The Finance Ministry of Belarus forecasts that the country’s state debt will grow to 42% of the GDP by late 2016. Vice Minister of Finance Yuri Seliverstov made a statement to this effect at the conference “The Role of the Export-Import Agency in the Belarusian Economy” on October 7, in Minsk. Belarus’ state debt now…
The Individuals Deposit Guarantee Fund seeks to put 100% of corporate rights and intellectual rights to the trademark of the Yarych confectionary factory (Lviv region) up for sale. The fund said in a press release that loans of the company on the balance sheet of Bank Forum would be auctioned. The bank also has buildings…
The Belarusian mechanical engineering company Belkommunmash has offered St Petersburg (Russia) its electric buses for the 2018 FIFA World Cup, Belkommunmash Director General Vladimir Korol reported. “An agreement has been reached with St Petersburg on a trial operation of our electric buses. St Petersburg is interested in it, as the city is gearing up to…
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%).…