Belarus: inflation to go down to 5% soon

The inflation rate in Belarus can be reduced to 5% in the near future, Economy Minister Vladimir Zinovsky reported. “The inflation target for 2017 is under 9%. However, the consumer price index rose at a slower pace, which gives reason to expect the inflation to trend around 7%. The most important thing is to make…

Belarus: exports up in January-May 2017

In January-May Belarus’ export of goods and services went up by 20.6% YoY, to $13.553 billion, according to the website of the National Bank of the Republic of Belarus. In January-May Belarus’ foreign trade in goods and services amounted to $26.841 billion (up by 18.1% YoY). Export of goods and services totaled $13.553 billion (up…

Belarus: enterprise to start assembling agricultural machines in Tajikistan

There are plans to start assembling Belarusian agricultural machines in Tajikistan in autumn, Ambassador Extraordinary and Plenipotentiary of Belarus to Tajikistan with concurrent accreditation to Afghanistan Oleg Ivanov reported. The ambassador took part in a seminar for heads of diplomatic missions and consular institutions of Belarus. Products of such Belarusian brands as Bobruiskagromash, MTZ, and…

Belarus: GDP to increase in 2017

Eurasian Development Bank (EDB) expects that Belarus’ GDP will go up by 1.3% YoY in 2017, EDB’s July macroeconomic review says. “The economic recovery trend in Belarus continues. In January-May, the country’s GDP rose by 0.9% as against the same period of 2016. We expect that the positive tend will persist, and Belarus’ GDP will…

Belarus: Slavkaliy to sell products only via BPC

Slavkaliy will sell its products only via Belarusian Potash Company (BPC), Slavkaliy’s Chairman of the Board Mikhail Gutseriyev reported. When asked about possible cooperation with Uralkali, Mikhail Gutseriyev said: “We are going to work and sell only via Belarusian Potash Company. We are not going to compete with Belaruskali in any way.” According to Mikhail…

Belarus: light industry companies seal $112 million worth of deals at Forum of Regions

The Bellegrom Concern companies have signed some contracts worth a total of $112 million with their Russian partners during the fourth Forum of Regions of Belarus and Russia, according to Bellegprom’s official website. The forum comprised a fair that featured the products of 15 Bellegprom companies, namely Baranovichi Cotton Production Amalgamation, Lenta, Rechitsa Textile, Nadex,…

Belarus to sell electric buses to Moscow

Negotiations are in progress on selling the first batch of Belarusian electric buses to Moscow, Chairman of the State Science and Technology Committee of Belarus Alexander Shumilin reported on June 29. The Russian side demonstrates a strong interest in Belarusian electric transport, said the official. “We have already supplied some buses for test runs. Their…

Belarus: MAZ to ship 400 vehicles to Vietnam in 2017

The Belarusian automobile engineering company MAZ will ship 400 vehicles to Vietnam this year, Belarusian Industry Minister Vitaly Vovk declared. The industry minister said: “This year we will get 400 automobiles shipped to Vietnam”. Vitaly Vovk explained that MAZ would sign the relevant agreements during the visit of Vietnam President Tran Dai Quang to Belarus.…

Belarus: inflation to stay under 7% in 2017

Inflation will not exceed 7% till the end of the year, Belarusian First Deputy Economy Minister Dmitry Krutoi declared. According to the source, the Belarusian government expects inflation not to exceed 7% till the end of the year, down from the previous estimate of 9%. “Our projections are cautious. We finished the first five months…

Belarus on path to economic recovery

Belarus is gradually getting back on track for recovery, First Vice Premier Vasily Matyushevsky said when speaking at the joint session of the Belarusian parliament on June 26. “The economic performance in the recent months has been showing that the Belarusian economy is back on track. The GDP growth target for H1 has been over-fulfilled:…

Belarus considering barter trade with Sudan and Egypt

Belarus, Sudan and Egypt are considering the possibility of using mechanisms of non-monetary discharge of foreign trade obligations in mutual trade, the State Property Committee reported. Representatives of the National Bank of Belarus, Belarusbank, and GO Belresursy held talks in Khartoum and Cairo. The parties agreed that non-monetary discharge of obligations in the export of…

Belarus: Israel shows appetite for food

Israel is interested in buying Belarusian food, Ambassador Extraordinary and Plenipotentiary of Israel to Belarus Alon Shoham reported. The ambassador noted that Israel grew increasingly interested in buying organic food. “We believe that Belarusian products offer very good quality. We believe that Belarusian foods are organic and up to high standards. We are considering the…

Belarus: MAZ rolls out 6WD skylift

The Belarusian automaker MAZ has made its first all-wheel drive skylift AGP-40-K, which can lift three people with instruments up to 40 m above the ground. With the all-wheel drive skylift of its own MAZ will be able to expand its presence on the market of utility vehicles. MAZ representatives explained that the vehicle was…