There is every ground to believe that the inflation in Belarus will stay under 12% in 2016, Prime Minister Andrei Kobyakov said after he presented his report to the Belarusian head of state on August 23. “We have already announced that, unfortunately, only one out of seven parameters, outlined by the head of state, was…
Further actions to reduce the refinancing rate in Belarus will be closely intertwined with the country’s balance of payments, the Chairman of the Board of the National Bank of the Republic of Belarus (NBRB) Pavel Kallaur reported. “As far as further steps are concerned, there is no doubt we are going to act in a…
Businessmen from Russia, China, and the European Union will take part in the international investment forum Grodno region at the Crossing of Borders that will take place on September 23, the economy committee of the Grodno Regional Executive Committee reported. The investment forum will be held as part of the Euroregion Neman expo and fair.…
Izobud, Belarus’ leading manufacturer of cutting-edge energy efficient sandwich panels, has branched out into the European market. The enterprise has signed contracts and delivered construction products to the Baltic countries and Sweden. The Belarusian manufacturer obtained a European certificate of conformity to the European EN14509:2014 standard. The quality of Izobud sandwich panels was praised by…
Belarusian producer prices in July increased by 0.5% MoM (up by 7.3% compared to the level of December 2015), the National Statistical Committee (Belstat) reported. Construction prices grew by 1.7% MoM in July (up by 1.2% compared to the level of December 2015). Freight tariffs (all means of transportation) decreased by 0.2% MoM in July…
Belarusian Potash Company (BPC) shipped 729,454 tons of potash fertilizers to Brazil in January-June, up by 32% YoY. Potash export proceeds from Brazil-bound shipments dropped by 15% YoY to $268.8 million. Founded in September 2013, Belarus Potash Company has regional dealerships in Delhi, Beijing, Singapore and Sao Paulo. BPC facilitates potash exports to Europe, India,…
An independent review of the quality of assets of the Belarusian banking system will be considered at a meeting of the Financial Stability Council, Chairman of the Board of the National Bank of Belarus Pavel Kallaur said. “We expect to hold a meeting of the council soon. Most likely we will consider the results of…