ECONOMY The Minsk Times Thursday, July 14, 2011 5 Statistics show Valentino, MEXX and Adidas positive dynamics brands sewn in Orsha IMF Special Data Dissemination Standard Svitanak industrial-trading company subcontracts for famous global brands shows rise in Belarus’ gold and currency By Diana Kurilo reserves by $557.7m in June The Belarusian sewing Th e National Bank’s In- company is co-operating formation Department has with over 60 firms from the announced the national CIS and beyond. Accord- defi nition of gold and cur- ing to Director Lyudmila rency reserves to have risen Kuznetsova, before placing by $546.6m: standing at orders, foreign brands have $5,650,000,000 in equivalent as audited the company to ex- of July 1st, 2011. Th is is largely amine its technological lev- due to the arrival of the fi rst el, personnel qualifications tranche of the EurAsEC Anti- and the availability of social Crisis Fund loan of $800m. guarantees for personnel. Th e volume of gold and Over the past three currency reserves has also years, Svitanak has in- been infl uenced by the pay- vested about $250,000 in ment of internal and exter- modernisation, technically nal liabilities in foreign cur- re-equipping its facilities. rency by the National Bank New sewing machines have and the Belarusian Govern- been bought, in addition to ment (worth about $227m in special software to design equivalent) and the dynamics clothes. of precious metal prices on the From January-June international market. 2011, industrial output growth made 163 percent, with exports of services al- Internally BELTA developed most doubling. A sewing workshop at Svitanak industrial-trading company technology Belkommunmash ships first First step goes on sale made, with Scientists from National trolley bus to Colombia others Academy of Sciences’ Heat and Mass Transfer to follow Institute plan to supply Minsk enterprise’s 420 model trolley bus on its $1m facility ensuring way to Colombia’s industrial centre of Medellin Japanese NEC high precision optical Corporation opens offi ce processing to Saudi munmash, led by Alfonso chief designer, Oleg Byt- mash’s products could find in Minsk Arabia in August Soria Mendoza, who heads sko, set out the company’s a real niche on Colombia’s “Th e arrival of such a com- Th e device is based on the Office for Europe of the future design plans, saying transportation market. pany as NEC shows that Bela- magnetorheological polishing Colombian Foreign Minis- that Belkommunmash is At present, Belarusian rus is ready to assimilate and technology, allowing process- try, and Diego José Tobón intent on designing a hy- trolley buses are used in implement new technologies,” ing of complicated forms, Echeverri, Ambassador of brid bus able to run on 25- nearly 50 regions across stresses the Communications while ensuring the safety of the Colombia to Russia with 30 percent less fuel. CIS and non-CIS states. and Informatisation Minister, top layer and its high quality. concurrent accreditation The Colombian delega- In addition to selling to Nikolai Pantelei. Speaking at Th e specially developed in Belarus. tion highly praised the po- eight Belarusian cities, the launch of the new NEC of- magnetorheological fi nish- The guests toured the tential of the Minsk com- the company exports to fi ce, he noted that this marked ing machine for polishing can BELTA company premises, viewing pany in developing new over 30 Russian regions the fi rst step for the company in process items made from opti- Machinery for customers 420 model new-generation technologies for passenger (including Kaliningrad Belarus. “Our Ministry expects cal and semiconductor mate- By Oksana Shikut ‘Vitovt’ trolley buses and transportation vehicles, and Vladivostok) in addi- to see either a joint Belarusian- rials — including all types of a unique articulated tram expressing interest in en- tion to Ukraine, Mongolia, Japanese venture, with the par- optical glass and ceramics, as A Colombian delega- with driver cabs at both hancing bilateral relations. Latvia, Kazakhstan, Serbia, ticipation of NEC, soon set up well as solid, semiconductor tion has visited Belkom- ends. Belkommunmash’s They believe Belkommun- Moldova and Bulgaria. in Belarus, or a completely for- and optical crystals and metal eign venture. Th is will enable alloys. Th e equipment can be us to implement more concrete used to produce laser optoe- Unique situation projects, shift ing from ‘suppli- lectronic systems, high-energy er-buyer’ relations to partner- laser devices and semiconduc- ship,” Mr. Pantelei added. tor elements for the electronic unlikely to be Toshiyuki Mineno, NEC industry. Executive Vice President and Magnetorheological pol- Chief Global Business Offi cer, ishing technology has been ever repeated expressed his hope that the developed at the National technologies of the Japanese Academy of Sciences’ Heat telecommunications company and Mass Transfer Institute, By Olga Krapivnaya imports 180,000-200,000 will enjoy demand on the Be- enabling Belarusian special- vehicles. larusian market. Among the ists to signifi cantly contribute Record number of cars Belarus’ Customs potential areas of application to the development of global imported into Belarus in Service has been working are healthcare, education and science. Over the next fi ve H1 2011: over 250,000 around the clock (24/7 in law enforcement. According years’, scientists and special- “It’s a record high — the final days before the to the offi cial, Belarus is a very ists from the Republic’s lead- not only for six months but new duties came into force) important market for NEC. ing optical enterprises plan to for a year. We have never to ensure that imported Accordingly, the Corporation create a production base for imported so many cars cars passed through cus- GIL VITALY plans to expand its represen- a new generation of unique before,” the Deputy Chair- toms without hindrance. Car salons wait in the wings tation in Belarus and develop optical and microelectronic man of the State Customs On July 1st, car im- member states. As a result, ing to their previous work- its investment activity here, as devices. Potential markets for Committee of Belarus, Ser- port duties imposed on fewer cars are now being ing hours, with only a few part of a commercial structure sales include the CIS, China gei Poluden, tells us. The individuals became unified imported into Belarus and imported vehicles regis- which NEC intends to set up in and India. country usually annually across all Customs Union border services are return- tered. Belarus..