The state will withdraw from the ownership of Belvest
27.07.2019 1897

The state will withdraw from the ownership of Belvest

The state concern Bellegprom, which owns a 55% stake in the shoe production Belvest, is ready to sell its stake in the enterprise. “Belvest Group” within five years will redeem a state share at market value with installments and indexation of payment, ”writes Tut.by

The decision was approved by decree of the President of the Republic of Belarus, Alexander Lukashenko. The investment project is estimated at 100 million rubles, of which at least 30 million rubles will be invested in Belvest's fixed assets. According to the agreement, the Vitebsk shoe factory should increase production over the past 3 years from the current 1,8 million to 3 million pairs of shoes per year. The current staff of 2400 must be maintained until the end of 2021. Until the end of 2022, the company will be provided with income tax benefits.

Currently, the Vitebsk factory, according to management, is operating at the limit of its capacity, in 2-3 shifts 7 days a week. The general director and co-owner of the Belvest factory, Yuri Sumaneyev, said that the factory does not have enough investments, but financial institutions and investment funds are ready to interact only with completely private companies.

The Vitebsk shoe factory is the leading shoe production in Belarus; in the USSR, the Belvest factory was one of the first joint ventures. The German concern Salamander left the footwear industry in 2002, in its place came the Russian company Polytex, which sells Belvest shoes in Russia.

Now the company's own retail network has 398 stores: 345 in Russia and 53 in Belarus.

The state concern Bellegprom, which owns 55% of the shares in the shoe production Belvest, is ready to sell its share in the enterprise. Belvest Group will buy out ...
Euro Shoes Exhibition

Latest News

The "Honest ZNAK.Business" application now has a scan function without authorization

The Center for the Development of Advanced Technologies has expanded the capabilities of the Chestny ZNAK.Business mobile application. The developers have implemented a new scanning function in the application. Users now have the ability to scan codes in the marking system without ...
20.10.2021 105

"Lockdown" announced in Russia from October 30 to November 7

Russian President Vladimir Putin approved the proposal of Deputy Prime Minister Tatyana Golikova to introduce non-working days in the country from October 30 to November 7. Non-working days are announced with payroll. This measure is forced due to the growth of ...
20.10.2021 222

Tamaris and Jana shoes to create the new Tamaris COMFORT range

The German brand Tamaris has decided to launch a new line in the segment of comfortable women's shoes and has attracted another brand of the Wortmann group - Jana shoes for cooperation. Now, in addition to developing its own collection, Jana shoes will be engaged in ...
20.10.2021 106

Adidas Originals has released new models of sneakers "for the winter"

In the collection of Adidas Originals there are models of shoes "for the winter", they complement the collection of insulated winter jackets and parkas for men and women. The collection includes men's low-top sneakers ZX1K BOOST and women's high-top sneakers SAMBA ...
20.10.2021 197

Malone Soulier launched an online service for making shoes to order

London-based shoe brand Malone Soulier has launched a global digital platform for bespoke footwear. The corresponding service appeared on the brand's website. Now for fans of the brand in different countries of the world the opportunity is available to create ...
20.10.2021 163
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning