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…

Belarus: exports up in January-April 2017

In January-April Belarus’ export of merchandise and services rose by 19.5% YoY, to $10.413 billion, according to the latest statistics released by the National Bank of the Republic of Belarus. Foreign trade in merchandise and services totaled $20.706 billion, up by 17.9%. Export reached $10.413 billion (up by 19.5%), with import at $10.292 billion (up…

Belarus to export broiler meat to China

Belarusian broiler farms have plans to obtain certificates to sell to the Chinese market, Belarus Agriculture and Food Minister Leonid Zayats said on the sidelines of the international agricultural expo Belagro 2017 on June 6. “We have boosted our supplies to the Chinese market. On June 16, we will welcome specialists from the General Administration…

Belarus: Economy Ministry to arrange regular roundtables to review macroeconomic situation

The Belarusian Economy Ministry intends to arrange roundtable sessions every month in order to evaluate the current macroeconomic situation together with representatives of other government agencies, the Public Relations Department of the Economy Ministry reported. A government conference took place at premises of the Belarusian Economy Ministry at the end of last week. It was…

Belarus: Tajikistan interested in assembling MTZ cotton-farming tractors

Tajikistan is interested in assembling cotton-farming tractors made by the Belarusian company MTZ, representatives of the company declared after a delegation of the Tajikistan government visited the enterprise. The Tajikistan government is considering organizing the joint production of tractors. The tractors may then be sold not only in Tajikistan but also in the entire Central…