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MINSK: Armenian-Belarusian Trading House To Be Opened In Yerevan

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  • MINSK: Armenian-Belarusian Trading House To Be Opened In Yerevan

    ARMENIAN-BELARUSIAN TRADING HOUSE TO BE OPENED IN YEREVAN

    National Legal Internet Portal
    Nov 17 2009
    Belarus

    MINSK, 17 November (BelTA) - The Ar-Be Armenian-Belarusian trading
    house, a joint Belarusian-Armenian company, has been established in
    Yerevan, BelTA learnt from the spokeswoman for the Belgospischeprom
    concern Irina Guseva. The relevant documents have been signed in
    Yerevan.

    The company will deliver products of the Belgospischeprom companies to
    the Armenian market, and export the alcoholic beverages in particular.

    The Belarusian founders of the company are Minsk Kristall, the Vitebsk
    and Gomel distilleries, Akvadiv, and the Belgospischeprom trading
    house. The Armenian founder is the Multi Group Concern. The concern
    brings together 34 Armenian companies.

    The statutory funds of the new company total $365,000. Some 54.8%
    of them belong to the Multi Group Concern; the Belarusian shares are
    divided between the distilleries and the Belgospischeprom trading
    house.

    The Multi Group Concern allocates on a non-payable basis trading and
    warehouse premises to the total square of 6,000 square meters for
    the would-be trading house.

    At the beginning the Ar-Be trading house will specialize in wholesaling
    and retailing of Belarusian vodka and other distilled beverages. The
    company is also planning to deliver Belarusian meat and dairy products,
    confectionery, flour, TV sets, refrigerators, clothes, footwear,
    cosmetics, furniture and bathroom equipment in future.

    The Republic of Armenia is the traditional producer and exporter of
    alcoholic beverages. The major export items are cognacs and wines.

    According to experts, the distilled beverages constitute 64% of the
    alcohol imported to Armenia. The export of vodka has doubled recently.

    Armenia imports vodka from the CIS and Western Europe. The volume
    of the European vodka has dwindled lately. The main exporters of
    alcoholic beverages to Armenia are Russia (more than 50%), Ukraine
    (25%), and Great Britain (6.45%).
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