NUCLEAR POWER IN BELARUS AND WORLDWIDE
MINSK, 18 August (BelTA) – Export of industrial and consumer goods via the Belarusian Universal Commodity Exchange (BUCE) grew by 34% to Br30 million in January-July 2020, BUCE spokesman Roman Yaniv told BelTA.
“Sales of concrete blocks, bricks, and mortar mixes were the main reason for soaring foreign trade figures. They accounted for 80% of the overall export. The largest export markets included Latvia, Lithuania, Russia, Poland, and Ukraine,” Roman Yaniv said.
Belarusian manufacturers have recently started using the BUCE even if they have their own commodity distribution networks abroad. “We have no such notion as a ‘minimal order' and the registration procedure is simpler than ever. This is why we can quickly find a foreign buyer and hold a trade session for virtually any Belarusian product,” Anton Zaretsky, the head of the industrial and consumer goods department, said. “A lot of Belarusian companies already use the BUCE. For them it has become an additional sales channel which complements the traditional distribution network. Furthermore, the competition among foreign customers helps our exporters strike the most favorable deals,” he added.
The Belarusian Universal Commodity Exchange was established in 2004. The first trade sessions took place in June 2005. The BUCE is one of the largest mercantile exchanges in Eastern Europe. Its key function is to assist Belarusian companies with exporting their products and assist foreign companies with entering the Belarusian market. The commodity exchange facilitates trade in metals, timber, agricultural products, and a wide range of industrial and consumer goods.
So far in 2020, the BUCE saw 42,000 transactions with industrial and consumer goods worth a total of Br251 million, which was 2% up over the same period of 2019.
