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Business World Magazine (Ukraine)
Business World Magazine (Ukraine) is the informational portal.
BWM (Ukraine) informs on doing business in various countries, with special attention paid to Ukraine, Russia, Belarus, Azerbaijan and other ex-USSR countries, their business relations, investments and innovations.
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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…
DetailsThe government’s committee for economic, financial and legal policy has approved of a list of enterprises to be privatized in 2016-2017, among them are Turboatom, Electrotyazhmash, the United Mining and Chemical Company, the State Food and Grain Corporation, and a state stake in Zaporozhye Titanium and Magnesium Combine LLC. A respective draft resolution was approved…
DetailsSince 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…
DetailsMember 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…
DetailsZAO Belarusian Oil Company (BelOil) – a designated exporter of Belarusian petroleum products – is determined to promote direct shipments of petroleum products to the end customer as opposed to shipments via seaports, a source in the profile ministry said. BelOil’s strategy is to sell a maximum of its products on high-premium markets of the…
DetailsIn H1 2016 resident companies in Belarusian free economic zones (FEZ) secured a surplus of foreign trade in merchandise as large as $452.6 million, up by 14.6% YoY, the National Statistics Committee of Belarus reported. In H1 2016 their merchandise export reached $1,718.3 million, up by 2.1% YoY. The top exports were tires, mixed mineral…
DetailsBelarus will take part in the EU’s new program of technical support for the countries of the Eastern Partnership EU4Energy, the press service of the Energy Ministry reported. “Last week the Energy Ministry played host to a meeting between Director of the Energy Community Secretariat Janez Kopac and expert on renewable energy and energy efficiency,…
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