Business news

9 Jul 2019

Financial monitoring units of Belarus, Canada to boost cooperation
The memorandum provides for the exchange of information associated with the legalization of income obtained by criminal means and financing of terrorist activities. The document entered into force from the moment of signing...

9 Jul 2019

Good prospects for floating Belarusian eurobonds to earn $1bn in 2020
"We have experience of floating to the tune of $1.4 billion [in 2017]. $1 billion is not the kind of money market players can start asking questions about or have doubts about sufficient resources for honoring the commitments"...

9 Jul 2019

Belarusian Finance Ministry to complete talks with China Development Bank on ¥3.5bn loan
"We initially counted on a loan from the Russian Federation. Today the matter of getting the Russian loan has been postponed a bit but as an alternative we’ve come to terms with Chinese creditors"

9 Jul 2019

Belarusian Economy Ministry expects GDP growth to accelerate in Q3 2019
Speaking about the GDP growth rate dropping to 101% in January-May 2019, Dmitry Yaroshevich explained the slowdown had been caused by external factors – trade wars all over the world, slower economy growth in Russia, and deliveries of polluted Russian oil to Belarus...

9 Jul 2019

Belarusian companies encouraged to tap Russian debt market
“We encourage our companies to tap the Russian market. We do not see obstacles. Today there are no restrictions,” Andrei Belkovets noted...

9 Jul 2019

Belarus plans to tap Russian bond market with ruble-denominated issue in July
Belarus Finance Ministry is planning to tap the Russian market with a RUB5-10 billion issue by the end of the year, Belarus Deputy Finance Minister Andrei Belkovets said...

8 Jul 2019

Belarus to sell 450,000 tonnes of potash fertilizers to Bangladesh
According to Yelena Kudryavets, it will bolster cooperation and will increase trade turnover. Belarusian potash sells well in Bangladesh. Its share on the market of Bangladesh is prevailing, she noted...

8 Jul 2019

Belarus expects to earn $2m on breeding cattle export
Igor Brylo noted that Belarusian cattle is commercially successful outside the country. Major sales markets are Russia, Georgia, and Kazakhstan. The volume of exports has already reached approximately $500,000 since the beginning of the year...

8 Jul 2019

IFC plans to invest $50-60m in Belarusian economy by 2019 year-end
The IFC is considering several investment projects, which are at an advanced stage of preparation. “We want to invest at least $50-60 million before the end of the year,” Olga Shcherbina informed...

8 Jul 2019

First projects in bonded area of China-Belarus industrial park Great Stone expected in 2019
The bonded area is designed to greatly simplify customs procedures. The practice is borrowed from China. The industrial park administration is intent on assimilating this and other cutting-edge practices as quickly and as effectively as possible...

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