Vitebsk region enterprises will direct Br15 trillion to modernization in 2013-2015.

Enterprises of the Vitebsk region plan to allocate about Br15 trillion for the implementation of modernization projects and effective development measures during 2013-2015, the Economics Committee of the Vitebsk Regional Executive Committee informed a BELTA correspondent.

Among the most significant projects for 2013, the regional executive committee named the continuation of the construction of a production line for powders for the glass industry at OJSC "Dolomit". In addition, OJSC "Polotsk-Steкловолокно" plans to increase the output of fiberglass and fiberglass products by expanding the two-stage fiberglass production section in workshop No. 12, as well as organizing the production of structural glass mats. OJSC "Naftan", within the framework of the Development Program for 2010-2015, will acquire equipment for the reconstruction of hydrotreating units L-24/7, primary oil refining AT-8, and vacuum unit AVT-2. OJSC "Keramzit Gravel Plant" will complete the construction of a workshop for the production of expanded clay concrete products with a production capacity of 100 thousand cubic meters per year.

The main sources of project financing will be credit resources and the enterprises' own funds. In 2013, the region will continue to implement more than 500 measures for the implementation of modernization plans, which will be allocated Br5.7 trillion. The implementation of these projects will ensure an average monthly salary equivalent to at least $1,000 by the end of 2015 and increase revenue per employee to over $100,000.

A program for the development of the industrial complex of the Vitebsk region, designed for the period up to 2015, has been implemented in the region since 2010. Since the beginning of its implementation, during the period 2010-2012, 383 measures for technical re-equipment and modernization of production facilities have been carried out, with almost Br8.7 trillion allocated for them. The implementation of these projects allowed for revenue from the sale of products, works, and services equivalent to $83.8 thousand per employee for 11 months of 2012.

In the Vitebsk region, 1,137 organizations out of 1,156 legal entities are implementing modernization plans and measures for effective development until 2015. In 2012, the volume of investment in fixed assets in industry exceeded Br5 trillion and accounted for 36.8% of the total investment attracted to the region's economy.