Business news

24 Dec 2019

Details of Belarusian-Russian talks on oil, natural gas revealed
If Belarus accepts the natural gas price Russia pushes for, it will have to seek alternative supplies just like, for instance, Russia did by starting the construction of the Nord Stream pipeline after encountering problems with gas transit in Ukraine...

20 Dec 2019

Belarus, Russia come to terms on energy resources, specific prices expected within days
Aleksandr Lukashenko said: “Today we’ve asked heads of the working group – [First Deputy Prime Minister of Belarus Dmitry] Krutoi and [Russian Economic Development Minister Maksim] Oreshkin to tell us what issues had been dealt with. Naturally the most complicated issues are left to be addressed. But only the figures as far as energy resources are concerned. We’ve reached a conceptual agreement that next year Belarus will buy roughly 20 billion m3 of natural gas from the Russian Federation. There are no restrictions”...

19 Dec 2019

Belarusian power grid to reduce natural gas consumption to 4bn m3 thanks to nuclear energy
The executive said: “The country consumes about 20 billion m3 of natural gas on the whole while the power grid consumes 10 billion. Once the two units of the Belarusian nuclear power plant are commissioned, the amount of gas consumed by the power grid will drop to 4 billion”...

19 Dec 2019

Belarusian nuclear power plant to get fuel in Q1 2020
The official said: “You know, the delivery of nuclear fuel is not a panacea. We are virtually ready to receive it. We will bring it 1-1.5 months ahead of the physical launch to avoid the slowdown of work on the first unit”...

18 Dec 2019

Prime minister, Rosatom head discuss Belarusian nuclear power plant construction
During the meeting the sides discussed progress in implementing the Belarusian nuclear power plant construction project and exchanged opinions...

17 Dec 2019

Belarus’ business climate assessed by international financial organizations
The Business Environment and Enterprise Performance Survey (BEEPS) is an extensive economic survey undertaken as a joint initiative of the World Bank, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB). The Business Environment 2019 is a project of the International Finance Corporation (IFC)...

17 Dec 2019

PM: 22 out of 34 big investment projects implemented in Belarus
The key investment projects are implemented in mechanical engineering and metallurgy, pulp and paper industry and woodworking sector, light industry, oil processing and petrochemical complex, energy sector and construction industry...

16 Dec 2019

Belarus promises residence permits to foreign specialists after three years
According to the source, the validity period of residence permits for highly-qualified foreign specialists has been extended. The required amount of time they need to live in the country in order to get residence permits later on has been reduced...

12 Dec 2019

Diplomats get closer look at Belarus’ capabilities in IT industry
Asked whether he had managed to surprise the diplomats, Vladimir Makei responded: “Many approached me and said it was a very interesting place, an interesting policy of the company. The most important thing for us is to allow diplomats to learn more about Belarus through participation in these events, through visits to enterprises and companies”...

6 Dec 2019

Belarus’ gold, forex reserves approach $9.2bn
In November 2019, the country’s gold and foreign currency reserves contracted by $34.9 million (or 0.4%) following the growth in October by $362.9 million (4.1%)...

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