12 Nov 2026 | 12:10

New sales markets and large investment projects: what is driving the growth of the Mogilev Region's economy

image

The results of the socio-economic development of the Mogilev region for the 9 months of this year and the implementation of the socio-economic development program of the region for 2026-2030 were summarized today at the oblispolkom. The meeting was attended by delegates of the seventh All-Belarusian People's Assembly.

As noted by the Chairman of the Mogilev Oblispolkom, Anatoly Isachenko, the main goal of the five-year period is the transition to a new quality of life for every citizen of the region. And for this, it is necessary to strengthen the real sector of the economy, continue to attract investments, and move along the path of sustainable development of the regions.

"For 9 months, the region has achieved a positive dynamics in terms of target indicators of the program and indicators of socio-economic development of the region in 2026," he noted. "The gross regional product exceeded 18 billion rubles with a growth rate of 101%. The industrial complex of the region ensured the production of products worth almost 13 billion rubles, forming over 28% of the region's gross value added, agriculture formed around 10%, and construction - more than 7%."

The growth in production also contributed to the growth in exports - in monetary terms, it amounted to $1.8 billion. The basis for further development is the implementation of investment projects. There are over 120 investment projects in the production sphere in the region in the current five-year period, with a total investment volume of 610 million rubles.

Producers in the region have entered the markets of 25 new countries, and key areas of export flows to the Russian Federation, Kazakhstan, Turkey, Uzbekistan, and China have been preserved and developed.

"This year, 15 projects have been completed, three of which are import-substituting," Anatoly Isachenko noted. "The largest projects include the automation of pipe production at the Olsa enterprise, the creation of a woodworking production facility BR-Wood in Bobruisk, the construction of a feedlot for 51,000 heads by the Klimovichi KXP, and a cheese production facility at the Molochye Gorki enterprise. By the end of this year, it is planned to complete a large-scale project for the construction of a dairy processing plant in Shklov."

Improving the well-being of citizens is one of the key tasks. "The growth in nominal average monthly salary in the region amounted to 113.5%. The key indicator of the program - real wages - increased by just over 8%," the Chairman of the Oblispolkom added. "Almost 4 billion rubles were allocated for the development of the economy and social sphere over the 9 months."

Source: rodniva.by

Join our Newsletter