Belarus’ OAO Keramin (based in Minsk, sanitary stoneware manufacturer) earned a net profit of Br3.754 million ($1.95 million) in H1 2016, down by 46.4% YoY, according to the Q2 report of the Finance Ministry’s Department for bonds and securities. Keramin’s sales proceeds totaled 69.895 billion rubles ($36.307 million), down by 1% YoY. The statutory capital…
The European Bank for Reconstruction and Development (EBRD) says it has implemented 245 projects in Belarus providing consultancy services for small and medium-sized businesses. More than 200 local and 1,000 international experts were engaged in SME consultancy projects in Belarus, the EBRD said in a press-release. In the framework of its SME consultancy program in…
The Belarusian Potash Company (BPC) says it has opened an affiliated company in Ukraine. BPC’s Agrorozkvit (literally stands for AgroRenaissance) started operating in Ukraine in October. BPC refers to Ukraine as a country with developed agriculture and hopes to ensure maximum coverage of the country’s potash market with the help of Agrorozkvit led by Dmitry…
Enterprises run by the Belarusian state petrochemical concern Belneftekhim increased their export to Tatarstan by nearly 50% in January-August. Belneftekhim representatives met with the top executives of the Russian company Nizhnekamskneftekhim on October 17. The Russian company is one of the largest partners of the Belarusian petrochemical industry in Tatarstan. Upon the relevant instructions of…
Belarus’ industrial output decreased by 1.7% YoY in January-September to 58.136 billion Belarusian rubles (Br), or $30.199 billion at the official rate of the National Bank, the National Statistical Committee (Belstat) reported. Production of coke, oil products and nuclear materials reduced by 9.3% YoY in January-September to 8.351 billion rubles ($4.338 billion). The output of…
According to initial evaluations, in January-September Belarus’ gross domestic product totaled Br69.3 billion or 97.1% as against January-September 2015 in comparable prices, the National Statistics Committee of Belarus reported. In January-September the deflator index of Belarus’ GDP totaled 108.2% as against the same period of last year. (BelTA/Business World Magazine)
The National Agency for Investments and Privatization (NAIP) has expanded until October 31, the deadline for bids from local and foreign companies interested in purchasing a 94.096% stake in OAO Minsk Margarine Factory, NAIP said in a release. NAIP views a potential strategic investor for Minsk Margarine Factory as a private company with the average…