Belarus: foreign investment in economy at $4.7 billion in H1 2016

In January-June foreign investors injected $4.7 billion into the Belarusian economy, the National Statistics Committee informed. The primary investors were economic operators of Russia (50.2% of the investment), the UK (20.5%) and Cyprus (7.5%). Foreign direct investments amounted to $3.9 billion. In H1 2016 Belarusian economic operators (except for banks) transferred Br2 billion in investments…

Belarus: Belshina seeking equipment supplier

Belshina (Bobruisk, Mogilev Region) has announced a tender to choose an equipment supplier for its high-bay warehouse. The company plans to spend Br2.3 million ($1.163 million). The closing date for applications is September 15. Belshina wants to have the equipment supplied in the period from April 1 to June 30, 2017. The state-owned tyre manufacturer…

Belarus: BUCE accredits first non-resident broker

Nordic Industries (Lithuania) received trader and broker certificates of Belarusian Universal commodity Exchange (BUCE) on August 9, BUCE spokesman Roman Yaniv said. “Besides participation in exchange auctions Nordic Industries is expected to bring new Lithuanian companies to BUCE’s trading platforms and will promote commodity exchange services on the Lithuanian market. BUCE and Nordic Industries are…

Belarus: India to partake in potash production

India is ready to take part in the production of potash fertilizers in Belarus and their long-term purchase, Ambassador Extraordinary and Plenipotentiary of India to Belarus Pankaj Saxena said. The diplomat stressed that the potash sector was important for the Belarusian-Indian cooperation. “Belarus is a big producer of potash fertilizers. India should ensure food security…

Belarus: inflation up in July 2016

Belarus saw a 0.4% inflation growth in July and 7.8% in January-July, the National Statistics Committee (Belstat) said. In January Belarus’ consumer prices grew by 1.9%, in February – by 2.9%, in March – by 0.8%, in April – by 0.7%, in May – by 0.5%, in June – by 0.4%. In July Belarus’ consumer…

Belarus: oil refineries output up H1 2016

Belarusian oil refineries processed 11.937 million tons of crude in January-June, up by 0.5% YoY, Belneftekhim reported. In H1 Belarusian oil refineries increased output of the AI-95 petrol by 30%, kerosene – by 40%, bitumen – by 43.9%, compound fertilizers – by 52.4%, ethylene polymers – by 3.1%, truck and bus tyres – by 52.4%.…

Belarus: manufacturing output up in H1 2016

State support helped the companies affiliated with the Industry Ministry increase output, Belarus’ Prime Minister Andrei Kobyakov said. “Support provided to the companies of the Industry Ministry during this complicated period helped them increase the output by 0.7% over 2015 and 1.4% in January-July 2016. Backlog of inventories was reduced by almost Br2 trillion (non-redenominated)”,…

Belarus: grains harvests down

As of August 9, agricultural organizations of Belarus harvested grains and pulses throughout 1.484 million ha, or 67.2% of the planned areas, down by 48.5 thousand ha YoY. The average yield totaled 3.47 t/ha, the harvested volumes – 5.146 million tons of grains, the Ministry of Agriculture of the Republic of Belarus declared. Agrarians have…

Belarus: Tajikistan interested in buying more agricultural machines

Economy Ambassador Extraordinary and Plenipotentiary of Belarus to Tajikistan Oleg Ivanov met with the Chairman of the Board of the Eurasian Development Bank (EDB) Dmitry Pankin and Deputy Agriculture Minister of Tajikistan Zevarsho Zevarshoyev, the press service of the Belarusian Ministry of Foreign Affairs reported. Participants of the meeting were made familiar with progress in…

Belarus: BelOil redirecting export flows

Belarus Petroleum Company (BelOil) has redirected part of its export routes from Ukrainian ports to Lithuania’s Klaipeda, a source in the profile ministry said. The redirection is connected with more favorable logistic conditions. Belarus Petroleum Company (BelOil) was founded in May 2007. The main shareholder is Belorusneft (52% of shares), with Naftan and Mozyr refineries…