BELARUS NEWS AND ANALYSIS

DATE:

03/03/2008

Belneftekhim to Create Baltic Trade Company in Kaliningrad

KALININGRAD, March 3. /FIS/ The Byelorussian concern 'Belneftekhim' is creating a subsidiary in Kaliningrad. The concern is set to invest RUR500 thousand into the share capital of Baltic Trade Company. The Byelorussian state oil and chemical concern comprises 40 enterprises, of which 35 are joint-stock companies and five - republican unitary enterprises. The concern accounts for 30% of Belarus industrial production, almost 35% of exports and foreign currency revenues and more than one-forth of the republic's taxes and budgetary payments.

Source: RCCNews.ru

Source:

http://www.engl.fis.ru/news/?nid=24557

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