The Belarusian economy will be able to reach the targeted gross domestic product (GDP) figure this year, Belarusian Economy Minister Vladimir Zinovsky declared. “We should definitely fulfill the commitments undertaken by the government – GDP as high as 101.7%. Now the figure stands at 101.6%, but it doesn’t mean it cannot go lower, for instance,…
Once commissioned the nuclear power plant in Ostrovets will generate about 25% of electrical energy Belarus needs, Belarus’ Deputy Energy Minister Mikhail Mikhadyuk said at a plenary meeting of the 61st session of the IAEA General Conference in Vienna on September 19. He stressed that today many states pinned their hopes on nuclear energy as…
Belarus’ key lending rate was reduced to 11.5% per annum on September 13. The interest rate on standing and bilateral operations designed to keep up the current liquidity of Belarusian banks was reduced from 14% to 13% per annum. It is the seventh time Belarus’ central bank has reduced its refinancing rate this year. The…
Two Belarusian companies, namely OAO Mogilev Meat Packing Plant and OOO Veles-Meat, are launching frozen beef export to China, Aleksei Bogdanov, head of the Foreign Trade Department at the Belarusian Agriculture and Food Ministry, announced. “The first two Belarusian meat producers have started exporting beef to the Chinese market,” Aleksei Bogdanov said. “We are not…
Cooperation with India in pharmaceutics will help lower the prices for some medicines on the Belarusian market, Belarus Deputy Prime Minister Vladimir Semashko reported. “We need to search for options to lower drug prices. There is an absurd situation: some medicines in Belarus are several times more expensive that their foreign analogues. We should understand…
Minsk conducted export and import operations with 188 countries in 2016, the National Statistics Committee reported. Last year the Belarusian capital exported $8.1 billion worth of products, or 34.6% of the country’s aggregate exports. Minsk companies exported tractors and tractive units, trucks, chemical products, refrigerators and freezers, timber, component parts for trucks and tractors, buses,…
This year more than 600,000 railway containers from China will go to Europe via Minsk, Chengdu International Railway Port, a major hub of the Belt and Road project, reported. The railway port is able to secure an uninterrupted supply of Chinese goods to Europe. Both big and small Chinese companies ship their products. The journey…