Growth in investment and exports: positive dynamics noted in the economy of the Vitebsk region
In the Vitebsk region, a positive trend was observed in all areas of economic activity in January of the current year, as reported by the Economics Committee of the Vitebsk Regional Executive Committee.
A positive trend was achieved in industry, agriculture, construction, wholesale and retail trade, and public catering. Passenger and freight turnover increased (119% and 101.9% respectively compared to January of last year), and growth was noted in investments and foreign economic activity. The growth rate of goods exports was 130.6%, and services - 100.8%.
"We saw growth in GRP - 104.4% compared to January 2023, investments in fixed assets amounted to 126.4%. Consolidated budget revenue collections reached 126.7%," the committee clarified. "Compared to last year, the average monthly accrued salary in the region increased by 17.3% and amounted to Br1668.2 for January. A 10.8% growth in real wages was achieved."
The volume of industrial production also grew. "The industrial production index was 107.2% compared to January of last year, including 108.6% in manufacturing. The production of wood products in the region increased 1.3 times. We observe a 1.2-fold increase in the production of coke and petroleum products, as well as computer, electronic, and optical equipment. The output of vehicles and equipment for the petrochemical complex increased 1.4 times, food products - by 5.4%, and machinery and equipment - by 6%," the committee explained. Positive dynamics were also noted in the production of gross agricultural output across all categories of farms.
A positive trend was achieved in industry, agriculture, construction, wholesale and retail trade, and public catering. Passenger and freight turnover increased (119% and 101.9% respectively compared to January of last year), and growth was noted in investments and foreign economic activity. The growth rate of goods exports was 130.6%, and services - 100.8%.
"We saw growth in GRP - 104.4% compared to January 2023, investments in fixed assets amounted to 126.4%. Consolidated budget revenue collections reached 126.7%," the committee clarified. "Compared to last year, the average monthly accrued salary in the region increased by 17.3% and amounted to Br1668.2 for January. A 10.8% growth in real wages was achieved."
The volume of industrial production also grew. "The industrial production index was 107.2% compared to January of last year, including 108.6% in manufacturing. The production of wood products in the region increased 1.3 times. We observe a 1.2-fold increase in the production of coke and petroleum products, as well as computer, electronic, and optical equipment. The output of vehicles and equipment for the petrochemical complex increased 1.4 times, food products - by 5.4%, and machinery and equipment - by 6%," the committee explained. Positive dynamics were also noted in the production of gross agricultural output across all categories of farms.