Currently, around 1700 employees work at the enterprise.
Illustrative photo
In January 2026, the Economic Court of Vitebsk region declared "Belvest" economically insolvent. The factory is now awaiting reorganization.
STB reported that "Belvest" plans to clear all debts and stabilize its financial situation within three years.
«The reorganization plan does not include additional attraction of bank loans or increasing debts. In this case, we primarily rely on earned profit,» said Nikolay Mironov, anti-crisis manager of "Belvest".
The enterprise has debts of more than 32 million rubles, "Zerkalo" (Mirror) found out earlier.
The shoe factory is also looking for new sales markets. Recently, a delegation visited Myanmar.
The "Belvest" factory was founded in 1988 in Vitebsk with the participation of the German concern Salamander — it was the first joint venture with Western capital on the territory of what was then Soviet Belarus. Since 2003, the founders included the "Bellegprom" concern and the Russian CJSC "Politeks", which was replaced by LLC "Investprom" in 2011. In 2019, the state's 55% stake was sold to LLC "Belvest Group", while the remaining 45% stayed with the Russians.
Currently, around 1700 employees work at the enterprise.
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