In 2016 Belarus demonstrated the lowest index of rapeseed production during 8 recent years. But since the beginning of the current season, the oilseed import volumes were estimated as quite moderate, due to the higher offer prices of imported rapeseed in comparison with the Belarusian oilseed, as well as price environment of the rapeseed oil…
The European Union (EU) is preparing a new program aimed at supporting small and medium-sized enterprises (SMEs) in Belarus and the vocational training system. Head of the European Union Delegation to Belarus Andrea Wiktorin made a statement to this effect in a speech at the Kastrycnicky Economic Forum (KEF-2016). Referring to SMEs as the backbone…
Belarus’ proceeds from exports of petroleum products to Poland grew 3.4 times YoY in January-September to $149.3 million, a source in the profile ministry reported. Belarus exported 413,850 tons of petroleum products to Poland, up 5.2 times YoY. Belarus exported 151,080 tons of petroleum products in 2015 (up 2.57 times YoY) worth $76.4 million (down…
In October Belarus’ gold and foreign exchange reserves rose by $62.1 million if calculated in accordance with methods of the International Monetary Fund. According to preliminary data, the reserves totaled $4,817.1 million as of November 1, the Information and PR Department of the National Bank of the Republic of Belarus reported. In national terms the…
As many as 323 partially or fully state-owned agribusiness companies in Belarus are subject to pre-trial financial readjustment, while another 102 farms face bankruptcy, in accordance with the government’s resolution No. 889 dated October 31. As previously reported, Belarus authorities gave the green light to selling or leasing insolvent state-owned farms and agricultural companies. Belarus’…
Participants of the session of the Council of Ministers Presidium discussed the concept of the bill on power engineering. The session was chaired by Prime Minister of Belarus Andrei Kobyakov, the press service of the Belarusian government reported. The Prime Minister pointed out that it was the second time the matter had been submitted for…
Belarus’ government has the terms of VAT deduction with regard to goods imported by business companies. In accordance with President Lukashenko’s ordinance #396 dated October 28, Belarusian entities, which import products and sell them on the home market in an unmodified condition, shall have their import VAT deduction delayed by 60 days (down from 90…