OREANDA-NEWS. OAO Krasny Mozyrianin (based in Narovlia, Gomel Region) will have the government refund interest payments on a €1.231 credit drawn by the confectionery company from OAO Belagroprombank at 6% per annum in September 2010.

OAO Krasny Mozyrianin was supposed to use the loan for production upgrade. In exchange for receiving government support, the confectionery is expected to increase output and improve the profitability of sales.

Krasny Mozyrianin was established in 1913 as Narovlia confectionary. The company produces marmalade, marshmallow, toffee, marshmallow sticks and candies.