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%).