Gomel Trade and Industry is characterized by oilfields and manufacturing industries. There are over 60 small and big oilfields in Gomel, which contribute heftily to the GDP of the country as a whole. The natural resources of Gomel include rich deposits of potash and rock salt, chalk, sand, brown coal, shale oil as well as of peat, building stone, gypsum, clays, kaolin and mineral waters. Playing a significant role in the Gomel economy, the natural resources prove to be an essential part of the Gomel Trade and Industry.
Gomel manufacturing industries include steel and rolled metal production, chemical, woodworking, machine building, timber, light and food industries. Finished goods prove to be an intricate part of Gomel export. About one third of the total production is exported to the overseas territories. The processed goods include products of oil-refining, sulphuric acid,combine harvesters. Some of the other phosphate fertilizer, bearings, furniture, lathes, glass, cardboard,
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wall paper, paper, construction materials, white salt, soap, processed agricultural produce.
Banks in Gomel too have played a significant role in the financial sector of the city and the country as a whole. Overseeing the financial aspect of the clients, the Gomel banks boast of quality services. Ome of the important banks in Gomel are:
- Gomel branch AKB “Prior bank”
- Gomelprofbank
- Gomel bank of Belarus commercial agricultural bank
- Gomel branch of commercial bank “Poisk”
- Branch of commercial bank “Dykat”
The growth and development of the Gomel Trade and Industry is the result of the combined efforts of the industrial and the financial sectors of Gomel.
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