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…

Belarus: GDP down in January-July 2016

Belarus’ gross domestic product (GDP) dropped by 2.7% YoY in January-July 2016 to 52.6 billion Belarusian rubles ($27.1 billion at the central bank’s exchange rate), an official with Belarus’ National Statistics Committee said. Industrial output in January-July fell by 2% YoY to Br45.1 billion ($23.2 billion). Farm output grew by 4.2% to Br6.2 billion ($3.2…

Belarus: capital investments down in January-July 2016

Belarus’ fixed-capital investments and investments in construction dropped by 20.6% YoY in January-July to Br9.2 billion ($4.8 billion), the National Statistics Committee (Belstat) said in a report. As much as 3.1 billion rubles ($1.6 billion) was spent on buying machines, equipment, and vehicles, down by 24.9% YoY. Investments in construction and assembly operations totaled Br5…

Belarus: potash exports to Poland up in H1 2016

Belarusian Potash Company (BPC) shipped 69,288 tons of potash fertilizers to Poland in January-June, up by 43% YoY. Potash export proceeds from Poland-bound shipments grew by 30% YoY, to $32.6 million. Established in September 2013, Belarus Potash Company (BPC) has regional dealerships in Delhi, Beijing, Singapore and Sao Paulo. BPC facilitates potash exports to Europe,…