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18 November 2022, 10:16

Belarus' economy keeps recovering in 2022

MINSK, 18 November (BelTA) – Belarus saw stable recovery trends in its economy in January-October 2022, Belarusian Economy Minister Aleksandr Chervyakov said during his visit to Bobruisk District on 17 November, BelTA learned from the press service of the Economy Ministry.

The economy minister delivered a report on the current situation and the main tendencies in the social and economic development of the country to the Belshina personnel. According to Aleksandr Chervyakov, in spite of the sanctions pressure, the recovery trends in the country's economy prevailed in January-October 2022.

“Industry was the main driver. It added 0.2% year-on-year. Over the past two months the Industry Ministry companies showed 0.8% up against September 2022. This success was ensured by the effective work of the country's machine-building leaders - MTZ, Gomselmash, Belavtomaz and others. They continued to increase production which contributed to the foreign trade results. Exports of goods and services have been growing for the past five months. The growth in September made up 1.2% up as against August. Leaders were Industry Ministry, Bellegprom and Bellesbumprom,” the economy minister said.

Aleksandr Chervyakov also took part in a meeting to discuss woodworking development on the FanDOK site. “Firstly, it is imperative to develop a unified sales strategy for the enterprises of the group, so that they do not compete with each other on the markets, but complement each other. Secondly, it is important to develop measures to improve the competitiveness of the products by reducing costs and optimizing technological and business processes - from the production of raw materials to store shelves,” he stressed.

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