A groundbreaking ceremony for construction of a joint Azerbaijani-Iranian car plant was held on August 6, in Azerbaijan’s Neftchala industrial quarter. The plant is a joint project of Azerbaijan’s AzEuroCar LLC and Iran’s giant automaker Iran Khodro. Azerbaijan’s Economy Minister Shahin Mustafayev and Iran’s Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh participated in…
DetailsBelarus Petroleum Company (BelOil) has redirected part of its export routes from Ukrainian ports to Lithuania’s Klaipeda, a source in the profile ministry said. The redirection is connected with more favorable logistic conditions. Belarus Petroleum Company (BelOil) was founded in May 2007. The main shareholder is Belorusneft (52% of shares), with Naftan and Mozyr refineries…
DetailsIn January-June Belarusian Railways increased the volume of container transportation in the Chinese direction 2.5 times YoY, Alexander Yevsyuk, First Deputy Head of the Freight Operations and Foreign Economic Operations Service of Belarusian Railways, reported. “The Chinese direction is the most promising transit one. We participate in the implementation of the Chinese initiative aimed at…
DetailsBelarusian Railways jointly with the Polish operator is planning to launch the Grodno-Warsaw-Krakow rail service in September, first deputy head of passenger service of Belarusian Railways Andrei Kashko said. “The volume of passenger traffic to Poland has been growing. Together with our Polish colleagues we are planning to launch the train from Grodno through Warsaw…
DetailsA council of exporters will be set up under the aegis of the Belarusian Ministry of Foreign Affairs, representatives of the Ministry’s Foreign Economic Affairs Department said. The establishment of the council of exporters is stipulated by the national program on supporting and developing export in 2016-2020. The council of exporters is expected to include…
DetailsBelarus will continue negotiating its accession to the World Trade Organization (WTO), representatives of the Foreign Economic Affairs Department of the Belarusian Ministry of Foreign Affairs reported. The negotiations will be aimed at shaping and agreeing upon balanced and favorable terms of Belarus’ membership in the World Trade Organization. Work to that effect will be…
DetailsBelarus’ Council of Ministers approved of the national export promotion program for 2016-2020 and a roadmap for its implementation. The plan is outlined in Decree No. 604 of August 1, the press service of the Belarusian government reported. “The national program does not provide a detailed forecast for external trade in 2016-2020 but spells out…
DetailsElectrical power output of Belarus’ power generating companies reduced by 2.8% YoY in January-June, to 16.6 billion kilowatt-hours (kWh), an official with the National Statistics Committee of Belarus (Belstat) reported. Thermal energy output in H1 2016 went up by 0.9% YoY, to 32.8 million gigacalories. (Prime-TASS/Business World Magazine)
DetailsIn July Belarus’ gold and foreign exchange reserves rose by $315.4 million if calculated in accordance with methods of the International Monetary Fund. According to preliminary data, the reserves totaled $4,629.6 million as of August 1, according to the Information and PR Department of the National Bank of the Republic of Belarus. In national terms…
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