Business news

MINSK, 25 October (BelTA) – Belarus’ exports to Poland went up by 19% in January-August 2017, Belarus’ Deputy Minister of Foreign Affairs Evgeny Shestakov said at the 5^th meeting of the Belarusian-Polish working group on trade and investment on 25 October. The working group is part of the Belarus-Polish joint commission on economic cooperation, BelTA has learned.

“According to the Belarusian statistics, the bilateral trade made up almost $1.6 billion in January-August 2017. Our exports reached almost $700 million, up 19% as compared with the same period in 2016. The imports from Poland amounted to some $900 million, an increase of 12%,” said Evgeny Shestakov.

He stated that Poland is among Belarus’ three largest trade and economic partners, going behind Russia and Ukraine. "No less important is the fact that Poland is one of the largest investors in the Belarusian economy. The volume of foreign direct investment from this country exceeded $200 million in 2016. In tH1 2017 the Polish investments to Belarus made up more than $150 million, marking a 40% increase,” the deputy minister said.