According to official statistics, Belarus' GDP growth slowed down to 96.6% in January-May. According to Dmitry Yaroshevich, it was only to be expected because the Belarusian economy is going through active transformation.
The diversification of trade and the change in logistics schemes allowed Belarus to maintain a record high trade surplus, Deputy Economy Minister Dmitry Yaroshevich said commenting on the outcomes of foreign trade in January-April 2022, BelTA learned from the press service of the Economy Ministry.
“Operational efficiency of companies keeps improving. Revenues are increasing faster than production costs. This pushed up net profit that rose by almost 23%. The profitability of sales inched up by 0.8 percentage points to 8.2%. As a result, the number of unprofitable organizations and their share decreased even more,” he said.
Belarus and Russia are taking stock of their competencies to ensure further import substitution, Deputy Economy Minister Dmitry Yaroshevich told the Mir 24 TV channel, BelTA informs.