A Resident with Estonian Capital Joins FEZ "Vitebsk"

On January 28, 2019 a new economic entity with Estonian capital was registered as a FEZ "Vitebsk" resident - "Akitama" LLC. The investment project provides for construction of a new factory for processing low-grade wood, production of wood pellets and small wood components. The construction will take place on a vacant land plot in sector 2 of FEZ "Vitebsk". The planned amount of investment is over 14 mln EUR. The project will create 39 new jobs.
The implementation fo the investment project as a resident of the free economic zone "Vitebsk" will allow "Akitama" LLC to increase production capacity thus increasing output of export-oriented production