Belarusian farmers have finished rapeseed harvesting. Oilseeds and their processed products self-sufficiency remains the topical issue in the country these days. Belarus reduced rapeseed planted area for the fourth consecutive season. Besides, rather bad wintering also had a negative impact on production. Consequently, rapeseed production declines along with increase in meals imports to Belarus, particularly…
Belarus decreased electricity exports to Lithuania by 6.6% YoY in January-July to 83.7 million kWh, according to official statistical reports. Belarus’ proceeds from electricity exports to Lithuania reduced by 5.8% to $4.885 million. Lithuania was the key and basically the only destination of Belarus’ electricity exports in 2015. Belarus plans to export to Lithuania around…
Belarus produced 465,600 peat briquettes in January-August, up by 19.2% YoY, the Energy Ministry of Belarus reported. In August peat briquette output totaled 77,200 tons, up by 12.5% YoY. Peat output totaled 1.416 million tons in January-August, up by 26% YoY. In August peat output grew by 62.4% to 199,700 tons. Peat in Belarus is…
In January-August Belarus decreased the import of merchandise and services by 10.9% YoY to $18.978 billion, according to the latest statistics released by the National Bank. In January-August Belarus’ foreign trade totaled $38.1 billion, down by 12.7% YoY. Belarus’ exports amounted to $19.159 billion (down by 14.4%), with imports at $18.978 billion (down by 10.9%).…
Belarus and China are considering opportunities for the implementation of joint projects in mechanical engineering. The prospects for the bilateral cooperation in this field were discussed during the recent meeting between Chairman of the State Science and Technology Committee of Belarus Alexander Shumilin and representatives of the Beijing Municipal Science and Technology Commission, the press…
There is a plan to transform the Belarusian Currency and Stock Exchange (BCSE) into a multifunctional financial institution, NBB First Vice Chairman Taras Nadolny said. The National Bank of Belarus plans to promote further development of the stock market and recommends Belarusian banks to be more active in entering the statutory capital of state-owned companies.…
Construction of Russia-led Turkish Stream gas pipeline will start in 2018, gas giant Gazprom CEO Alexei Miller reported. “A start to the project implementation has been given. Under our plan, construction will begin in 2018”, he said. Russia and Turkey signed an agreement to build the pipeline, which would consist of two branches with a…