Belarus will continue negotiating its accession to the World Trade Organization (WTO), representatives of the Foreign Economic Affairs Department of the Belarusian Ministry of Foreign Affairs reported. The negotiations will be aimed at shaping and agreeing upon balanced and favorable terms of Belarus’ membership in the World Trade Organization. Work to that effect will be…
Belarus’ Council of Ministers approved of the national export promotion program for 2016-2020 and a roadmap for its implementation. The plan is outlined in Decree No. 604 of August 1, the press service of the Belarusian government reported. “The national program does not provide a detailed forecast for external trade in 2016-2020 but spells out…
Electrical power output of Belarus’ power generating companies reduced by 2.8% YoY in January-June, to 16.6 billion kilowatt-hours (kWh), an official with the National Statistics Committee of Belarus (Belstat) reported. Thermal energy output in H1 2016 went up by 0.9% YoY, to 32.8 million gigacalories. (Prime-TASS/Business World Magazine)
In July Belarus’ gold and foreign exchange reserves rose by $315.4 million if calculated in accordance with methods of the International Monetary Fund. According to preliminary data, the reserves totaled $4,629.6 million as of August 1, according to the Information and PR Department of the National Bank of the Republic of Belarus. In national terms…
There is a need to adapt to the natural conditions and make the most of them for agriculture, Belarus President Alexander Lukashenko said when talking to journalists during the working trip to Vitebsk Oblast. The President explained that the purpose of his working visit to Vitebsk Oblast was not to spur the harvesting campaign. “The…
Climate and environmental conditions in Belarus do not allow to fully develop the fat and oil industry of the country. From traditional oil crops for the Black Sea region weather conditions are more favorable for rapeseed cultivation. And even in this industry not everything is as rosy as one would like it to be. Along…
Branches of major Belarusian companies in the regions should be able to take care of the stability of their economic status. Prime Minister of Belarus Andrei Kobyakov made the statement during a working trip to Brest Oblast on August 3. “At present the situation is complicated in many enterprises located in the regions because the…