Russia’s gross domestic product (GDP) may grow by 0.2% in 2017, by 0.9% in 2018 and by 1.2% in 2019, according to a baseline forecast by the Economic Development Ministry in the ministry’s adjusted 2017-2019 social and macroeconomic development forecast. In 2016, GDP contraction will slow down to 0.6%, the ministry said. The ministry based…Details
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The Individuals Deposit Guarantee Fund seeks to put 100% of corporate rights and intellectual rights to the trademark of the Yarych confectionary factory (Lviv region) up for sale. The fund said in a press release that loans of the company on the balance sheet of Bank Forum would be auctioned. The bank also has buildings…Details
Russia’s foreign trade surplus decreased by 48.1% YoY to $63.1 billion in January-September, the central bank said. In January-September 2015, the foreign trade surplus amounted to $118.2 billion. (Prime/Business World Magazine)Details
The Belarusian mechanical engineering company Belkommunmash has offered St Petersburg (Russia) its electric buses for the 2018 FIFA World Cup, Belkommunmash Director General Vladimir Korol reported. “An agreement has been reached with St Petersburg on a trial operation of our electric buses. St Petersburg is interested in it, as the city is gearing up to…Details
Belarusian farmers have finished rapeseed harvesting. Oilseeds and their processed products self-sufficiency remains the topical issue in the country these days. Belarus reduced rapeseed planted area for the fourth consecutive season. Besides, rather bad wintering also had a negative impact on production. Consequently, rapeseed production declines along with increase in meals imports to Belarus, particularly…Details
Belarus decreased electricity exports to Lithuania by 6.6% YoY in January-July to 83.7 million kWh, according to official statistical reports. Belarus’ proceeds from electricity exports to Lithuania reduced by 5.8% to $4.885 million. Lithuania was the key and basically the only destination of Belarus’ electricity exports in 2015. Belarus plans to export to Lithuania around…Details
Belarus produced 465,600 peat briquettes in January-August, up by 19.2% YoY, the Energy Ministry of Belarus reported. In August peat briquette output totaled 77,200 tons, up by 12.5% YoY. Peat output totaled 1.416 million tons in January-August, up by 26% YoY. In August peat output grew by 62.4% to 199,700 tons. Peat in Belarus is…Details