The former Lezavichi estate was bought by Gurevich, an entrepreneur from
Vitebsk, in 1902. Gurevich first built there a sawmill, and eventually the glass-making factory, which was opened in 1904. After the revolution, the factory was renamed The Krasny Luch Glass-Works, and the settlement around the factory, founded in 1905, became known as Krasny Luch. On August 22, 1944, Bezhanitsky District was transferred to newly established
Velikiye Luki Oblast. On October 2, 1957 Velikiye Luki Oblast was abolished, and the district was transferred to Pskov Oblast. On August 28, 1958 Krasny Luch was granted urban-type settlement status. ==Economy==