Belarus-based manufacturers of alcoholic beverages and beer are free to choose when to pay excise taxes to the state budget: after they ship goods to consumers, or after they receive payment for the goods shipped. Belarus’ head of state has adopted an ordinance to sustain the current practice in 2017-2018. Other Belarusian manufacturers are supposed…
Belarus’ gross domestic product (GDP) dropped by 2.7% YoY in January-July 2016 to 52.6 billion Belarusian rubles ($27.1 billion at the central bank’s exchange rate), an official with Belarus’ National Statistics Committee said. Industrial output in January-July fell by 2% YoY to Br45.1 billion ($23.2 billion). Farm output grew by 4.2% to Br6.2 billion ($3.2…
Belarus’ fixed-capital investments and investments in construction dropped by 20.6% YoY in January-July to Br9.2 billion ($4.8 billion), the National Statistics Committee (Belstat) said in a report. As much as 3.1 billion rubles ($1.6 billion) was spent on buying machines, equipment, and vehicles, down by 24.9% YoY. Investments in construction and assembly operations totaled Br5…
Belarus’ chemical company OAO Grodno Azot has been receiving equipment made by Germany’s ThyssenKrupp Industrial Solution to be installed at a new nitric acid plant, which is currently under construction, a Grodno Azot official reported. In early 2016 Grodno Azot started an active phase of the project worth $170 million to build a nitric acid…
Belarus’ petrol exports to Russia grew 19 times MoM in July to 27,034 tons, Kortes Business Analysis Centre said in a report citing railway transport statistics. Belarus supplied 1,386 tons of automobile petrol to Russia in June. The sharp increase in petrol supplies from Belarus to Russia was prompted by a decline in petrol prices…
Belarusian Potash Company (BPC) shipped 69,288 tons of potash fertilizers to Poland in January-June, up by 43% YoY. Potash export proceeds from Poland-bound shipments grew by 30% YoY, to $32.6 million. Established in September 2013, Belarus Potash Company (BPC) has regional dealerships in Delhi, Beijing, Singapore and Sao Paulo. BPC facilitates potash exports to Europe,…
Revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the project of development of the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields totaled $119.779 billion from 2001 to August 1, 2016. SOFAZ said its revenues from the project totaled $2.77 billion in January-July. Out of this, $465 million accounted for July. A contract…