BREST, 26 December (BelTA) – The FDI net inflows in Brest Oblast are projected to reach at least $60 million in 2018, Brest Oblast Governor Anatoly Lis said at a joint session of the Brest Oblast Executive Committee and the Brest Oblast Council of Deputies on 26 December, BelTA informs.
About one half of this sum is expected to come through the reinvestment of profits by the foreign companies which have come to the region earlier on. The existing investment projects will bring in at least $9 million in FDI. There are some more projects to be implemented. For instance, BTV-Agro is about to carry out a mycelium production project in Kobrin Ditrict worth $4.4 in investments. Biologico Company plans to invest $1.1 million in developing cooperation with the agricultural company Konchitsy Agro. Terra-Sorb wants to start producing turf-based sorbents in Stolin District. The project is estimated at $400,000.
According to the governor, Brest Oblast will continue signing new investment contracts, including those with foreign investors. With this goal in mind, the local authorities have drafted a list of 114 land plots (a total area of 278 hectares) to be introduced to investors. They have also developed 22 investment proposals in different fields worth over $110 million. Another measure is a list of 23 public joint-stock companies to offer for sale a total of $20.3 million worth of stocks, among them the Batchi agricultural company in Kobrin District (a block of shares estimated at $3 million), the Antopol Spinning Mill in Drogichin District ($2.7m), and the Pinsk Plant of Labor-Saving Devices ($2.2m).
There are 23 investment projects currently implemented in Brest Oblast. The FDI net inflows in the region in 2017 are projected to total $48 million.
