Business news

5 Mar 2019

Belarusian Universal Commodity Exchange accredits first broker in Germany

MINSK, 5 March (BelTA) – The public joint-stock company (OAO) Belarusian Universal Commodity Exchange (BUCE) has granted a broker certificate to OWA-Handel UG Company in Germany, the BUCE press service told BelTA.

Thus, the network of BUCE-accredited non-resident brokers now covers eight countries: Germany, Kazakhstan, Latvia, Lithuania, Poland, Russia, Turkey, and Uzbekistan.

The new broker intends to help German companies buy Belarusian casein and whey powder. Apart from that, considering the steadily high demand for Belarus-made wood chips, fuel granules, OWA-Handel UG intends to help export these products to Germany, Denmark, and other European Union countries.

The German broker also sees considerable potential for exporting a number of industrial and consumer goods to Belarus via the commodity exchange. The acquisition of industrial plant equipment from leading German manufacturers was mentioned. OWA-Handel UG representatives believe that the competitive environment BUCE offers will help shape more lucrative prices for buyers.

Belarusian Universal Commodity Exchange has accredited 89 commercial entities from Germany. Most of their deals involve commercial timber, scrap and waste of ferrous and non-ferrous metals, commercial-grade casein.