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Residents of Mogilev Free Economic Area increased their Russia-bound exports by 90% in January-March 2007 to a total of $6.7 million, Interfax learnt from Mogilev FEA administration.

The total value of commodities shipped to foreign states in the eleven-month period grew 90% on the year to reach $7.7 million.

The FEA official specified, Russia accounts for 87% 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-March 2007 FEA residents manufactured BYR 27.5 billion worth of goods, or 9% up on the year.

The total value of sales in that period (including warehouse stocks) made BYR 30.6 billion, with warehouse stockpiles taken into account.

As of April 1 2007 FEA-based companies tied in BYR 2.4 billion in fixed capital investments.

During that period they created 44 new jobs.

In the three-month period FEA companies paid out over BYR 1 billion in taxes and state budget duties.

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

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