In 2017, a total of Br1,738.6 million of capital
investment was injected into the Vitebsk Oblast economic and social sectors,
98.9% of 2016.
Construction and assembly works accounted for 47.1% of the total
investment in Vitebsk Oblast. Some 38.6% of investment was used to purchase
machinery and equipment. The rest 14.3% was spent on other works and expenses.
The main sources of financing were the internal funds of organizations
(43.8% of the total investment), consolidated budget (20.7%), and bank loans
Foreign sources (foreign investment, loans from foreign banks and
foreign credit lines) accounted for 6.6% of capital investment.
Capital investment was primarily used to develop manufacturing
(Br1,107.5 million, or 63.7% of the total volume of investment in Vitebsk
In 2017, Vitebsk Oblast raised $170.5 million in foreign investment and
$75 million in FDI. Net FDI inflows reached $23.8 million.
Vitebsk Oblast is carrying out several projects in cooperation with
foreign investors: to construct a metal rolling mill in Miory District and a
shop equipment factory in Vitebsk, to produce turf substrates in Sharkovshchina
District, polyethylene pipes in Tolochin District, non-standard steel
structures in Polotsk District, generic medicines in Beshenkovichi District,
and other projects.
Vitebsk Oblast is home to 880 legal entities with foreign capital from
41 countries: Russia, Lithuania, Latvia, Germany, Poland, Czechia, the
Netherlands, the USA, Belgium, Denmark, Estonia, Italy, Turkey, Canada, and