Growth points of the Belarusian economy in the dynamics of global challenges

The Belarusian Universal Commodity Exchange has been showing impressive rates of sales of domestic goods to foreign companies since the beginning of 2024. Among the reasons for the successful performance of the exchange platform are the increase in the number of non-resident buyers, the opening of new markets, the introduction of additional commodity positions, as well as the opening of the Exchange's representative office in Shanghai, the expansion of the network of exchange brokers in Central Asian countries, the introduction of the mechanism of exchange-targeted transactions, and the intensification of cooperation with Belarusian diplomatic missions abroad. As of May 1, 2024, 7192 non-resident companies from 70 countries were accredited at the Exchange. At the same time, 345 new bidders from 36 countries have come here since the beginning of this year. In four months, the amount of export transactions exceeded the amount of import contracts by $138 million. This shows that the Belarusian exchange trade is developing on different continents and allows to significantly increase the exchange trade turnover with partners in Europe, Asia and Africa. And this is only one example of the development of the Belarusian economy in the dynamics of global challenges. This study also deals with other effective growth points.

Author: Boris Zalessky

Publisher: Our Knowledge Publishing

Publication Date: Jul 25, 2024

Number of Pages: 68 pages

Binding: Paperback or Softback

ISBN-10: 6207871197

ISBN-13: 9786207871193