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“Belkniga” and “Gomelkniga” to be jointstockisized

Book-selling unitary companies “Belkniga” and “Gomelkniga” will be jointstockisized by the end of 2005, the press-service of the economy ministry told BelTA. The two companies are supervised by the information ministry. The two are not monopolists. “Belkniga” carries out whole-sale and retail trade in publications, stationery and school-related articles. “Gomelkniga” is involved in retail trade in books, newspapers and stationery and whole-sale of stationery. The companies employ 431 and 85 correspondingly. According to the economy ministry, the authorized fund of “Belkniga” is expected to race above Br3,2 billion. The fixed assets of the company are to surpass Br2,8 billion. The balance sheet profit is Br66,2 million and bills payable of “Belkniga” – about Br6,8 billion, while bills receivable – Br92,6 million. The “Gomelkniga” authorized fund is thought to account for Br507,9 million. The fixed assets are projected at Br409 million. The balance sheet profit amounts to Br1,5 million. Bills payable are Br737,2 million, while bills receivable – Br11,2 million.