Jewelry holding company to be set up in Belarus

MINSK, 28 May (BelTA) – A jewelry holding company will be set up in Belarus soon. Relevant Decree No241 “Concerning some issues of setting up a jewelry holding company and its activity” was signed by Belarus President Alexander Lukashenko on 24 May, BelTA learnt from the presidential press service.

According to the document, the management company of the jewelry holding company is Gomel Kristall. The holding company will be comprised of Kristall, Beljuvelirtorg and Belgran.

The provisions of the decree envisaging simplified taxation, movement of financial and fixed assets, development of the singled trading network have been adopted to consolidate the efforts of the participants of the holding company for development of jewelry production, sales of the products (including abroad) and addressing the issues of import-substitution.

The jewelry holding company will help optimize the supplies of jewelry of the Belarusian manufacture to the retail trading network, enhance the efficiency of the economic activity via the unified technical, price and marketing policies.