Minsk City Executive Committee

03 May 2010 → Minsk companies-importers should create their own manufactures in Belarus - N.Ladutko

Minsk-based companies-importers should develop their own manufactures or start exporting goods, acting mayor of Minsk Nikolai Ladutko said at a session of the mayor’s office. The session summed up the social and economic development of the capital city in Q1 this year. Taking part in the session were chiefs of the companies-importers.

According to Nikolai Ladutko, the issue of increasing sales on foreign markets is getting to the forefront today. Importers need to develop the manufactures in the capital city, in the Minsk free economic zone and start exports. “We are not saying ‘no’ to you business. We are saying ‘yes’. But we would like you to get involved in export operations,” Nikolai Ladutko said. He instructed the chiefs of the privately-owned companies-importers to develop business plans on creating manufacturers inside the country.

In January-February this year more than 6,600 economic entities were involved in import in Minsk. Of them more than 5,800 do not have any departmental subordination. They imported goods to the tune of $764 million. The Minsk total import came to $1 billion.

There are 150 large importers in Minsk. The Minsk City hall recommends them to start exporting or to create their own manufactures. Certain results have been already achieved. In 2010 over 10 import-substituting manufactures will come on stream. The plans on the table are to start producing children’s and women’s hygiene products, metal constructions, housewares and so one. According to preliminary estimates, this will reduce import by $55 million a year.

In January-February Minsk had a trade deficit of 563.2 million, down $32.3 million as compared to the same months a year ago. Minsk is set to get a trade surplus by the end of 2012.

News provided by Agency «BelTA»

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