Belarus: Bellesbumprom enterprises branch out into 12 new markets in 2016

Bellesbumprom enterprises branched out into 12 new markets in 2016, Bellesbumprom spokesperson Ruzhena Novitskaya said. “The export geography of Bellesbumprom enterprises included such new destinations as Bangladesh, Bahrain, Cameroon, Kenya, South Africa, Sri Lanka, Morocco, the UAE, Albania, Iraq, Israel, and Luxembourg. In January-November 2016, the enterprises of Bellesbumprom exported $268.5 million worth of products…

Belarus and Pakistan mull over joint ventures

Ambassador Extraordinary and Plenipotentiary of Belarus to Pakistan Andrei Yermolovich met with Tariq Fatemi, Minister of State for Foreign Affairs, Special Assistant to the Prime Minister of Pakistan, to discuss a wide range of matters of bilateral cooperation and review the status of implementation of the agreements signed during top-level visits, the press service of…

Belarus: Amkodor to raise output in 2016

The Belarusian mechanical engineering company Amkodor will raise its output by 65-70% in 2016 over 2015, the press service of the enterprise quoted Amkodor’s Deputy Director General for Economy and Finance Yelena Maximova as saying. “We have shown very good results in 2016. As against 2015, the industrial output went up by 65-70%. We ensure…

Belarus: external state debt up in January-November 2016

As of December 1, 2016 Belarus’ external state debt totaled $13.5 billion, up by $1.071 billion or by 8.6% since the beginning of the year (taking into account differences in currency exchange rates), representatives of the Belarusian Finance Ministry reportged. In January-November 2016 the external state borrowings totaled $1.76 billion, including $800 million borrowed from…

Belarus to start selling beef to China in Q1 2017

Belarus may start selling beef to China in Q1 2017, Belarusian Agriculture and Food Minister Leonid Zayats reported. The official noted that four Belarusian meat-processing companies had been reviewed and certified by Chinese experts. Another nine are willing to go through the same procedure. The Chinese side spoke in glowing terms about industrial standards of…

Belarus: budget for three years approved

The Council of Ministers of Belarus issued resolution No. 1094 on December 28, 2016 to enact the medium-term financial program of the central state budget for 2017-2019, the press service of the Belarusian government reported. The document stipulates a number of key economic indicators as well as social and economic development targets for the next…

Belarus to boost food exports to Russia in 2017

Belarus will sell more food to Russia in 2017 than in 2016, Belarusian Agriculture and Food Minister Leonid Zayats reported. The minister noted that the boards of the Belarusian Agriculture and Food Ministry and the Russian Agriculture Ministry decided on the amount of food supplies every year. “We set certain reference targets for Belarusian and…

Belarus: margarine output up in October 2016

According to the National Statistics Committee of the Republic of Belarus, output of margarine and similar food products increased to 1.5 KMT in October from 1.3 KMT in September. Margarine production in the ten months of 2016 (January-October) amounted to 13.1 KMT. Belarusian production of mayonnaises and other emulsified sauces fell to 1.6 KMT in…

Belarus: Mogilevliftmash exports up in January-November 2016

Belarus’ OAO Mogilevliftmash elevator plant reports a 15.3% increase in exports in January-November to $106.9 million, a company representative reported. Elevator exports grew by 28.4% to 10,109 units. The bulk of elevators was exported to Russia – 8,599 units (up by 27.9% YoY). Elevators are Mogilevliftmash’s major export product. Elevators manufactured by Mogilevliftmash are exported…

Belarus: FEZ Minsk registers composite materials manufacturer

Minsk Free Economic Zone (Minsk FEZ) hosted a resident – NanoComposite, which planned to produce polymer materials with nano particles.

Established in March 1998, Minsk FEZ is now home to 113 resident companies. (Prime-TASS/Business World Magazine)