Belarus’ proceeds from exports of domestic crude oil reduced by 32.3% YoY in January-July to $253.704 million, Belarus’ National Statistical Committee (Belstat) said in an official report. In January-July Belarus exported 945,900 tons of crude oil, up by 0.7% YoY. Belarus’ sole authority on oil exports is a state-controlled monopoly officially designated as Belorusneft. Germany…
Belarus’ sugar export proceeds reduced by 14.2% YoY in January-July to $117.422 million, Belarus’ National Statistical Committee (Belstat) said in a report. Belarus exported 222,200 tons of sugar in January-July 2016, down by 5.2% YoY. Russia was a major destination for Belarus’ sugar exports – 184,500 tons (unchanged year on year) worth $98.711 million (down…
ARVIBelAgro LTD joint venture (Lida, Grodno region) plans to launch a turkey meat facility in November, a company official reported. By November the company plans to have commissioned 15 poultry houses and launched a slaughterhouse. German-made and Polish-made equipment is now being installed at the slaughterhouse, the official informed. At the moment, the investment value…
The passenger traffic at Minsk Airport grew by 10.7% YoY in August to 422,600 people, the airport authorities said in a release. In August Minsk Airport provided service support to 2,270 flights. All in all, in January-August the passenger traffic at Minsk Airport totaled 2.254 million (+19.7%), with service support provided to 15,043 flights (+15.8%).…
The Belarusian confectionery factory Kommunarka pays increasing attention to the Chinese market, Kommunarka Director General Ivan Danchenko said. Ivan Danchenko said that Belarusian confectionery products were underrepresented in China. This country accounts for a small share of Kommunarka’s exports. However, in recent years, the company has been paying increasing attention to this market. To attract…
Belarus’ Agriculture and Food Minister Leonid Zayats named industrial cooperation as a promising line in the interaction between Belarus and Tajikistan as he spoke at the conference held on September 22, to mark the 20th anniversary of the diplomatic relations between Tajikistan and Belarus. Leonid Zayats took note of the project to organize the assembling…
The International Monetary Fund (IMF) says vulnerabilities of Belarus’ economy remain elevated. The IMF made a statement to this effect in the Staff Report prepared by a staff team of the IMF for the 2016 Article IV consultation. “The economy is expected to contract further this year and next, reflecting still-weak balance sheets and structural…