Belarus: measures taken to resume dairy export to Russia

Belarus’ Agriculture and Food Ministry is taking measures to help its three enterprises regain access to the Russian market, Alexander Subbotin, Deputy Agriculture and Food Minister – Director of the Veterinary and Food Supervision Department, said. “Rosselkhoznadzor’s claims are about the quality of registration of the dried milk conformity declarations”, the deputy minister explained. “We…

Belarus: nearly 7 million tons of grains harvested

As of September 1, agricultural organizations of Belarus harvested grains and pulses throughout the areas of 2.067 million ha (98.1% of the plan). The average yield totaled 3.35 ton/ha, the Ministry of Agriculture of the Republic of Belarus declared. The harvested volumes reached 6.932 million tons of grains (taking into account buckwheat and millet), down…

Belarus to host investment forum focused on innovations, FDI and intellectual property rights

Belarus is due to host an investment forum in Minsk on September 29-30. Entitled “Broadening the Horizons: Investment, Finance, Development”, the forum will focus on innovations, inflow of foreign direct investments (FDI), and protection of intellectual property rights. The major goal of the forum is to discuss relevant aspects of investment cooperation and attract the…

Belarus: potash exports proceeds down in H1 2016

Belarus’ proceeds from potash exports fell by 38.3% YoY in January-June to $896.215 million, Belarus’ National Statistics Committee (Belstat) said in an official report. Potash export proceeds decreased as a result of a 22.19% drop in the physical volume of Belarusian potash supplies to 2.31 million tons (in terms of 100% potassium chloride). The average…

Belarus: liquefied gas export proceeds down in H1 2016

Liquefied gas exports by Belarus’ state oil and gas production monopoly Belorusneft edged down by 30.5% YoY in January-June to $73.7 million, a source in the profile ministry reported. Belorusneft runs a special facility, which produces liquefied gas. Belarus decreased liquefied gas export by 11.4% in January-June to 2,988,300 tons. Export proceeds decreased exclusively due…

Belarus: external state debt up in January-July 2016

As of August 1, Belarus’ external state debt totaled $13.3 billion, up by $847 million or by 6.8% since the beginning of the year (taking into account differences in currency exchange rates), representatives of the Belarusian Finance Ministry said. In January-July external state borrowings totaled $1.3 billion, including $800 million borrowed from the Eurasian Fund…

Belarus: IFRS to make corporate sector more transparent

Belarus’ move to adopt International Financial Reporting Standards (IFRS) and clarifications on January 1, 2017 will contribute to increasing the transparency of Belarus’ corporate sector for investors and creditors, Pavel Laschenko, EY Belarus Managing Partner, believes. The IFRS standards will acquire the same legal status as guidelines and provisions of the Finance Ministry of Belarus…

Belarus: Gomselmash deliveries to Ukraine up in 2016

Since the start of the year the Belarusian mechanical engineering company Gomselmash has delivered 150 grain and forage harvesters to Ukraine, up by 50 vehicles YoY, the First Deputy Director of the company’s regional sales department Igor Korotkevich reported. The exports mainly consisted of grain harvesters, including KZS-1218, KZS-812 that have already made a good…

Belarus to take part in EU4Energy program

Belarus will take part in the EU’s new program of technical support for the countries of the Eastern Partnership EU4Energy, the press service of the Energy Ministry reported. “Last week the Energy Ministry played host to a meeting between Director of the Energy Community Secretariat Janez Kopac and expert on renewable energy and energy efficiency,…

Belarus: MAZ to sell 100 buses to Russia

The Belarusian automaker Minsk Automobile Plant (MAZ trademark) will ship 100 buses to the Russian city of Kazan in the Republic of Tatarstan, representatives of the company said. The Belarusian low-floor large-capacity buses MAZ 203 will be used to transport passengers during the world football championship that will take place in Kazan in 2018. The…