Belarus’ proceeds from potash exports fell by 38.9% YoY in January-July to $1.057 billion, Belarus’ National Statistics Committee (Belstat) said in an official report. Potash export proceeds reduced as a result of a 21.4% decrease in the physical volume of Belarusian potash supplies to 2.784 million tons (in terms of 100% potassium chloride). As previously…
Belarus’ proceeds from oil product exports reduced by 36.1% YoY in January-July to $2.766 billion, a government source reported. In physical terms, Belarus’ oil product exports reduced by 4.6% YoY to 9.667 million tons. The decline in proceeds from oil product exports results in the first place from the plunge in global prices of oil…
Belarus’ farm output grew by 2.2% YoY in January-August to 8.4 billion Belarusian rubles ($4.347 billion at the official exchange rate), a source in the National Statistics Committee (Belstat) reported. Sales of fattened cattle and poultry grew by 3.1% YoY in to 1.055 million tons; milk output grew by 0.9% to 4.14 million tons, and…
Oman is ready to invest in the agricultural sector of Belarus, Sergei Rachkov, Ambassador Extraordinary and Plenipotentiary of Belarus to Egypt with concurrent accreditation to Oman, Algeria and Sudan, said. “One of Oman’s key tasks is to strengthen its food security. Oman shows big interest in the Belarusian agricultural sector in order to invest in…
The introduction of the international financial reporting standards (IFRS) in Belarus will help improve the investment climate. Belarusian Finance Minister Vladimir Amarin made the statement in an interview published in the September edition of the Ministry’s magazine Finance. Accounting. Auditing. According to the source, for the sake of effective implementation of the decision in favor…
The cost of credits at Belarusian banks is higher than the profit margin of the country’s mechanical engineering companies, Belarusian First Deputy Industry Minister Gennady Svidersky said. Speaking about the financial position of mechanical engineering companies, the deputy minister said it was rather complicated, as the cost of credit resource still remained higher than the…
Belarus has announced an open tender to identify importers of alcoholic beverages in 2017, the commission responsible for holding the tender said in a statement. Importers are invited to present their bids to the Trade Ministry by October 24. They are expected to provide lists of beverages they wish to import, as well as information…