Business news

Minister: Belarus’ investment legislation corresponds to best international practices
"Our long-term goal is to create the most competitive conditions for investing and doing business in the Eurasian Economic Union"...

New resident of free economic zone Brest to make furniture
The company intends to invest over €1 million in the implementation of the project and create at least 30 jobs...

Lukashenko promises support to honest private companies that benefit country, nation
Aleksandr Lukashenko noted that the fight against corruption will continue unabated as well...

Lukashenko on agriculture: We have changed farmers’ labor
"Agriculture has been a priority. The demand for food will be growing"...

Refinancing rate to go down to 7.75% in Belarus on 1 July
"The inflation is slowing down faster than we expected. In May, the growth in consumer prices came at 4.9% year-on-year, while in April it was at 5.4%. The year-on-year core inflation slowed down to 3.9% (4.5% in April 2020)"...

Belarus’ central bank urged to reduce refinancing rate
"All countries are actively reducing it in a bid to revive their economies. The consumer price index is within the social and economic development forecast, this is why we should work harder to make bank loans cheaper"...

FEZ Minsk's new resident to launch paper wrapper production in Shabany
The company uses modern equipment and high-quality raw materials. It is export oriented. The main sales market is the CIS countries...

BKM Holding to ship compact electric buses to Georgia's Batumi
The presentation of this model to the Batumi city authorities took place in July 2017. BKM Holding CEO Vladimir Korol said in an interview with BelTA that in 2019 that the company won the tender to supply electric buses to the Georgian city...

Belarus may import 5.75m tonnes of oil from Russia by pipeline in Q3 2020
Ten companies will supply oil to Belarus: Rosneft, Lukoil, Surgutneftegas, Gazprom Neft, Tatneft, Bashneft, RussNeft, Zarubezhneft, Yangpur, and Neftisa...

Heavy trucks made by Belarusian BelAZ exported to 20 countries so far this year
The company sold 11.7% of the output on the home market. BelAZ exported 88.3% of the output (34.7% up), including 37.5% to Russia and 11.3% to other CIS states...

Belinterexpo plans over 30 exhibitions for Belarusian manufacturers in H2 2020
"We monitor the situation on a regular basis, see where there is a good chance that the event will take place. In some cases, the organizers are doing their best to secure maximum safety and thus ensure that the exhibition takes place"...

Belarusian steel mill BMZ reports strong export figures
In January-April 2020 BMZ exported products to 48 countries. The focus of the shipments shifted a bit from Africa and the Middle East to the European market...

Belarusian Unison starts assembling Changan cars
A compact crossover Changan CS35 Plus was the first car to roll off Unison’s assembly line. The company intends to start making other models in the future as well...

Belarusian cheese now available in Japanese stores
The first aisle of Belarusian dairy products was unveiled in the Nissin World Delicatessen retail chain in Tokyo on 14 June. It features the goods made by OAO Savushkin Product dairy and OAO Turov Dairy Plant...

Twenty-two companies named winners of Belarus’ Best Exporter of the Year contest in 2019
This time 163 enterprises advanced to the finals, which was almost 10% more than last year...

Belorusneft’s northern asset in Russia to extract more gas, gas condensate in 2020
In 2020 Oil Company Yangpur is expected to extract over 700 million m3 of natural gas and 80,000 tonnes of gas condensate...

Belarusian BelAZ ships two 240t haulers to Kachkanarsky mining plant
According to the plant, the first 240-tonne BelAZ was put into operation at the EVRAZ KGOK in August 2019. It became a pioneer rock hauler for mining companies in Sverdlovsk Oblast in the class of equipment of such an impressive lifting capacity...

Great Stone park to launch production of electric scooters
The new resident of the park also plans to develop software and management systems for an electric scooter sharing system...

State support for Belarusian companies to hinge on fulfillment of business plans
"Decisions will be made taking into account many factors. For now the government evaluates all the enterprises actually every day to determine what can be done now in order to minimize the negative effect that we see after 4-5 months into this year"...

Golovchenko: MAZ needs to be resilient to external shocks
"It is one of the brands that have made Belarus famous. Matters of stable operation, steady development of MAZ are surely in focus of the country’s leadership and the government"...