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,…

Belarus: Minsk regional administration authorized to make concession deals at Yaminski segment of Liuban shale oil deposit

Minsk regional administration has been chosen to act as a state body authorized to make mining concession deals at the Yaminski segment of the Liuban shale oil deposit (Minsk region), in accordance with the government resolution No. 626 dated August 10. Minsk regional administration is also responsible for making mining concession deals at the Okolovskoye…

Belarus: potash exports to Ukraine up in H1 2016

Belarusian Potash Company (BPC) shipped 21,014 tons of potash fertilizers to Ukraine in January-June, up 2.2 times YoY. Potash export proceeds from Ukraine-bound shipments grew 2.1 times YoY to $9.2 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,…

Belarus: oil exports to Poland up in H1 2016

Belarus’ proceeds from exports of petroleum products to Poland grew 2.19 times YoY in January-June to $111.3 million, a source in the profile ministry reported. Belarus exported to Poland 326,339 tons of petroleum products in January-June, up 4.26 times YoY. Belarus exported 151,080 tons of petroleum products in 2015 (up 2.57 times YoY) worth $76.4…

Belarus: mini TPP to be built in Volkovysk

A mini thermal power plant worth $8.82 million burning locally available fuel will be built in Volkovysk (Grodno Region) at the expense of credit resources provided by the International Bank for Reconstruction and Development, the Energy Ministry of Belarus reported. They plan to launch the power plant by May 2018. The plan is to install…

Belarus: stepwise action to create single pharmaceutical market in EEU suggested

Belarus suggests taking stepwise action to create the single pharmaceutical market in the Eurasian Economic Union, Belarus’ Prime Minister Andrei Kobyakov said when speaking at an expanded-participation meeting of the Eurasian Intergovernmental Council in Sochi. Andrei Kobyakov noted that Belarus was concerned with the lack of progress in the development of the single internal market…