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Residents of Mogilev Free Economic Area increased their exports 1.7-fold in January-September 2007 to a total of $22.1 million, Interfax learnt from Mogilev FEA administration.

The total value of commodities shipped to Russia in the nine-month period grew by 74.2% on the year to reach $24.3 million.

The FEA official specified, Russia accounts for 85% of the total exports of the FEA.

The bulk of the FEA's exports to Russia fell on plastic and textiles (technical fabrics and bedding).

The FEA-made goods were also exported to other CIS states and foreign countries (Germany, Denmark, Ukraine, the Baltic States).

In January-September 2007 FEA residents manufactured BYR 90.2 billion worth of goods, or 42.8% up on the year.

The total value of sales in that period (including warehouse stocks) made BYR 91.9 billion, with warehouse stockpiles taken into account (31.6% up).

As of October 1 2007 FEA-based companies tied in BYR 9.6 billion in fixed capital investments (50.6% up).

During that period they created 172 new jobs.

Mogilev FEA was founded in 2002. Currently, it has 11 resident companies.


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