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Vitebsk Oblast announces contest for investment business projects


The economy committee of the Vitebsk Oblast Executive Committee has announced a competition for investment business projects, BelTA learned from the oblast executive committee.

State financial support can be provided to small business of Vitebsk Oblast and medium-sized business of Orsha District who implement investment and business projects in construction, acquisition of permanent structures (buildings), isolated premises or their reconstruction, purchase of equipment, transport vehicles, special devices, spare parts, raw materials and products for own production and provision of services. The creation of new jobs is a mandatory requirement.

State support is provided through subsidies to pay off part of interest for the use of bank credits and also part of expenses in leasing payments under financial lease agreements.

The competition is running from 3 February to 9 March 2020. Applications are received by the economy committee. For more information visit the website of the Vitebsk Oblast Executive Committee.