As much as 750 million Russian rubles (RUB) will be poured into the Russian-Belarusian machine-building cluster based in Russia’s Cherepovets in the next decade, reads a message posted on the official web site of the governor of Russia’s Vologda Region. The regional government of Russia’s Vologda Region, Cherepovets Mayor’s Office, Cherepovets Castings Factory, Minsk Automobile…
Belarus’ exports of oil products dropped by 1% YoY in January-June to 8.86 million tons, Belstat said in a report. In value terms, Belarus’ exports of petroleum products decreased by 35%, to $2.45 billion. Belarus blames the drop in proceeds on the decline in oil prices on the global market. The largest volume of Belarusian…
Belarus’ chemical company OAO Grodno Azot has earmarked $9.6 million in the upgrade of air separation facilities at the methanol plant, a source in the profile ministry reported. The total value of the upgrade project is estimated at $42.4 million, including $9.6 million of own resources and $32.8 million worth of credits. The company plans…
In January-June Belarus exported 2.25 million tons of oil products to Ukraine, up by 64% YoY, a source in the relevant ministry reported. Belarus’ proceeds from exports of petroleum products to Ukraine grew by only 4% YoY, to $823.4 million, due to the global decline in oil prices. Belarusian petroleum products are shipped to Ukraine…
In January-June foreign investors injected $4.7 billion into the Belarusian economy, the National Statistics Committee informed. The primary investors were economic operators of Russia (50.2% of the investment), the UK (20.5%) and Cyprus (7.5%). Foreign direct investments amounted to $3.9 billion. In H1 2016 Belarusian economic operators (except for banks) transferred Br2 billion in investments…
Belarus plans to increase exports of agricultural and food products to $7.5 billion by 2020, according to the program of socio-economic development of Belarus for 2016-2020. In order to achieve the objective, it is envisaged to realize a number of measures aimed at ensuring the competitive advantages in the agricultural industry of the country. The…
Belshina (Bobruisk, Mogilev Region) has announced a tender to choose an equipment supplier for its high-bay warehouse. The company plans to spend Br2.3 million ($1.163 million). The closing date for applications is September 15. Belshina wants to have the equipment supplied in the period from April 1 to June 30, 2017. The state-owned tyre manufacturer…