{"id":239073,"date":"2006-09-05T12:29:00","date_gmt":"2006-09-05T12:29:00","guid":{"rendered":"http:\/\/new.moldova.org\/2006\/09\/05\/crisis-in-wine-industry-affected-sales-of-free-economic-zones-17821-eng\/"},"modified":"2006-09-05T12:29:00","modified_gmt":"2006-09-05T12:29:00","slug":"crisis-in-wine-industry-affected-sales-of-free-economic-zones-17821-eng","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/crisis-in-wine-industry-affected-sales-of-free-economic-zones-17821-eng\/","title":{"rendered":"Crisis in wine industry affected sales of free economic zones"},"content":{"rendered":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

Sales of residents of Free Economic Zones (FEZ) in Moldova declined by 6 percent in the first half of this year, down to 425 million lei (about 32 million dollars), on background of problems linked to restriction of wine exports to Russia, according to data of the Ministry of Economy and Trade. <\/p>\n

"A sudden decline of production in four economic zones was registered in the second quarter due to problems in winemaking sector," ministerial official said. <\/p>\n

Thus, the grape wine production in FEZs dropped by 45.2 percent in the first half of this year, down to 651,000 decilitres, while the cognac making declined by 54.1 percent, down to 106,000 decilitres. Related industries have also suffered – the production of raft articles for bottling of alcohol drinks has dropped by 6.8 percent, down to 190 million units, while polymer film production has decreased by 5.6 percent, down to 685 tons. <\/p>\n

On the other hand, the balance of production in depots of residents grew by 7.2 percent in the first half of this year, up to 60 million lei.
\n\"\"
\nOverall, residents of FEZs exported products worth 309 million lei in January-June 2006, sales on domestic market were valued at 71 million lei, while trade inside FEZs turned over 44 million lei. <\/p>\n

Five FEZs – Expo Business Chisinau, Taraclia, Tvardita, Valcanes and Ungheni Business – are functioning in Moldova at present. Another zone in the city of Otaci is preparing for restarting economic activity. FEZs include 123 residents while half of them are registered in Expo-Business-Chisinau. The total volume of investments in free zones amounted to 76.1 million dollars on July 1, of which 4 million dollars was invested in the first half of this year.
\n\/\/ BASA-Press<\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>Crisis in wine industry affected sales of free economic zones<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-239073","post","type-post","status-publish","format-standard","hentry","category-economy"],"content_social_share":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

Sales of residents of Free Economic Zones (FEZ) in Moldova declined by 6 percent in the first half of this year, down to 425 million lei (about 32 million dollars), on background of problems linked to restriction of wine exports to Russia, according to data of the Ministry of Economy and Trade. <\/p>\n

"A sudden decline of production in four economic zones was registered in the second quarter due to problems in winemaking sector," ministerial official said. <\/p>\n

Thus, the grape wine production in FEZs dropped by 45.2 percent in the first half of this year, down to 651,000 decilitres, while the cognac making declined by 54.1 percent, down to 106,000 decilitres. Related industries have also suffered – the production of raft articles for bottling of alcohol drinks has dropped by 6.8 percent, down to 190 million units, while polymer film production has decreased by 5.6 percent, down to 685 tons. <\/p>\n

On the other hand, the balance of production in depots of residents grew by 7.2 percent in the first half of this year, up to 60 million lei.
\n\"\"
\nOverall, residents of FEZs exported products worth 309 million lei in January-June 2006, sales on domestic market were valued at 71 million lei, while trade inside FEZs turned over 44 million lei. <\/p>\n

Five FEZs – Expo Business Chisinau, Taraclia, Tvardita, Valcanes and Ungheni Business – are functioning in Moldova at present. Another zone in the city of Otaci is preparing for restarting economic activity. FEZs include 123 residents while half of them are registered in Expo-Business-Chisinau. The total volume of investments in free zones amounted to 76.1 million dollars on July 1, of which 4 million dollars was invested in the first half of this year.
\n\/\/ BASA-Press<\/p>\n

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