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21 September 2021, 12:35

Belarus to export sawn timber, rebar to Hungary through commodity exchange

An archive photo
An archive photo

MINSK, 21 September (BelTA) – Belarusian Universal Commodity Exchange (BUCE) has plans to run the export of Belarusian sawn timber and reinforcement steel to Hungary, BelTA learned from the press service of BUCE.

Belvin Trade Kft., accredited at BUCE as a non-resident broker, will be engaged in bringing potential buyers to the auction and promoting Belarus-made products on the Hungarian market. Prior to cooperation with BUCE, Belvin Trade specialized mainly in supplying agricultural machinery, spare parts to it and technical fluids to Hungary. The company is branching out into other businesses, therefore it decided to join the Belarusian commodity exchange platform.

“The Belarusian Embassy in Hungary suggested that we enter the Belarusian market through the commodity exchange. After weighing all pros and cons, we decided to give it a try. We plan to begin with the import of rebar produced by Belarusian Steel Works and sawn timber that is in demand not only in Hungary, but also in other EU countries. In addition to that, we are considering a possibility to look for customers interested in Belarusian rapeseed oil. This is also a very popular commodity in Europe, and given our experience in the agricultural industry and a wide network of business contacts, I am sure that we will be able to quickly find companies eager to buy these Belarusian products,” Executive Director of Belvin Trade Norbert Bobrovszky said.

Today, BUCE has more than 50 accredited stock brokers, including 12 foreign ones from Germany, Israel, China, Latvia, Lithuania, Poland, Russia and Estonia. Brokerage organizations and their clients generate about half of the BUCE exchange trade.

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