In January-October 2017, the trade turnover between Grodno Oblast and Azerbaijan amounted to $5 million. But this figure does not reflect the full potential of our trade relations. I think that we can double and even triple this figure, the Grodno mayor said.
The availability of affordable financial resources is crucial to private business development in Belarus. The resources are needed to scale up business operations and explore new business avenues. The $60 million loan will provide additional support.
The Belarusian delegation headed by First Deputy Minister of Foreign Affairs Andrei Yevdochenko will take part in the Ministerial Conference of the World Trade Organization in Buenos Aires, Argentina 10-13 December.
According to the source, the court system, the Interior Ministry, and the State Control will try to take preventive measures instead of cracking down on the consequences of legislation violations. Government agencies will focus on raising the awareness of the business community about proper business practices.
The Belarusian delegation visited the Ministry of Military Production of Egypt, big industrial companies specializing in the production of engines and vehicles, and also companies supplying automotive equipment.
In November 2017, the country's gold and foreign currency reserves went up by $18.4 million (up 0.2%) following the October growth by $128.6 million (1.8%). The growth from the start of the year made up $2,486.5 billion (50.5%).