Lithuanian firm quietly profits from Belarus's duty-free retail empire
A Lithuanian-registered company, Granza Mello Trading, has been operating a major duty-free retail chain in Belarus. The firm co-owns Belamarket Duty Free, a network of over 30 stores across the country. Its financial ties to the Belarusian government have drawn attention, particularly due to its partnership with a company linked to President Alexander Lukashenko's administration. Granza Mello Trading holds a controlling stake of 50.1% in Belamarket Duty Free. The remaining 49.9% belongs to Dipmarket, a company associated with Lukashenko's government. Despite claims of reduced activity, the Lithuanian firm reported €2 million in profits from its Belarusian operations last year.
The company's presence in Belarus remains largely undocumented in public records. No official details exist about its economic impact on local markets or the country's tax system. This lack of transparency makes it difficult to assess how any changes in its operations might affect Belarus.
Granza Mello Trading's role in the duty-free sector highlights its influence in a market closely tied to state-controlled interests. The partnership between a foreign entity and a government-linked firm raises questions about financial flows and regulatory oversight. Granza Mello Trading continues to operate in Belarus, managing a significant duty-free retail network. Its €2 million profit last year confirms ongoing commercial activity, despite limited public information. The company's relationship with a Lukashenko-affiliated partner remains a key aspect of its business structure.
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