Belarus to launch BelGee car factory in H1 2017

The Belarus-China car assembly company BelGee JV (based in Borisov, Minsk region) plans to launch its own car factory in the first half of 2017, Belarusian First Deputy Industry Minister Gennady Svidersky reported. The construction of a factory by the Belarusian-Chinese car assembly company BelGee is in the final stage, the new premises are ready,…

Belarus: oil export proceeds down in January-July 2016

Belarus’ proceeds from exports of domestic crude oil reduced by 32.3% YoY in January-July to $253.704 million, Belarus’ National Statistical Committee (Belstat) said in an official report. In January-July Belarus exported 945,900 tons of crude oil, up by 0.7% YoY. Belarus’ sole authority on oil exports is a state-controlled monopoly officially designated as Belorusneft. Germany…

Belarus: Kommunarka pays increasing attention to Chinese market

The Belarusian confectionery factory Kommunarka pays increasing attention to the Chinese market, Kommunarka Director General Ivan Danchenko said. Ivan Danchenko said that Belarusian confectionery products were underrepresented in China. This country accounts for a small share of Kommunarka’s exports. However, in recent years, the company has been paying increasing attention to this market. To attract…

Belarus: call for new spheres and forms of cooperation to step up trade with Latvia

The development of direct contacts between businessmen, manufacturers and government agencies of the two countries will allow advancing Belarus-Latvia economic cooperation to a new level. Ambassador Extraordinary and Plenipotentiary of Latvia to Belarus Martins Virsis made the statement as he met with top officials of the Gomel branch of the Belarusian Chamber of Commerce and…

Belarus: Omani businessmen seek cooperation with mechanical engineering companies

Omani businessmen show interest in establishing cooperation with Belarusian mechanical engineering companies, Chairman of the Belarusian Chamber of Commerce and Industry (BCCI) Vladimir Ulakhovich said. “Omani businessmen show interest in the flagship companies of our mechanical engineering industry. First economy class MAZ buses have already been shipped to this country. An agreement has also been…

Belarus: Belorusneft to sell engineering and advisory services to Oil India

The Belarusian industrial group Belorusneft has signed an engineering and advisory services contract with Oil India, the press service of the Belarusian company reported. Under the contract, Belorusneft will provide comprehensive technology-intensive services to rehabilitate the Digboi oil field, India’s oldest oil field. Industrial reserves of oil were discovered there back in 1889. As of…

Belarus: retail sales down in January-August 2016

Belarus’ retail turnover, including the public catering sector, went down by 2.9% YoY in January-August to 23.715 billion Belarusian rubles ($12.146 billion) in comparable prices, an official with the National Statistics Committee (Belstat) reported. Trade organizations accounted for 85.2%, and individual entrepreneurs and newly formed unitary companies accounted for the rest (14.8%). The trade turnover…