Foreign currency earnings of Belarusian companies 22% up in January-July


In January-July 2010 foreign currency earnings of Belarusian companies increased by 22% in comparison with the same period of last year to a total of $15.5 billion, BelTA learned from the Information Office of the National Bank of the Republic of Belarus.

Proceeds from commodity export increased by 21.4% to $12.96 billion to make up 83.6% of the total foreign currency proceeds. Earnings from the export of services accounted for 15.3% of the total or $2.37 billion (24.3% up), foreign currency proceeds from domestic trade — 0.9% or around $137.7 million (15.3% up). Other revenues amounted to $45.7 million (3.2 times up).

According to provisional data of the National Bank, exports to the CIS accounted for around 48.6% of the total foreign currency proceeds from export, with Russia’s share as large as 38.6%.

According to Belarusian portal belTA.by