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Lukashenko talks about investment appeal of Mogilev Oblast

MOGILEV, 14 December (BelTA) – Mogilev Oblast has a sufficient investment potential. Belarus President Aleksandr Lukashenko made the relevant statement as he presented the new Mogilev Oblast governor on 14 December, BelTA has learned.

Aleksandr Lukashenko reminded about his previous requirements: the region must not be at the bottom of the performance chart. He remarked that the oblast’s eagerness to create new manufacturing enterprises and expand existing ones represents steps in the right direction. “And primarily in backwater areas where unemployment is a major problem. Although it is not such a big problem in Mogilev, but nevertheless there are some points. Work on it, you have everything for it,” the president added.

At the same time the head of state drew attention to a small decrease in investment activity in Mogilev Oblast. Aleksandr Lukashenko expects the oblast administration to secure an increase in this sphere.

“If investments are available, then new enterprises will be set up, then there will be growth. If there are no investments, there will be no growth. And there are opportunities for making investments. There are over 240 promising deposits of commercial minerals in Mogilev Oblast. We used to underestimate deposits of chalk, sand, phosphates, and peat. All of them are in huge demand nowadays,” the president said. “And cement is in demand nowadays, too.”

The head of state mentioned the world’s reorientation towards green technologies and the development of ecofriendly manufacturing. “The reorientation is crazy,” he stressed.

Apart from that, Mogilev Oblast’s existing manufacturing specialization allows it to be a significant manufacturer of products of chemical and petrochemical industries, mechanical engineering industry, woodworking industry, roofing materials and paper. “We can lift the country using woodworking industry,” Aleksandr Lukashenko stated.

It is also necessary to take care of problems at the largest enterprises, the president noted. He primarily referred to Mogilevkhimvolokno and Belshina. “Not everything is bad over there, but it is necessary to mobilize, it is necessary to secure growth and forget about these sanctions,” he urged.

The head of state also noted that soil fertility in Mogilev Oblast is above the country’s average. Which means agribusiness in the region has great prospects.

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