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Residents of Mogilev Free Economic Area increased their exports 1.8-fold in January-July 2007 to a total of $22.1 million, Interfax learnt from Mogilev FEA administration.

The total value of commodities shipped to Russia in the seven-month period grew by 80% on the year to reach $18.8 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).

Over the period in question, FEA residents imported $21.1 million worth of commodities, or 11% down on the year.

In January-July 2007 FEA residents manufactured BYR 66 billion worth of goods, or 43% up on the year.

The total value of sales in that period (including warehouse stocks) made BYR 71.1 billion, with warehouse stockpiles taken into account.

As of August 1 2007 FEA-based companies tied in BYR 6.45 billion in fixed capital investments (41% up).

During that period they created 121 new jobs.

In the six-month period FEA companies paid out over BYR 2.8 billion in taxes and state budget duties.

Mogilev FEA was founded in 2002. Currently, it has 10 resident companies.

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