Belarus’ foreign trade surplus totaled $64.3 million in January-July compared to a $974.3 million surplus in January-July 2015, the National Bank of Belarus said. The overall turnover of commodities and services in foreign trade shrank by 14.3% YoY in January-July to $32.874 billion. Exports of commodities and services reduced by 16.3% YoY to $16.469 billion,…
Belarus should make a commitment and set clear goals to reduce the share of state-owned economy and enhance management in the public sector. Galina Yaschenko, Project Manager at McKinsey&Company, made this statement on September 8, at a roundtable conference dealing with the findings of a survey, which sought to find solutions for creating a more…
Western NIS Enterprise Fund (WNISEF) created using funds of the U.S. government seeks to invest at least $5 million in commercial startups in the Ukrainian IT sector, WNISEF CEO Jaroslawa Z. Johnson said. “We have received a permit to launch a new fund for startups in the IT sector”, she noted. She said that WNISEF…
Belarus and China have stepped up efforts to reach a new level of cooperation that will include direct investments into all spheres. Deputy Head of the Belarus President Administration Nikolai Snopkov made the statement during the seminar held on September 9, to discuss ways to couple the manufacturing potentials of Belarus and China. Nikolai Snopkov…
The total turnover of exchange transactions on all instruments at the Baku Stock Exchange exceeded 2.94 billion manat in January-August, down 2.5 times YoY. The volume of the state securities market totaled 350.6 million manat (up 18.3 times), while the turnover of corporate securities market reached 75.21 million manat (down 22.2 times). The volume of…
A mass campaign for the collection of raw cotton started on the sidelines of Tajikistan these days. Farmers of the country have sent all existing opportunities for a timely harvest, the Ministry of agriculture reports. It is noted that cotton-growing farms in Khatlon and Sughd regions started the harvest. According to the forecasts, it is…
Egypt is interested in setting up manufacturing enterprises together with Belarus. The relevant possibilities were discussed during the latest meeting of Ambassador Extraordinary and Plenipotentiary of Belarus to Egypt Sergei Rachkov and Egyptian Assistant Foreign Minister for European Affairs Ihab Nasr, the press service of the Belarusian Ministry of Foreign Affairs reported. During the meeting…