Business news

GOMEL, 25 May (BelTA) – Nine investment documents to the total tune of more than $480 million were signed at the 15^th Gomel Economic Forum on 25 May, BelTA informs.

Among the documents signed during the forum were one investment agreement and eight memorandums of understanding. The documents were signed by Gomel Oblast Governor Vladimir Dvornik and foreign and national investors. The governor noted that the development of foreign economic relations and the establishment of contacts with investors are among the priority areas of activity for the local authorities.

The investment agreement envisages the construction of a trade and service center in Gomel. The memorandums of understanding include the implementation of a number of projects such as the construction of solid household waste processing plants in Gomel Oblast, Zhlobin Oblast and Mozyr Oblast with a total capacity of up to 525,000 tonnes per year; the launch of the production of orthopedic and traumatological implants and instruments in Gomel, and the organization of meat and sausage production in Buda-Koshelevo District. Plans are in place to build a factory to produce shaped sheet of various configurations at FEZ Gomel-Raton, a shopping center in Petrikov, and a trade and logistics center in Gomel Oblast. The list of projects also comprises the modernization of the chocolate semi-finished products section at the Spartak Confectionery and the development of the Santa Company retain chain in the oblast.

The implementation of the aforesaid projects will help create more than 720 new jobs.

This year’s Gomel Economic Forum has gathered more than 650 participants from 32 countries. The event is presenting the Gomel Oblast economic and investment potential. The plenary part of the forum will be followed by events divided into six sections, including the Second Congress of Free Economic Zones.

First held in 2004, the Gomel Economic Forum is an effective platform to launch investment projects. From 2008 to 2017, an estimated 88 documents to the total amount of almost $2 billion were signed at the forum.