Business news

MOGILEV, 16 November (BelTA) – The first resident company with Chinese capital was registered in the free economic zone (FEZ) Mogilev on 15 November, representatives of the FEZ Mogilev administration told BelTA.

OOO Infen intends to create a complete mushroom farming process flow starting with mycelium seeds and ending with the production of fresh mushrooms. Apart from that, the company intends to assemble LED strips, LED automobile lights, and automobile lights using components. The project will be implemented at a FEZ Mogilev site near Krichev.

Design specifications and estimates for the future enterprises are now in development. About 80 jobs will be created in 2018-2023 thanks to the project.

With the new resident company on board, FEZ Mogilev is now home to 42 companies.