Belarus: Belarusbank signs memorandums of understanding with Afreximbank and SID Banka

BelarusBy admin 2016-12-13 Leave a comment

Belarus’ largest commercial bank OAO Belarusbank has signed memorandums of understanding with African Export-Import Bank and Slovenian SID Banka during Belarusbank’s conference in Frankfurt (Germany), the bank’s press service reported. The conference gathered around 100 representatives of the World Bank, German financial institutes and insurance companies, as well as representatives of such institutions of Italy,…

Belarus: inflation growth at 0.8% in November 2016

BelarusBy admin 2016-12-13 Leave a comment

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 – by 0.4%, while August saw a 0.1% deflation. In September consumer prices resumed growth at 0.7%, and at 0.8%…

Belarus: foreign trade surplus at $238.2 million in January-October 2016

BelarusBy admin 2016-12-13 Leave a comment

The overall turnover of commodities and services in foreign trade shrank by 10.5% YoY in January-October to $48.73 billion. Exports of commodities and services reduced by 11.4% YoY to $24.48 billion, and imports decreased by 9.5% to $24.24 billion. According to the NBB, the deficit of foreign trade in goods totaled $1.756 billion compared to…

Belarus: government to boost trade with Russia

BelarusBy admin 2016-12-09 Leave a comment

The government of Belarus and the Russian state corporation “Bank for Development and Foreign Economic Affairs” (Vnesheconombank) plan to sign a memorandum of understanding to set up an integration development platform. The relevant decision is laid down by Council of Ministers’ executive order No. 994 of December 5. The document will be signed to promote…

Belarus: gold and forex reserves up in November 2016

BelarusBy admin 2016-12-08 Leave a comment

In November Belarus’ gold and foreign exchange reserves rose by $21.2 million if calculated in accordance with methods of the International Monetary Fund. According to preliminary data, the reserves totaled $4,838.0 million as of December 1, the Information and PR Department of the National Bank of the Republic of Belarus reported. In national terms the…

Belarus: snow to protect winter crops from low temperatures

BelarusBy admin 2016-12-08 Leave a comment

The weather conditions are fair at the onset of winter crops’ dormancy. Most fields in the country are covered with 5-2 cm of snow. The soil is not frozen deeply yet, mostly to 1-8 cm; this depth reaches 10-13 cm just in some areas of Belarus. Soil temperatures at the tillering node of winter cereals…

Belarus to increase supplies of agricultural machinery to Nicaragua

BelarusBy admin 2016-12-07 Leave a comment

Belarus plans to increase supplies of agricultural machinery to Nicaragua. This matter was discussed during a working visit of Ambassador Extraordinary and Plenipotentiary of Belarus to Ecuador Igor Poluyan to Nicaragua, the press service of the Belarusian Ministry of Foreign Affairs reported. In Managua, the Belarusian diplomat met with the Deputy Minister of Foreign Affairs,…

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