Rogozhnik: dynamics of development to be Industry Ministry’s main goal for 2023

This year, the main goal for the enterprises of the Industry Ministry of Belarus will be to strengthen the dynamics of the industry – as stated by Industry Minister Aleksandr Rogozhnik, commenting on the results of the work of enterprises in the current year, according to the department’s press service

Aleksandr Rogozhnik noted, “The past year has become very eventful and in many ways indicative for our industry: despite all the difficulties, enterprises have shown good results and sustainability. Therefore, in 2023, the main goal for the Industry Ministry enterprises will be to strengthen the dynamics of the industry and to move to a new stage in the development That is, our industrial enterprises, after the period of introduction of unprecedented sanctions and the departure of foreign suppliers, will complete in the near future the process of restructuring and the formation of the so-called import-substituting image of the Belarusian industry.”

According to the official, for 2023-2025, the design and technological services of enterprises have identified about a thousand measures to replace imported goods with an economic effect of about $400m.

In general, according Aleksandr Rogozhnik, the Industry Ministry system is showing good results at the beginning of this year: the volume of industrial production in January-February amounted to about Br4.3bn while the growth rate in comparable prices was 108 percent. The profitability of sales in the industry according to the Industry Ministry for January totalled 8.5 percent. The industry is profitable.

The balance of foreign trade in goods of the Industry Ministry for January 2023 was positive and stood at $231.4m. The growth rate of exports of goods of the Industry Ministry organisations in January exceeded 110 percent. Exports to the CIS increased (export growth rate 144.2 percent), including the Russian Federation (160.2 percent), Kazakhstan (165 percent), Uzbekistan (229.1 percent), Tajikistan (107.7 percent). There is also an increase in supplies to Asia (by 1.4 times).