Belarus: trade turnover with Poland up in January-August 2016

Belarus’ trade turnover with Poland grew by 10% in January-August, the Belarusian government said in a press-release following the latest meeting of the Belarusian Prime Minister Andrei Kobyakov and Poland’s Vice Premier Mateusz Morawiecki. While meeting with the Polish vice premier, Kobyakov suggested that the parties should go further than just expanding export/import transactions and…

Belarus and Yaroslavl region agree to advance cooperation

Belarus and Russia’s Yaroslavl region have agreed to advance relations in manufacturing cooperation, road construction and pharmaceutics, the press service of the Embassy of Belarus in Russia reported. A Belarusian delegation led by Industry Minister Vitaly Vovk visited Yaroslavl region on October 20. The delegation included representatives of government agencies, industrial enterprises and their distributors…

Belarus: UNDP transfers sapropel extraction equipment to Zhitkovichikhimservis Company

Zhitkovichikhimservis Company, which implements a pilot project to produce highly efficient organic fertilizers through advanced sapropel processing, has received modern equipment for sapropel processing. The equipment transfer was facilitated in the framework of the Green Economy Project run by the European Union and the UNDP. The equipment transferred during a special ceremony on October 20,…

Ukraine: imports of rye from Belarus resumed

According to the official statistics figures, in September Ukraine imported 4.5 thousand tons of rye, including 90% of the grain of Belarusian origin. In March-July Ukraine purchased Belarusian rye at rather large-scale cargo lots (2.2-5.3 thousand tons per month), but in July-August the country bought small-scale shipments of rye from the EU (379 tons only).…

Belarus: Mogilev region and Turkey to strengthen cooperation

Belarus’ Mogilev region and Turkey are set to strengthen their interaction. Matters of bilateral cooperation were discussed during a meeting between Mogilev region Governor Vladimir Domanevsky and Ambassador Extraordinary and Plenipotentiary of Turkey to Belarus Kezban Nilvana Darama on October 18. Kezban Nilvana Darama said that there were great prospects for the development of the…

Belarus: investment potential to be presented at Eurasian Forum in Verona

The economic and investment potential of Belarus will be presented at the fifth edition of the Eurasian Forum in Verona, Italy on October 21, spokesman for the Belarusian Ministry of Foreign Affairs Dmitry Mironchik reported. Belarus’ Deputy Minister of Foreign Affairs Yevgeny Shestakov, who co-chairs the Belarusian-Italian commission for economic cooperation, is attending the forum.…

Belarus: corn crop to triple

Cold air temperature, falling below zero at night on the major part of the Belarus contributed to slower vegetation processes of grain crops and winter rapeseed. In the first half of October sum of effective temperatures (above +5 degrees C) totaled about 40-60 C‘, up by 10-20 CYoY. Winter crops sown in mid-September are at…

Belarus: Keramin net profit down H1 2016

Belarus’ OAO Keramin (based in Minsk, sanitary stoneware manufacturer) earned a net profit of Br3.754 million ($1.95 million) in H1 2016, down by 46.4% YoY, according to the Q2 report of the Finance Ministry’s Department for bonds and securities. Keramin’s sales proceeds totaled 69.895 billion rubles ($36.307 million), down by 1% YoY. The statutory capital…

Belarus: EBRD implements 245 SME consultancy projects

The European Bank for Reconstruction and Development (EBRD) says it has implemented 245 projects in Belarus providing consultancy services for small and medium-sized businesses. More than 200 local and 1,000 international experts were engaged in SME consultancy projects in Belarus, the EBRD said in a press-release. In the framework of its SME consultancy program in…

Belarus: BPC opens affiliate in Ukraine

The Belarusian Potash Company (BPC) says it has opened an affiliated company in Ukraine. BPC’s Agrorozkvit (literally stands for AgroRenaissance) started operating in Ukraine in October. BPC refers to Ukraine as a country with developed agriculture and hopes to ensure maximum coverage of the country’s potash market with the help of Agrorozkvit led by Dmitry…

Belarus: Belneftekhim exports to Tatarstan up in January-August 2016

Enterprises run by the Belarusian state petrochemical concern Belneftekhim increased their export to Tatarstan by nearly 50% in January-August. Belneftekhim representatives met with the top executives of the Russian company Nizhnekamskneftekhim on October 17. The Russian company is one of the largest partners of the Belarusian petrochemical industry in Tatarstan. Upon the relevant instructions of…

Belarus: industrial output down in January-September 2016

Belarus’ industrial output decreased by 1.7% YoY in January-September to 58.136 billion Belarusian rubles (Br), or $30.199 billion at the official rate of the National Bank, the National Statistical Committee (Belstat) reported. Production of coke, oil products and nuclear materials reduced by 9.3% YoY in January-September to 8.351 billion rubles ($4.338 billion). The output of…

Belarus: GDP down in January-September 2016

According to initial evaluations, in January-September Belarus’ gross domestic product totaled Br69.3 billion or 97.1% as against January-September 2015 in comparable prices, the National Statistics Committee of Belarus reported.

In January-September the deflator index of Belarus’ GDP totaled 108.2% as against the same period of last year. (BelTA/Business World Magazine)