The China National Forest Product Industry Corporation intends to step up cooperation with the Belarusian Universal Commodity Exchange (BUCE). The corporation plans not only to buy more Belarusian sawn timber at exchange auctions, but also to sell China-made goods through the BUCE import substitution platform, head of the purchasing department of the company Li Yingtian said during the meeting with the BUCE management, BelTA learned from the BUCE press service. The initiative of the...

  According to the preliminary data, Belarus' international reserve assets totaled the equivalent of $7,973.5 million as of 1 August 2023, BelTA learned from the National Bank of the Republic of Belarus. The country's gold and foreign currency reserves went up by $182 million (or 2.3%) in July 2023 after shrinking by $80.6 million (1.02%) in June 2023. The central bank said: “Since August 2022 information about the volume of the international reserve assets has been published on...

The Belarusian Universal Commodity Exchange (BUCE) and the Export Support Center of Kaliningrad Oblast of Russia will join efforts to get the region's SMEs interested in exchange trading. This matter was discussed during a joint webinar for local businesses that was arranged by BUCE and the Export Support Center of Kaliningrad Oblast, BelTA learned from the BUCE press service. Special attention was paid to the agricultural sector, primarily manufacturers of oil and fat products and...

Over 600 small and medium enterprises received state support in H1 2023, the press service of the Belarusian Economy Ministry told BelTA. The total volume of state support received by Belarusian SMEs in January-June 2023 reached Br191 million. Most of the money went into the manufacturing sector. The top 5 kinds of activities that received borrowed resources (repayable and non-repayable ones) also included agriculture, transport, trade, and healthcare. About two thirds of the...

  The National Marketing Center is organizing a visit of Belarus' private sector's delegation to Plovdiv, Bulgaria for the duration of the International Technical Fair 2023, BelTA has learned. The fair will take place on 14-17 September. The visit has been organized as part of the efforts to help realize the existing export potential of Belarusian companies on foreign markets. The itinerary includes attendance of the international fair as well as the organization of B2B negotiations...