Belarus: SvetlogorskKhimvolokno and Maxi Foods ink cooperation agreement

The Belarusian artificial yarn manufacturer SvetlogorskKhimvolokno and the Hungarian retail chain Maxi Foods have signed a cooperation agreement. The document was signed during the presentation of the Belarusian economy at the international agriculture and food expo AGRA in the city of Gornja Radgona, Slovenia, the representatives of the Belarusian expo organization company BelInterExpo informed. Negotiations…

Belarus took part in Slovenia’s agricultural fair

Belarus’ national stand has been presented at the international fair of agriculture and food AGRA in Gornja Radgona, Slovenia on August 20-25, the press service of the Belarusian Ministry of Foreign Affairs informed. The Belarusian National Exposition has featured the Belarusian enterprises of Belneftekhim Concern, Minsk Tractor Plant, Gomselmash, Minsk Kristall Group, Savushkin Product, Santa…

Belarus: reserves to grow by $500 million in 2017

Belarus plans to increase its gold and foreign currency reserves by $500 million in 2017, Prime Minister Andrei Kobyakov said. It is a complex task but achievable, if the government and the National Bank coordinate their efforts, said Kobyakov. Belarus just needs to make an effective use of contacts and agreements with international financial institutions.…

Belarus: over 6.7 million tons of grains harvested

As of August 24, agricultural organizations of Belarus harvested grains and pulses throughout the areas of 2 million ha, the Ministry of Agriculture of the Republic of Belarus declared.

The average yield totaled 3.37 t/ha. The harvested volumes reached 6.733 million tons of grains, down by 1.81 million YoY.

(APK-Inform/Business World Magazine)

Belarus: Izobud advances to European market of energy efficient sandwich panels

Izobud, Belarus’ leading manufacturer of cutting-edge energy efficient sandwich panels, has branched out into the European market. The enterprise has signed contracts and delivered construction products to the Baltic countries and Sweden. The Belarusian manufacturer obtained a European certificate of conformity to the European EN14509:2014 standard. The quality of Izobud sandwich panels was praised by…

Belarus: producer prices up in July 2016

Belarusian producer prices in July increased by 0.5% MoM (up by 7.3% compared to the level of December 2015), the National Statistical Committee (Belstat) reported. Construction prices grew by 1.7% MoM in July (up by 1.2% compared to the level of December 2015). Freight tariffs (all means of transportation) decreased by 0.2% MoM in July…

Belarus: potash exports to Brazil up in H1 2016

Belarusian Potash Company (BPC) shipped 729,454 tons of potash fertilizers to Brazil in January-June, up by 32% YoY. Potash export proceeds from Brazil-bound shipments dropped by 15% YoY to $268.8 million. Founded in September 2013, Belarus Potash Company has regional dealerships in Delhi, Beijing, Singapore and Sao Paulo. BPC facilitates potash exports to Europe, India,…

Belarus to work with Egypt on joint production of medicines

Ambassador Extraordinary and Plenipotentiary of Belarus to Egypt Sergei Rachkov met with Egypt’s Minister of Health and Population Ahmed Rady, the press service of the Belarusian Ministry of Foreign Affairs reported. “The parties discussed promising areas of Belarusian-Egyptian cooperation in the field of healthcare, including the possibility of joint production of medicines, especially against Hepatitis…

Belarus: clothing sales to Russia and Kazakhstan up

Pinsk-based clothing manufacturing and trading association Polesye has recently increased its exports to Kazakhstan and Russia through its schoolwear supplies, Sergei Kasperovich, head of the company’s export department, reported. About 35,000 back-to-school items produced in Pinsk will go to Russian regions this summer. Polesye school clothes are on sale in stores of Moscow, Saint Petersburg,…

Belarus: potash exports to Turkey up in H1 2016

Belarusian Potash Company (BPC) shipped 32,589 tons of potash fertilizers to Turkey in January-June, up by 12% YoY. Potash export proceeds from Turkey-bound shipments dropped by 9% YoY to $13.5 million. Founded in September 2013, Belarus Potash Company (BPC) has regional dealerships in Delhi, Beijing, Singapore and Sao Paulo. BPC facilitates potash exports to Europe,…

Belarus: more preferences promised to China-Belarus industrial park resident companies

Belarus intends to offer even more preferences to resident companies of the China-Belarus industrial park Great Stone. Belarusian Economy Minister Vladimir Zinovsky made the statement before the session of the Belarusian-Chinese intergovernmental committee on cooperation on August 18. “We are preparing a draft presidential decree that will introduce serious changes into the document that regulates…

Belarus: Brest Household Chemicals Plant files for bankruptcy

The Economic Court of Brest Region has started bankruptcy proceedings regarding Brest Household Chemicals Plant, the Finance Ministry of Belarus said in a release.

The country’s largest manufacturer of household detergents, perfumery and cosmetics, Brest Household Chemicals Plant earned a net loss of Br406.9 million ($209.958 million) in Q1 2016. (Prime-TASS/Business World Magazine)

Belarus: oil products export to Latvia up in H1 2016

Belarus’ proceeds from exports of petroleum products to Latvia grew by 55% YoY in January-June to $57 million, a source in the profile ministry reported.

Belarus exported 154,235 tons of petroleum products in January-June to Latvia, up by 85% YoY. (Prime-TASS/Business World Magazine)

Belarus: Hotel Belarus in Grodno to be sold

Grodno authorities are making preparations to convert the state-owned Hotel Belarus into an open joint stock company and sell a stake to an investor, Grodno Regional administration said. Built in 1968, Hotel Belarus is an 8-storied building with 242 rooms. The hotel is located in the city center. Earlier Lithuania’s Arvi Group considered buying the…