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)

Belarus: corn and sugar beet harvesting continues

As of October 13, agricultural organizations in Belarus continued harvesting corn for grain and sugar beet, the Ministry of Agriculture and Food declared. In particular, agrarians harvested 377.6 thousand tons of corn throughout the areas of 47.3 thousand ha (26.7%), with the average yield of 7.99 ton/ha. Last year the grain production volumes totaled 174.4…

Belarus: Grodno Azot reports 0.7% drop in commodity output in January-September 2016

Belarus’ chemical company OAO Grodno Azot manufactured Br961.8 million worth of chemical products ($502.785 million) in January-September, down by 0.7% YoY, the company said in an official report. OAO Grodno Azot’s nitrogen fertilizer output stood at 593,633 tons (in terms of 100% nitrogen) in January-September, down by 4.6% YoY; carbamide output decreased by 5.2% to…

Belarus: Belenergo and Siemens sign strategic partnership agreement

The Belarusian national electrical company Belenergo and Siemens Company signed an agreement on strategic partnership and cooperation during the Belarusian Energy and Ecology Forum in Minsk on October 11. The document was signed by OOO Siemens Technologies Director General Maxim Zubov and Belenergo First Deputy Director General, Chief Engineer Alexander Sivak. Belenergo and Siemens intend…

Belarus: Gomselmash starts testing agricultural machines in Pakistan

The Belarusian mechanical engineering company Gomselmash has started testing its agricultural machines in Pakistan, Yuri Rafeyev, Director of Gomselmash’s Non-CIS Sales Department, reported. According to the source, Gomselmash is testing forage harvesters, which have already been shipped to Pakistan. Those are three mounted rotary mower conditioners Palesse SN15 and a trailed mower conditioner Palesse ST42.…

Belarus makes $32 million deal with Pakistan to supply 3,500 tractors in 2017

Belarus has signed a contract with Pakistan to supply 3,500 tractors worth more than $32 million in 2017, Minsk Tractor Plant (MTZ) said in a message posted on the manufacturer’s web site.

MTZ hopes to sell at least 5,000 Belarus tractors in Pakistan annually. (Prime-TASS/Business World Magazine)

Belarus: transit truck haulage down in H1 2016

Transit truck haulage across the territory of Belarus reduced by 0.8% YoY in H1 to 414,142 trips, the Belarusian Association of International Trucking Companies (BAMAP) reported. Belarusian trucking companies accounted for 15% of transit truck haulage in H1 2016, Russian truckers – 58.3%, Polish truckers – 18.3%, Lithuanian truckers – 8.3%. Transit truck haulage across…

Belarus: SvetlogorskKhimvolokno net profit up in H1 2016

The net profit of OAO SvetlogorskKhimvolokno (Svetlogorsk Chemical Fiber Plant) totaled Br22,000 in H1 2016, which makes an equivalent of $11,418, up by 10% YoY, according to the quarterly report released by the Finance Ministry’s Securities Department. SvetlogorskKhimvolokno’s revenues reached Br106.58 million in H1 2016 ($55.314 million), up by 18.5% YoY. The company’s only shareholder…

Belarus: banks’ distressed assets up

The share of distressed assets at Belarusian banks has grown by 8% since early 2016 to 15% at the moment. First Vice Chairman of the National Bank of Belarus (NBB) Taras Nadolny released these figures at the conference “The Role of the Export-Import Agency in the Belarusian Economy” on October 7 in Minsk. Stress test…

Belarus tries out Ukrainian rapeseed meal

Belarusian farmers have finished rapeseed harvesting. Oilseeds and their processed products self-sufficiency remains the topical issue in the country these days. Belarus reduced rapeseed planted area for the fourth consecutive season. Besides, rather bad wintering also had a negative impact on production. Consequently, rapeseed production declines along with increase in meals imports to Belarus, particularly…