Residents of Mogilev Free Economic Area increased their Russia-bound exports twofold in January-May 2007 to a total of $13.7 million, Interfax learnt from Mogilev FEA administration.
The total value of commodities shipped to foreign states in the five-month period grew 2-fold on the year to reach $15.6 million.
The FEA official specified, Russia accounts for 87.8% 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 $13.4 million worth of commodities, or 36% down on the year.
In January-May 2007 FEA residents manufactured BYR 44.5 billion worth of goods, or 27% up on the year.
The total value of sales in that period (including warehouse stocks) made BYR 49.4 billion, with warehouse stockpiles taken into account.
As of June 1 2007 FEA-based companies tied in BYR 3.58 billion in fixed capital investments (18% up).
During that period they created 24 new jobs.
In the five-month period FEA companies paid out over BYR 1.8 billion in taxes and state budget duties.
Mogilev FEA was founded in 2002. Currently, it has 10 resident companies.