![#](https://e-malt.com/Images/left_top_corner16x200.gif) | E-Malt.com News article: Belarus: Krinitza brewery receives $28 million from Government![Brewery news](https://e-malt.com/Images/BeerBullet2.gif)
OAO “Krinitza” will receive a Guvernment loan of Br62.4 billion ($28 million), according to Grigory Petkevici, brewery’s general director, Interfax reported March 5.
The loan is designated to further reconstruction and technical retooling of the brewery in order to reach a production capacity of 2.4 million hectolitres in 2009.
This means that the company will be developed by the Belarusian state and don’t longer need a foreign investor.
In 2007, Krinitza brewery produced 1.45 mil hl of beer, which is 8.1% less than in 2006. For 2008 the company plans a production of 1.65-1.67 mil hl of beer.
07 March, 2008
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