Mogilevkhimvolokno intends to diversify its sales markets, Sergei Puzevich, director general of the company, told reporters on January 20. Belarusian Prime Minister Sergei Sidorsky visited the Mogilev-based company to get familiar with the implementation of the investment programme of development of the giant of Belarus’ chemical industry, BelTA has learnt. Earlier, the company has exported about 70% of its products to the Russian Federation (for the textile industry mainly). “Russian...

Mogilevkhimvolokno has produced a pilot lot of fatty acid methyl ester (biodiesel fuel) from rapeseed oil, BelTA learnt from chief engineer of the enterprise Alexander Medvedev. “The production of the pilot lot of fatty acid methyl ester (FAME) has shown that we can launch the commercial production of biofuel provided the manufacturing process is streamlined and optimized. In H2 2009, we plan to reach the annual designed capacity of FAME production – 30,000 tonnes from which we can get...

Belarusian President Alexander Lukashenko has approved the appointment of Sergei Puzevich as Director General of Mogilevkhimvolokno, BelTA learnt from the press service of the Head of State. Prior to the appointment Sergei Puzevich was director of the Polyester Thread-Making Plant of the Mogilevkhimvolokno Company. The company has already completed the first stage of the development programme, Sergei Puzevich told reporters. In the future, Mogilevkhimvolokno will pay special attention to...

There are plans to attract over $7 billion of foreign investments into the Belarusian economy, First Deputy Economy Minister of Belarus Piotr Zhabko told a press conference on October 15. In his words, in H1 2008 foreign direct investments amounted to $1.23 billion. “It is virtually equal to the amount of foreign direct investments received in 2007 and three times as much as in 2005,” noted the First Deputy Economy Minister. In 2005 Belarus’ economy attracted $1.8 billion of foreign...

The 4th international investment forum Mogilev Oblast – Region of Open Cooperation will open in Mogilev on October 9, BelTA learnt in the economy committee of the Mogilev Oblast Executive Committee. The goal of the forum is to promote the Mogilev oblast as the profitable place to set up and develop business. In the course of the second day of the forum, its participants will visit various industrial facilities of the region. They will take part in the work of the three seminars:...

Most agricultural companies in the Mogilev oblast have finished autumn grain sowing, BelTA learnt from the Agriculture and Food Committee of the Mogilev Oblast Executive Committee. As of September 29 the oblast had 195,600 hectares of winter grains sown or 100% of the target. 197,500 hectares (101%) of lands has been prepared for autumn sowing. Agricultural companies in 14 out of 21 regions of the oblast have finished the sowing campaign. The seven regions have to sow 2-5% of headed crops....

In January-August 2008, the Mogilev oblast of Belarus increased the retail turnover by 23.3% to make up Br3.3 trillion, BelTA learnt in the trade and services department of the Mogilev Oblast Executive Committee. In January-August 2008, the retail turnover has been formed by trade organizations (65.5%), sole traders (34.5%), physical persons and private companies. The retail turnover of trade organizations including public catering made up around Br2.2 trillion, or 26.4% up as against...

In January-August 2008 180 industrial enterprises of the Mogilev oblast or 82.6% of the total number increased their output, BelTA learnt from the Economy Committee of the Mogilev Oblast Executive Committee. Their output accounted for almost 90% of the oblast’s turnout. 17 companies increased their output by 5% at most, 27 companies — 5-10%, 26 companies — 10-15%, 38 companies — 15-20%, 72 companies — 20% and more. In the eight months the planned output figures were secured for 204...

During a meeting with Chairman of the Mogilev City Executive Council of Deputies Viktor Shorikov, Bulgarian businessmen have proposed to set up a modern winery in Mogilev. A Bulgarian delegation led by Mayor of Gabrovo Tomislav Donchev is in Mogilev on a two-day official visit. According to executive director of the Bulgarian company Bulmat Nikolai Minchev, an idea to set up a winery in Belarus has appeared during a visit of the Bulgarian delegation to the Mogilev-based Winery. “The...

A large transport and logistics center will be established in Mogilev in 2009, BelTA learnt from spokesperson of the Mogilev customs service Ella Chernova. The construction of the centre is stipulated in the concept of the development of customs clearance offices adopted by the State Customs Committee of Belarus for 2008-2013. A customs clearance office in the Mogilev logistics centre will help optimize and re-distribute the flows of goods, speed up the paperwork and reduce the lines. “We...