Belarus: exports up in January-July 2018

In January-July Belarus’ export of goods and services went up by 18.8% YoY, to reach $23.7 billion, according to the statistical data published on the website of the National Bank. The foreign trade in goods and services made up $47.1 billion, up by 20.1%. The export totaled $23.7 billion, and the import exceeded $23.3 billion…

Belarus: gold and forex reserves up in August 2018

According to the preliminary data, Belarus’ gold and foreign currency reserves totaled $7,246.4 million as of September 1, if calculated in accordance with methods of the International Monetary Fund, the Information and PR Department of the National Bank of the Republic of Belarus reported. In August the country’s gold and foreign currency reserves went up…

Belarus: dairy export to China up in January-July 2018

Enterprises affiliated with the Belarusian Agriculture and Food Ministry increased dairy export to China 5.6-fold YoY in January-July, Aleksei Bogdanov, Head of the Central Office for Foreign Economic Activities of the Belarusian Agriculture and Food Ministry, declared. “In January-July Belarus’ farm export to China totaled $23.3 million, up 4.2-fold. Dairy was the biggest contributor. In…

Belarus: external debt down in January-July 2018

As of August 1 Belarus’ external debt totaled $16.5 billion, down by $179 million or by 1.1% from the beginning of the year (taking into account differences in currency exchange rates), the Finance Ministry reported. In January-July external state borrowings totaled $1,506 billion, including $600 million in eurobonds, $515.1 million borrowed from the Russian government…

Belarus: more beef to be sold to China

Belarus intends to sell more beef to China, representatives of the Embassy of Belarus in China reported after Belarusian Agriculture and Food Minister Leonid Zayats held a series of negotiations in Beijing. Leonid Zayats met with top executives of the China Meat Association (CMA), Great Silk Road Company, and Chengdu Haiyunda Company. The sides discussed…

Belarus: progress on building NPP good

The completion rate of the first unit of the Belarusian nuclear power plant stands at 80%, and that of the second unit – 60%, Mikhail Filimonov, Director General of the state enterprise Belarusian Nuclear Power Plant, declared. “The readiness of the Belarusian nuclear power plant is reflected by an integrated indicator resulting from a complicated…

Belarus: Belneftekhim exports up in H1 2018

In January-June the Belarusian state petrochemical concern Belneftekhim increased merchandise export by more than one fourth in comparison with H1 2017, the Belneftekhim press service reported after the concern’s board convened to review performance in the first half of the year. In H1 Belneftekhim’s merchandise export growth rate reached 128.5% as against January-June 2017, with…

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.…