal protection products, chemical preparations, and textile and leather raw materials are supplied from China. In the textile industry, technologies from Belgium, the USA, the Netherlands, and Italy are represented. -0-