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Residents of Mogilev Free Economic Area increased their Russia-bound exports by 233% in January-February 2007 to a total of $4,445.9 thousand, Interfax learnt from Mogilev FEA administration.

The total value of commodities shipped to foreign states in the eleven-month period grew 220% on the year to reach $5,039.9 thousand.

The FEA official specified, Russia accounts for 88.2% 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, Kazakhstan, the Baltic States).

In January-February 2007 FEA residents manufactured BYR 20 billion worth of goods, or 15% up on the year.

The total value of sales in that period (including warehouse stocks) made BYR 19.4 billion, a 12% increase on the year.

As of March 1 2007 FEA-based companies tied in BYR 774 million in fixed capital investments, including BYR 77 million in state budget contributions.

During that period they created 41 new jobs.

In the two-month period FEA companies paid out BYR 660.2 million in taxes and state budget duties.

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

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