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Plans to carry out over 170 investment projects in Minsk Oblast in 2018

Economy 12.01.2018 | 16:24
Anatoly Isachenko
Anatoly Isachenko

MINSK, 12 January (BelTA) – Plans have been made to implement over 170 investment projects in Minsk Oblast in 2018, Minsk Oblast Governor Anatoly Isachenko said in an interview with the SB. Belarus Segodnya newspaper, BelTA informs.

“Over 170 investment projects are scheduled to be implemented in 2018. We plan to attract $195 million in FDI,” the official remarked. One of the biggest projects in 2018 will be the construction of a mining and processing plant and housing in Nezhin, Lyuban District. The project has been set in motion by Slavkaliy Company at the Starobin potassium deposit. Another ambitious project is the establishment of an agribusiness company near Rudensk, Pukhovichi District. “A package of agreements with the Belarusian National Biotechnology Corporation has already been signed. The project will be launched soon. This means new jobs and wages for hundreds of people, in the first place. This is what the people need today,” Anatoly Isachenko noted.

He recalled that Minsk Oblast shows the best indicators in several investment activities. It has signed 670 investment agreements, more than any other Belarusian region. Local investment destinations have been developing rapidly, including the Belarus-China industrial park Great Stone, FEZ Minsk, BelGee, and others.

The governor went on to talk about employment and jobs. In his words, systematic work in this field has produced certain results. For instance, 7,147 new jobs were created in Q1-Q3 2017, 4,145 out of them at new companies and 3,002 at the existing ones. Over 70% jobs were created in the trade and service sector, around 11% in the construction industry, and more than 10% in industrial manufacturing.

As of 1 December 2017, there were over 9,000 job vacancies in the region, with less than one unemployed per vacancy. Some 23,800 people got employed on a full-time basis out of the 14,800 unemployed. Anatoly Isachenko pointed to an increase in salaries in the region. “We will get the accurate statistics for 2017 a bit later. In January-November 2017, the nominal salary almost reached Br805. The real salary went up by 5.6% from 2016,” he stated.

Minsk Oblast will turn 80 on 15 January. Over the last seven years, the region remains the leader in gross regional product growth. Minsk Oblast accounts for around 15% of Belarus' GDP. The region is also the largest in the country (39,000 square kilometers). The population exceeds 1.42 million.

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