Belarus: localization at BelGee at 50%

Localization at the Belarusian-Chinese car manufacturing joint venture BelGee has reached virtually 50%. Belarusian Industry Minister Vitaly Vovk made the relevant statement. When asked when the joint venture would reach the 50% localization target, the official noted: “We have virtually reached the goal.” Vitaly Vovk said that two enterprises were launched together with the holding…

Belarus: BelAZ exports up in January-May 2018

In January-May the Belarusian automaker BelAZ increased its exports by almost 58.9% in comparison with the same period a year before, the company reported. In January-May the company exported 96% of the output. The growth of supplies to Russia went up by 46.4%, and to the CIS countries (excluding Russia) – 3.3-fold. The leading consumers…

Belarus: MAZ to ship 100 buses to Ukraine

The Ukrainian city of Lvov will acquire 100 urban buses from the Belarusian automobile engineering company MAZ. The buses will be assembled and shipped to Ukraine by the end of the year, the company’s representatives reported. The buses are meant for the Ukrainian city’s mass transit system operator. They will be used to transport passengers…

Belarus: every batch of products undergoing laboratory control

Every batch of Belarusian products undergoes laboratory control, Belarus’ Agriculture and Food Minister Leonid Zayats declared. “We trade with 85 countries today. Not a single state has complaints regarding the quality of our products. Before shipping products, each batch undergoes control in accredited laboratories,” Leonid Zayats said. “The laboratories employ highly qualified specialists that check…

Belarus: gold and forex reserves at $6.94 billion

According to the preliminary data, Belarus’ gold and foreign exchange reserves totaled $6.94 billion as of June 1, the Information and PR Department of the National Bank of the Republic of Belarus (NBRB) reported. According to the preliminary data, Belarus’ international reserve assets made up $6.939 billion as of June 1. In May the country’s…

Belarus: food exports up in January-April 2018

Belarus’ food exports rose by 9.3% YoY in January-April, Belarus’ Agriculture and Food Minister Leonid Zayats declared on the sidelines of the international agriculture expo Belagro 2018. “Belarus’ agriculture industry has shown positive dynamics during the period under review. Gross output increased by 3.5%. The production of milk went up by 80,000 tons, that of…

Belarus: meat and milk supplies to China to increase

Belarus is ready to increase meat and milk supplies to China, Belarus’ Prime Minister Andrei Kobyakov said. “China is the world’s largest food importer. Experts predict the further growth of the Chinese meat and dairy market. Belarus is ready to offer high-quality and eco-friendly products to Chinese consumers,” Andrei Kobyakov said. China has been actively…

Belarus: trade with Israel up in 2017

In 2017 the Belarus-Israel trade rose by more than 50%, the Belarusian Embassy in Israel reported. On May 21-22 an official delegation headed by Belarus Deputy Prime Minister Mikhail Rusy visited Israel for the 6th meeting of the joint Belarusian-Israeli committee on trade and economic cooperation. “During the meeting the parties reviewed the economic cooperation…

Belarus: milk and juices popular in Chinese Wuhan

Belarusian milk and juices sell well in the Chinese city of Wuhan, Hubei Province, Yilin Zhang, head of the international economic ties department at Wuhan-Hankou Logistics Company, declared. The executive said that the company started buying milk and juices from Belarus in 2016 and increased import in 2017. The Belarusian dairy company Savushkin Product is…

Belarus: agricultural output up in January-April 2018

The agricultural output in Belarus’ enterprises of all categories in current prices reached Br3.4 billion in January-April, up by 1.5% YoY in comparable prices, the National Statistics Committee reported. The agricultural enterprises manufactured Br3.3 billion worth of products, up by 2%. The enterprises of all categories produced 607,400 tons of livestock and poultry (live weight),…

Belarus: CITIC Bank eager to buy local bank

China CITIC Bank is interested in buying a Belarusian bank. The idea was discussed as Prime Minister of Belarus Andrei Kobyakov met with a delegation of the Chinese corporation CITIC Group led by President Wang Jiong. According to Andrei Kobyakov, the possibility of buying a share in a Belarusian bank has already been discussed with…

Belarus: Mogilev meat and dairy producers seek to tap into Japanese market

Mogilev companies are planning to branch out into the Japanese meat and dairy market. Relevant contracts may be concluded at the first Belarusian-Japanese economic forum in Japan on May 9-11, Ambassador Extraordinary and Plenipotentiary of Belarus to Japan Ruslan Yesin announced. “The forthcoming forum will include meetings between Mogilev meat and dairy producers and Japanese…

Belarus: gold and forex reserves up in April 2018

Belarus’ gold and foreign exchange reserves exceeded $7 billion as of May 1, the Information and PR Department of the National Bank of the Republic of Belarus (NBRB) reported. According to the preliminary data, Belarus’ gold and foreign exchange reserves, if calculated in accordance with methods of the International Monetary Fund, totaled $7.038 billion (in…