Overproduction hits industry in Baranavichy
The city administration of Baranavichy has analyzed the results of the city's social and economic development and concluded that only 4 out 12 performance targets were met. Out of 11 enterprises hit by the drop in production, four represent the machinery-making industry, with the average production output down by 68.8 percent. The average monthly wage in Baranavichy is Br733,000 ($245).
The unsold stock of goods in stores is worth Br93.3 billion ($31 million), with exports down to 61 percent, including a drop in exports to Russia by 38 percent.
Andrei Klets, chairman of the economy committee at the Baranavichy City Council, has urged to seek investors in China, Germany, France and Italy.
The unsold stock of goods in stores is worth Br93.3 billion ($31 million), with exports down to 61 percent, including a drop in exports to Russia by 38 percent.
Andrei Klets, chairman of the economy committee at the Baranavichy City Council, has urged to seek investors in China, Germany, France and Italy.
