Net foreign assets of Belarusian commercial banks amounted to minus $5.353 billion as of August 1, down by 14.9% compared to the level of January 1, the National Bank of Belarus said in a statistical report. Gross foreign assets of commercial banks were down by 26.7% in January-July to $1.299 billion, while foreign liabilities of…
Net foreign assets of the Belarusian government and the National Bank of Belarus (NBB) amounted to $3.624 billion as of August 1, up by 49.9% since early 2016, the NBB said in a statistical report. Belarus’ net foreign assets grew due to an increase in gross foreign assets by 21.4% in January-July to $5.052 billion…
Belarus increased truck exports by 24% YoY in January-June to 1,847 units, Belstat said in a statistical report. Truck exports to the CIS states grew by 13.5% to 1,546 units at the average price of $140,123 apiece (down by 10.8% YoY), other foreign countries – 301 units (up 2.4 times), average price – $116,598 (down…
Belarus’ food exports dropped by 11.2% YoY in January-June to $1.611 billion, the National Statistics Committee (Belstat) reported. The largest decline was registered in exports of the following foods: milk, cream powder, condensed cream – down by 12% to $218.5 million, sugar – down by 19.4% to $96.7 million, potatoes – down by 64.6% to…
Plans have been made to reorganize agribusiness enterprises in Vitebsk region in 2016-2017. The relevant measures are stipulated by Belarus president decree No. 320 of August 25. The document has been adopted to improve the performance of the enterprises, enable conditions conducive to agribusiness development in Vitebsk region and raise investments. In line with the…
In 2016, Belarus plans to increase the harvest of corn for grain 5.5 times YoY, the Deputy Minister of Agriculture and Food Vladimir Grakun declared. The harvested areas will total 180 thousand ha, the production volumes – 1.2-1.25 million tons. The reporting volumes will cover the whole possible deficit of the grain. Last year Belarus…
Minsk is close to reaching mutual understanding with Moscow regarding the price of Russian natural gas for Belarus and on exports of Russian oil to the country, Belarusian Prime Minister Andrei Kobyakov reported. “We slightly contracted in July, (our gross domestic product fell) by 0.2%. But this happened specifically due to a 700,000 ton decrease…