In the Vitebsk region, 24 investment agreements worth Br350 billion have been concluded since the Decree No. 10 came into force.

December 1, Vitebsk / Diana Kurilo - BELTA /. Since the entry into force of Decree of the President of Belarus No. 10 "On creating additional conditions for investment activities in the Republic of Belarus", 24 investment agreements worth about Br350 billion have been concluded in the Vitebsk region, as reported today at a press conference by the Chairman of the Vitebsk Regional Executive Committee Alexander Kosinets, BELTA correspondent reports. Of these agreements, 22 were concluded in 2010. Their implementation is planned for 2011-2015. Large investment projects are being carried out with foreign capital: the construction of a hypermarket on Beshenkovichi Highway by "Tabak-Invest" LLC, the reconstruction of a trade and administrative center on Moskovsky Prospekt by "Developer Group" ODO, and the organization of PVC skirting board production by "Decora East" IP. An investment agreement has been signed with "KALLE" LLC for the construction of a multifunctional center in Vitebsk, which will include retail, sports, leisure facilities for children and adults, and other socially significant objects. The investment volume will amount to Br62 billion. "Sotrudnichestvo" OJSC has begun implementing an investment project for the construction of a grocery supermarket and a shopping and entertainment center in Vitebsk on Moskovsky Prospekt in the Bilevo microdistrict, with a total area of about 12 thousand sq.m and an investment volume of Br30 billion. To assist investors in the region, model business plans have been developed for the creation of new enterprises and production facilities in the field of wood waste processing, pellet production, roadside service organization, and the creation of transport and logistics centers. The database of investment projects of enterprises in the Vitebsk region requiring investor search for their implementation has been updated. More than 185 investment projects totaling almost $950 million have been posted on the website of the Vitebsk Regional Executive Committee. Embassies of the republic and the Ministry of Foreign Affairs are helping the region find investors. Speaking about the prospects of investment activities in the region, Alexander Kosinets reported on the agreements reached during the Belarusian Investment Forum in Frankfurt am Main. Thus, a protocol of intent for cooperation between the Vitebsk Regional Executive Committee and the German company "Lingl" LLC was signed for the construction of a plant for the production of porous ceramic wall panels based on the Obol Ceramic Plant with a planned investment volume of over 13 million euros. FEZ "Vitebsk" and "Garant International Handelsagentur" signed a cooperation agreement, which provides for the organization of thermal fiberboard production on the territory of the FEZ. In addition, an investment agreement with "Gidromostbel" SOOO is planned to be signed for the construction of the "Country Club" tourist complex in the Miory district. Negotiations are underway with a Czech company on the implementation of the "Vitebsk Logistics Center" project in the area of Vitebsk (Vostochny) Airport. Work is underway to implement the investment project "Construction and development of a transport, industrial and logistics center for wholesale trade of international importance "BelExpoLog" based on "Orsha Aircraft Repair Plant" OJSC. The Chinese company "CBT Development Logistics Limited" has been granted the status of an investment agent for the specified project. Currently, issues related to the development of the transport channel of the future logistics center and the implementation of trial air deliveries of Chinese goods are being resolved. -0-