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Resident companies of Mogilev Free Economic Area increased exports by 37.7% on the year in January-March 2008 to a total of $13.5 million, Interfax learnt from the regional economy committee.

82.5% ($11.1 million in value terms) of the exports went to the Russian Federation.

The FEA also shipped minor consignments of goods to Germany, Denmark, Ukraine and the Baltic States.

Over the period in question the FEA residents imported $13.4 million worth of goods, or 67.7% up on the year. Most imports came from Germany (31%), Cyprus (13.3%), South Korea (11%), the CIS (35.3%).

In Q1 2008 the FEA produced BYR 33.9 billion worth of goods, or 22.1% up on the year.

Sales totaled BYR 30.4 billion, and the return on sales reached 11.6%.

As of April 1, 2008, Mogilev FEA attracted $96.1 million investments (contributions to statutory funds accounted for 2.1% of the total investments).

Over the period in question the FEA created 54 new jobs.

The FEA residents paid BYR 1.8 billion in taxes to the regional budget.

Mogilev FEA was set up in January 2002. Currently it has 15 resident companies with a total personnel of 759 persons.

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