Belarus: trade with Sweden up in H1 2018

The trade between Belarus and Sweden reached $83.8 million in H1, up by 28.9% YoY, according to the website of the Belarusian embassy in Sweden. The Belarusian export grew by 73.1%, to $24.4 million. The supplies of Swedish products to Belarus increased by 16.7%, to $59.4 million. Belarus’ main exports to Sweden included potash fertilizers,…

Belarus: GDP growth projected at 4.1% in 2019

Belarus’ target economic development scenario suggests that GDP growth will be 4.1% in 2019. This is envisaged by the draft projections of the social and economic development of Belarus in 2019, Deputy Economy Minister Alexander Chervyakov said at an expanded-participation session of the Economy, Budget, and Finance Commission of the Council of the Republic of…

Belarus: cement exports resumed

Belarus has resumed cement exports, Belarus’ Architecture and Construction Minister Anatoly Cherny said. Belarus faced the lack of cement on the domestic market in May-June due to its volume being almost sold out, the minister said. Importers began to increase the price on the domestic market, and the consumer demand for the Belarusian product, which…

Belarus: plans to set up light industry joint ventures discussed with Uzbekistan

Representatives of the Belarusian state light industry concern Bellegprom and the light industry association of Uzbekistan have discussed the establishment of joint ventures, according to the Bellegprom website. A Bellegprom delegation led by the concern’s Chairman Nikolai Yefimchik is in Uzbekistan on a visit. The delegation held negotiations with members of the Cabinet of Ministers…

Belarus: export of medical services to increase following extension of visa-free entry program

Belarus’ Health Ministry expects an increase in the export of medical services in the wake of the extension of visa-free entry, Dmitry Kalistratov, head of business, pricing and state property at the Health Ministry, reported. According to him, the export of medical services increased significantly once the country launched a five-day visa-free program. In some…

Belarus: champignon supplies to Russia discussed

The Agriculture and Food Ministry of Belarus is holding talks with the Federal Service for Veterinary and Phytosanitary Surveillance of Russia (Rosselkhoznadzor) to settle issues over supplies of champignons, the ministry reported. “Director of the Main State Inspectorate for Seed Production, Quarantine and Plant Protection of the Agriculture and Food Ministry Alexander Piskun is in…

Belarus: Belkommunmash mulls over electrobus production in Egypt

Possible supplies and joint production of Belkommunmash electric buses were discussed during a visit of the company’s delegation led by Director General Vladimir Korol to Egypt, the Belarusian embassy in Egypt reported. Belkommunmash representatives met with the authorities of the Ministry of Trade and Industry, the Military Industry Organization of Egypt, the Alexandria Passenger Transportation…

Belarus: farm exports to Asia and Oceania up in January-May 2018

Enterprises affiliated with the Agriculture and Food Ministry increased exports 2.4-fold to the countries of Asia and Oceania in January-May, Aleksei Bogdanov, Head of the Central Office for Foreign Economic Activities of the Belarusian Agriculture and Food Ministry, reported. “Work on export diversification continues. We have seen positive dynamics practically on all tracks except Russia.…

Belarus: retail sector up in H1 2018

In January-June the retail sector in Belarus expanded by 9.3% YoY, to Br21 billion, the National Statistics Committee reported. In H1 wholesale trade totaled Br44.4 billion, up by 6.8%. In January-June one-day retail sales per capita made up Br12.2 as against Br10.9 in January-June 2017. Retail trade by trade companies accounted for 88.9% of the…

Belarus: beef and poultry meat to be sold to UAE

Belarus intends to sell beef and poultry meat to the United Arab Emirates. The statement was made by Belarusian Deputy Agriculture and Food Minister Igor Brylo after negotiations with Director General of the Emirates Authority for Standardization and Metrology (ESMA) Abdulla Al Maeeni. Igor Brylo said: “Belarus intends to sell dairy products, beef, and poultry…

Belarus: BelAZ opens truck maintenance center in Russia’s Sverdlovsk region

The Belarusian automobile engineering company OAO BelAZ has opened a modern technical support center in Russia’s Ural Federal District, the press service of the Belarusian Industry Ministry reported. The center for repairing and maintaining BelAZ mining vehicles was opened in the city of Berezovsky, Sverdlovsk region. The center had been built by BelTransLogistik Company, an…

Belarus: Belarusbank opens branch in Great Stone

A state-of-the-art Belarusbank branch has been opened in the China-Belarus industrial park Great Stone. Belarusbank Deputy Chairwoman of the Board Svetlana Kozhekina stressed: “It is a particularly important branch because it will become the face of the entire bank not only in the industrial park but for all our present and future partners from China.…

Belarus: Russian Sberbank pleased with results

Belarus is turning into a stably profitable investment destination, Sberbank President, Chairman of the Board German Gref has said. German Gref noted that the bank found a stable and lucrative investment market in Belarus. “The operations in Belarus generated a 17% return on capital last year, which is pretty good for the banking sector, although…

Belarus: 700 tractors sold to Lithuania in 2017

Belarus-made agricultural machines traditionally sell well in Lithuania. Ambassador of Belarus to Lithuania Alexander Korol made the relevant statement. The diplomat said: “About 700 tractors were sold in Lithuania last year alone. Lithuanian farmers unwaveringly prefer Belarusian machines. The Belarusian tractor maker MTZ has a representative office in Lithuania.” Alexander Korol is convinced that when…

Belarus: machinery exports to Indonesia to increase

Belarus has plans to increase machinery exports to Indonesia and to create new cooperative relationships with Indonesian companies, Ambassador Extraordinary and Plenipotentiary of Belarus to Indonesia Valery Kolesnik said. Belarusian manufacturers can meet the needs of Indonesia’s mining industry. Since 2012 nine BelAZ mining trucks with the lifting capacity of 45 tons have been operating…

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…