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…

Belarus to continue WTO accession talks

Belarus will continue negotiating its accession to the World Trade Organization (WTO), representatives of the Foreign Economic Affairs Department of the Belarusian Ministry of Foreign Affairs reported. The negotiations will be aimed at shaping and agreeing upon balanced and favorable terms of Belarus’ membership in the World Trade Organization. Work to that effect will be…

Belarus: exports to go up by 2020

Belarus’ Council of Ministers approved of the national export promotion program for 2016-2020 and a roadmap for its implementation. The plan is outlined in Decree No. 604 of August 1, the press service of the Belarusian government reported. “The national program does not provide a detailed forecast for external trade in 2016-2020 but spells out…

Belarus: electrical power output down H1 2016

Electrical power output of Belarus’ power generating companies reduced by 2.8% YoY in January-June, to 16.6 billion kilowatt-hours (kWh), an official with the National Statistics Committee of Belarus (Belstat) reported.

Thermal energy output in H1 2016 went up by 0.9% YoY, to 32.8 million gigacalories. (Prime-TASS/Business World Magazine)

Belarus: gold and forex reserves up in July 2016

In July Belarus’ gold and foreign exchange reserves rose by $315.4 million if calculated in accordance with methods of the International Monetary Fund. According to preliminary data, the reserves totaled $4,629.6 million as of August 1, according to the Information and PR Department of the National Bank of the Republic of Belarus. In national terms…

Belarusian and Kazakh forestry industries eager to advance cooperation

Forestry industries of Belarus and Kazakhstan intend to advance scientific, technical, trade and economic cooperation. The agreement was reached when a Belarusian delegation led by Forestry Minister Mikhail Amelyanovich met with Deputy Agriculture Minister of Kazakhstan Yerlan Nysanbayev, the press service of the Belarusian Ministry of Foreign Affairs reported. Representatives of forestry enterprises and organizations,…