Business news

Belarus, Hungary to cooperate in poultry farming
Thanks to this project, from this year Belarus will not almost have to import breeding flocks of laying hens...

Belarusian biotech corporation expected to earn $1bn within years
According to the source, the first stage of feed compound production will be launched soon. The second stage of amino acid production will be launched next year roughly eight months ahead of the projections...

Over 250 companies from 13 countries featured at online Spring in Gomel exhibition
The company's online platform features 11 different industries (food, engineering, woodworking, metalworking, construction, engineering, chemical and petrochemical products, light industry, banking, legal and insurance services, etc.)...

Belarus eager to get some 1.1m tonnes of oil from Russia in June
As for alternative deliveries, Belneftekhim expects a tanker carrying American oil to arrive in Klaipeda by 5 June on schedule...

Belarusian construction materials manufacturer Keramin taps into Swedish market
Thus, in January-April of this year, the export of ceramic tiles to Azerbaijan, Armenia, Kazakhstan, Moldova and Estonia have grown. All in all, OAO keramin shipped $11.4 million worth of tiles in January-April...

EBRD to expand local-currency lending to SMEs in Belarus
"Providing funding in local currency will limit the risks that borrowers face with regard to exchange rate"...

EDB starts trading on Belarusian Currency and Stock Exchange
"Trading on the stock market of the Belarusian Currency and Stock Exchange will help the Eurasian Development Bank to expand its presence on the financial market of the Republic of Belarus"...

Lukashenko speaks about financial support of enterprises
Aleksandr Lukashenko stressed that is it important for enterprises to continue working in the current situation to continue paying salaries to employees...

Belarus' external state debt at $16.6bn in January-April 2020
In January-April 2020, Belarus spent $567.3 million to repay the external state debt...

German investor to put over Br1m in concrete products manufacturing in Vitebsk
Initially, it is planned to create up to 20 jobs. The German partner is ready to train employees, provide procurement and installation of equipment, as well as supply specialized transport...

Belarusian BelAZ trialing RC trucks in Russia’s Republic of Khakassia
5G coverage is available in an area 1.5km long. The network covers the entire length of the route the unmanned vehicles use as part of the coal-mining operation...

Belarusian steel mill BMZ to sell products to Ukraine via BUCE
"In line with the agreement with the BMZ, only one commodity position, i.e. reinforcing bar A500C, will be exported at the initial stage, with the supply to the border of Belarus"...

Output, export of Belarusian agribusiness rise despite COVID-19
"This year we intend to export $5.7 billion worth of agricultural products and food, with the growth rate at 104.2% as against 2019"...

Fitch affirms three Belarusian state-owned banks at 'B'; Outlook Stable
The IDRs, SRs and the SRFs of the three banks are driven by support from the Republic of Belarus (B/Stable) in case of need. The Stable Outlooks on the banks' Long-Term IDRs mirror that on the sovereign, the agency said...

Belarus fully meets its needs in meat, dairy products
Belarus has reached the highest food self-sufficiency rate in the Eurasian Economic Union. It relies 96% on domestic food production to meet its food needs...

Belarusian BelAZ trials dump truck with Stage 5 engine in Poland
The BelAZ-7551I truck is powered by a 16-liter Volvo Penta TWD1683VE engine with the power capacity of nearly 800hp (585kW) that meets the European emission standards Stage 5...

Belarus to increase oil export duties on 1 June
The export duty on crude oil will go up from $6.8 to $8.3 per tonne...

Belarusian Railways enables contrailer transportation to, from Russia’s Kaliningrad Oblast
Contrailer transportation allows expanding the number of railway service customers and shift cargoes from automobile transport to railway transport...

Belneftekhim sees no problems with redirecting export after Russian ban on fuel import
"The share of shipments to Russia in the total export volume was small. This is why the volumes we will be unable to sell in Russia will be redirected to other markets without hurting our export"...

Belarus PM takes stock of state program implementation in 2019
"According to the consolidated report, 58% of the programs implemented in 2019 are classified as highly effective and efficient. In 2018, there were only 50% of such programs"...