Baltika Starts Reconstruction Of Minsk Brewery Krynitsa :: Charter'97 :: News

Russian brewing company “Baltika” has started a reconstruction of the Minsk brewery “Krynitsa”, which costs 50 million dollars. Press-service of the company informed that after the fulfillment of the first stage of the investment program, the output of the brewery would be equal to 10 millions decalitre a year. The final realization of the program will make it possible to produce 15 millions decalitre a year.

Let us remind that the decision about investing in the brewing branch of Belarusian industry was made this year in spring in Minsk during the meeting of A.Lukashenko and the executive general of the public joint-stock brewing company “Baltika” Taimuraz Bolloev.

Krynitsa brewery is almost completely a state property (the state owns 90% of its shares, and the personnel owns 10%). “Baltika” press-service has informed that possibly after selling the shares, a controlling stock will be purchased by “Baltika”. But there is no official statement of the company management on this issue.