Business news

Made in Belarus online exhibition to kick off on 16 June
The exhibition will take the form of an online platform consisting of stands of companies grouped in two pavilions...

Belarus’ new anti-inflation program to be drafted by August 2020
The working group is set to prepare proposals on improving antimonopoly activities as well as the pricing, monetary, and fiscal policies...

First tanker with Saudi oil for Belarus reaches Port of Klaipeda
The crude will be delivered to the Belarusian oil refinery starting from 16 May if the oil transportation by rail goes as planned...

Inflation in Belarus at 0.6% in April 2020
Prices for foods rose by 1.3% from March 2020...

Bellesbumprom exports up 5% in Q1 2020
Non-CIS countries accounted for 50.5% of the exports. The growth in monetary terms made up 4.9%...

Belarus lifts ban on export of gauze, bandages, cotton wool, face masks
Face masks (single- or multi-use) are also eligible for export now, provided they are produced in Belarus...

Springtime sowing in Belarus over 90% complete
As of 11 May, some 48.700 hectares were planted with flax, which is more than 96% of the allocated areas. A total of 20,700 hectares (94.7%) were sown with potatoes, 3,780 hectares (84%) with vegetables...

Bellegprom: PPE supplies in Belarus meet demand
Given a wide production of protective masks in Belarus, the companies have started to promote their products in the markets of the European Union and the CIS countries...

Agriculture conditions in Belarus may change substantially by 2050
"The length of the active vegetation period for crops will be increased by roughly three weeks. The sum of active temperatures in northern parts of the country will reach levels that are characteristic in southern parts at present"...

Another package of measures to support Belarusian economy amid pandemic
"Today the government is working on about four presidential decrees, which will stipulate measures to support various branches of the national economy affected by the pandemic"...

Belarus’ HTP resident company designs software to get COVID-19 test results faster
"The software product from the medical startup Aybion Technologies has expedited the receipt of COVID-19 test results by 25%"...

Belarus floats RUB10bn in government bonds in Russia
The bonds were sold in full...

Belneftekhim working on importing oil to Belarus via Polish Gdansk
"We intend to seriously prepare for the new oil market that will emerge after the crisis and the pandemic"...

Bellegprom to start exporting face masks to Russia, Germany in May
The first batch of face masks is expected to be delivered to Russia in the near future. Plans are in place to export one million of masks to Germany...

Belarus expects to attract €90m from World Bank to tackle COVID-19
"We have already completed all our internal procedures. The bank is almost ready, too. I think that very soon there will be an announcement about the project taking effect"...

Belarus’ merchandise export to Latvia at nearly $64m in Q1
According to the diplomat, in order to step up export the Belarusian Embassy in Latvia and the Consulate General in Daugavpils are helping to organize joint production facilities and develop commodity distribution networks...

Belarusian government eager to sign long-term contracts on alternative oil deliveries
"I hope once we resolve all the technical problems, we will be able to choose the optimal options out of those we have today and will come to terms on long-term contracts then"...

Belarusian-Russian agreement on interbudget transactions in oil trade nearly ready
According to the source, the implementation of the Belarusian-Russian arrangement that the Russian state budget will compensate the remaining part of the premiums on oil deliveries is in the final stage...

Belarus’ gold, forex reserves up 1.2% to $7.9bn in April
The growth in the international reserve assets in April was driven by the purchase of foreign currency at the Belarusian Currency Stock Exchange by the National Bank...

UNDP’s three-year-long project to develop entrepreneurship in Belarusian towns over
Free education will remain available even after the project is finished thanks to efforts of the business incubators, which had received educational equipment, including equipment for remote education...