Business news

Number of online stores in Belarus 6.5% up since early 2020
According to the data of the Trade Register, in the past five years, the number of online stores grew by 10,922 stores (93.9%) and equaled 22,552 as of 1 January 2020...

Belarus raises oil export duties on 1 July
The export duty on crude oil went up from $8.3 per tonne to $37.8 per tonne...

Italy eager to raise trade with Belarus up to €1bn in 2020
Italy is interested in cooperation with Belarus in various branches of the economy in which Italian enterprises are internationally recognized leaders. Those include power engineering, innovative technologies, pharmaceutics, and civil engineering...

Minsk to host Belarus-Italy forum on green economy on 13 October
Plans are also in place to hold the International Ecology Online Exhibition ahead of the forum...

Minsk to host Ecology Expo - 2020 on 27-29 August
Ecology Expo is a large-scale exhibition and convention event in the field of ecology, environmental protection, environmental protection technology, equipment, and services...

Tanker with 85,000t of oil for Belarus arrives at port of Odessa
Belneftekhim expects the oil to reach Mozyr Oil Refinery on 10-15 July...

BUCE eager to introduce forward contracts for agricultural products
BUCE analysts believe that forward contracts will be popular with Belarusian agricultural producers since they will allow the farmers to more properly build a selling strategy and accelerate the turnover of merchandise...

Belarus to increase oil export duties on 1 July
The export duty on crude oil will go up from $8.3 per tonne to $37.8 per tonne...

Lukashenko wants universities train multidisciplinary specialists with IT skills
The president noted that the IT-majors coupled with other majors such as biological, chemical, economic and even law majors educate a modern-day man...

Government counts on foreign funding to retool Belarusian tractor factory MTZ
"The enterprise should grow on. The most important thing now is to determine the maximum configuration, how much investment is needed, and what the payback will be"...

Lukashenko commends decision to keep Belaruskali in state ownership
The president asked a rhetorical question: why sell the enterprise if it functions well, performs all the tasks?..

Belarus interested in setting up proprietary enterprises in UAE
In 2019 Belarus-UAE trade was close to $90 million. The main exports were special-purpose goods, petrochemical and woodworking products, and foods...

Belarus’ central securities depository granted ANNA full membership status
"Obtaining this status enables the central depository to participate in ANNA's general meetings with the right to vote, opens access to the association's projects to develop and apply the advanced international standards used in financial markets"...

S&P affirms Belarus’ Development Bank 'B/B' ratings with stable outlook
According to the agency, the Development Bank of the Republic of Belarus (DBRB) has an integral link with and critical role for the government of Belarus given that it implements a number of priority state projects...

Belarus raises $1.25bn from eurobond issue
According to the Finance Ministry, Belarus issued bonds worth $500 million with the maturity period of 5.7 years (to be redeemed in February 2026) and the interest rate at 5.875%; they will be quoted at 98.799 (98.799% of their par value)...

Belarus, Hungary to expand cooperation in poultry farming
"The 1st Minsk Poultry Factory and Hungary’s Babolna Tetra signed an agreement on breeding layer young stock. The Hungarian partner will supply the 1st Minsk Poultry Factory with day-old nucleus chickens from the Tetra brown and Tetra white baseline crosses to improve the quality of the Belarusian cross and to provide Belarusian poultry factories with nucleus layer stocks"...

Belneftekhim expects Azerbaijani oil to arrive in Odessa by 1 July
He confirmed that the tanker will bring 85,000-90,000 tonnes of oil...

Lithuania named top buyer via BUCE in January-May 2020
The top three export markets also included Latvia and Germany that bought $26 million and $24 million worth of goods via the exchange respectively...

Belagro 2020 expo moved to 22-26 September
The expos were to take place on 1-5 September...

Belarus to buy 1.58m tonnes of Russian oil in July
"There are plans to satisfy the rest of the demand with shipments by tanker ships. Work is in progress on volumes and suppliers"...