As of August 1, Belarus’ external state debt totaled $13.3 billion, up by $847 million or by 6.8% since the beginning of the year (taking into account differences in currency exchange rates), representatives of the Belarusian Finance Ministry said. In January-July external state borrowings totaled $1.3 billion, including $800 million borrowed from the Eurasian Fund…
The price of Russian crude oil supplies to Belarus dropped by 25.4% YoY in January-June to $208, Belarus’ National Statistical Committee (Belstat) said in a report. Belarus’ expenditures on crude oil imports from Russia decreased by 24.8% YoY to $2.398 billion. In H1 2016 Belarus purchased 11.522 million tons of Russian crude, up by 0.9%…
Plans have been made to implement a pilot project of the United Nations Organization to develop social entrepreneurship in several areas in Grodno region. The information was released during the latest meeting of UN Resident Coordinator in Belarus Sanaka Samarasinha and Grodno region Governor Vladimir Kravtsov. Sanaka Samarasinha explained: “It is a new project that…
The CIS financial and economic forum will take place in Minsk in October, head of the CIS election observation mission Sergei Lebedev said. “The financial and economic forum will be held as part of the meeting of the CIS Heads of Government Council in Minsk. Almost every member state expressed its readiness to take part”,…
Belarus’ move to adopt International Financial Reporting Standards (IFRS) and clarifications on January 1, 2017 will contribute to increasing the transparency of Belarus’ corporate sector for investors and creditors, Pavel Laschenko, EY Belarus Managing Partner, believes. The IFRS standards will acquire the same legal status as guidelines and provisions of the Finance Ministry of Belarus…
Since the start of the year the Belarusian mechanical engineering company Gomselmash has delivered 150 grain and forage harvesters to Ukraine, up by 50 vehicles YoY, the First Deputy Director of the company’s regional sales department Igor Korotkevich reported. The exports mainly consisted of grain harvesters, including KZS-1218, KZS-812 that have already made a good…
Member states of the Eurasian Economic Union (EEU – Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan) plan to launch a single market of medical goods and medications in 2016, Anton Azarov of the Eurasian Economic Commission’s Department for Integration and Development said in a statement. According to him the EEU is due to launch a single market…