Business news

Belarusbank, UBS Switzerland AG to finance purchase of Stadler trains for Belarusian Railways
The company has already started producing ten five-car FLIRT trains for Belarusian Railways. The first new electric train will be launched in July 2021...

Plans to sell Belarusian wood pellets to Europe
The forestry enterprises where new pellet plants have been set up intend to export at least 10,000 tonnes of fuel pellets in August...

Foreign investments in Belarus at $4.5bn in H1 2020
Among the main investors in Belarus were economic entities of Russia (42.8% of the total), Cyprus (10.9%), and Austria (7.9%)...

Belarus’ agricultural export to Uzbekistan up 3.3 times in H1 2020
The ambassador and the minister also reviewed progress in implementing Belarus-Uzbekistan joint projects in the agricultural sector, including projects to set up a milk processing complex and a selection breeding center and a project to launch production of veterinary medicines...

Lukashenko: Belarus should boost food export
"All countries have gone on a lockdown, while we keep working. Go ahead and sell your products. Markets are open, you just need to work harder"...

Price controls on staples to remain in place in Belarus till 2021
At the same time, Vladimir Koltovich noted that price controls as such make sense only when they are used for a short period of time – not longer than a year...

Belgospishcheprom companies launch exports to 18 countries in H1 2020
"The concern sells to a total of 58 states. Work is underway to set up a trading representation in China"...

Belarusian Belorusneft builds four wellbores in July
The Svetlogorsk drilling department did the work. All the wells but one are over 3km deep. The exception is 2,880m deep...

Lukashenko lauds BNBC's advanced full-cycle agricultural facility
According to Aleksandr Lukashenko, construction works continued even amid the complicated epidemiological situation. As a result, builders did not fall behind the schedule and are now even ahead of it...

Second tanker delivers American oil for Belarus to Klaipeda port
It is the second batch of American oil delivered for Belarus by a tanker ship. This oil blend was chosen as an analog replacement of the Russian blend Urals for European oil refineries...

NASB-BelCCI exhibition cooperation results in $0.5bn worth of export contracts
"We have a huge potential. We need to learn how to demonstrate the country, accomplishments of Belarusian scientists all over the world in order to secure an economic effect among other things"...

Belarus' gold, forex reserves up 0.7% to $8.9bn in July
In July 2020, the country's gold and foreign currency reserves went up by $61.8 million (or 0.7%), after being $916.4 million (11.63%) up in June...

Belarus showcases its agricultural export capacity in Nigeria
"Ambassador Extraordinary and Plenipotentiary of Belarus to Nigeria Vyacheslav Bril met with Minister of Agriculture and Rural Development of Nigeria Sabo Nanono on 5 August"...

Belarus’ Development Bank raises €20m loan from Banca Intesa
"We are ready to keep cooperating with such an authoritative financial institution in order to facilitate economic growth and implementation of most socially important investment programs both in Belarus and in the Union State"...

Bellesbumprom’s export to China up 40.9% in H1
"The concern used to supply only cellulose, paper and cardboard to this market, however, today it added timber and plywood to its export portfolio"...

Non-CIS share in export of Belarusian heavy truck maker BelAZ goes up
BelAZ’s accomplishment is attributed to sales in 14 non-CIS states – India, Mongolia, Algeria, Poland, Bulgaria, Bosnia and Herzegovina, and other ones...

Tariff on oil transportation from Belarusian Mozyr to Adamova Zastava in Poland set
In line with the document the tariff on oil transportation stands at Br8.43 per net tonne without VAT. Representatives of the Belarusian Antimonopoly Regulation and Trade Ministry explained that the tariff had been set due to the need to organize oil deliveries to Mozyr Oil Refinery...

Belarus to buy 1.21m tonnes of Russian oil in August
In addition, Belarus expects two tankers carrying Azerbaijani and U.S. oil with a total volume of 160,000 tonnes...

Nuclear power plant expected to secure breakthrough into future for Belarus
"The significance of the Belarusian nuclear power plant for ensuring energy security and for our economy as a whole is simply huge. The development of the education system, technologies is connected to it"...

Comfortable conditions for IT industry in Belarus pointed out
Aleksandr Lukashenko reminded that the Belarusian IT industry's export amounted to $2.5 billion in 2019...