Business news

Belarusian banks earmark over Br2.2m for healthcare facilities amid COVID-19
Assistance is provided to healthcare facilities across the country. For example, the banks transferred about Br570,000 to the charity account of the Healthcare Ministry...

Fitch affirms Belgosstrakh at 'B'/Stable
Belgosstrakh's rating and Outlook are aligned with Belarus's Long-Term Local-Currency Issuer Default Rating (IDR)...

Belarus' agricultural export 9.8% up in Q1 2020
Export to Russia grew by 4.4%, to the CIS countries excluding Russia – by 24.7%, Asia and Oceania – by 2.2 times, America and the Caribbean – by 52.4%, the EU – by 54.3%...

Belarusian MAZ rolls out first electric bus
It is powered by accumulators able to store 412 ampere-hours of electricity. The cruising range is up to 300km...

Belarus’ Development Bank to support PPE, medical equipment makers amid COVID-19
The interest rate will be 0.5 of the refinancing rate of the National Bank of Belarus plus 2.5 percentage points, which is currently 6.88% per annum...

Bellegprom exports 58.3% of its output in Q1 2020
In January-March of 2020, Bellegprom's companies manufactured industrial products worth Br422.6 million...

Lukashenko instructs to study operation of MAZ electric buses
The head of state instructed MAZ to produce ten electric buses by May 2021 and deploy them in the Belarusian regions...

Belarus, China working on agreement on investment, trade in services
"Cooperation in working out an agreement is aimed at the implementation of the agreements of the heads of state of Belarus and China to strengthen investment cooperation with the focus on foreign direct investment"...

First shipment of Belarusian sugar sold via mercantile exchange to Kazakhstan
Plans are in place to use BUCE to expand the geography of export of Belarusian sugar and improve the effectiveness of sales by exploiting competition between foreign buyers...

New measures to ensure stable operation of production sector in Belarus
Aleksandr Chervyakov suggested employment and security as the key priorities all the actions and proposals should be centered around...

China to buy Belarusian potassium at $220 per tonne
The new price creates a solid foundation for stabilization, recovery, and consequent progressive development of the world potash market...

Bid book to sell RUB10bn worth of Belarusian government bonds ready
"The bid book contains over 40 bids. The demand on the part of natural persons amounted to RUB1.3 billion"...

Second Belarusian potash mining enterprise builds power substation
Thus, the Nezhinsky mining and processing factory that Slavkaliy is building, has acquired an additional permanent source of electricity...

Belarus to reduce oil export duties on 1 May
The export duty on crude oil will go down from $52 to $6.8 per tonne...

Plans to build trunk line Gomel-Gorki to diversify oil import to Belarus
OAO Gomeltransneft Druzhba is the customer for the services of designing and building the trunk line...

Belarus buys oil from Saudi Aramco
Belarus has bought 80,000 tonnes of oil from Saudi Aramco. A tanker is expected to deliver this oil to the Klaipeda port, Lithuania on 11 May...

Belarus to get 1.13m tonnes of oil from Russia in May, work with alternative sources to continue
"Work will continue with alternative sources as well. Volumes will be determined depending on the situation on the domestic market and foreign ones"...

Plans to harvest over 8m tonnes of grain in Belarus in 2020
As of 29 April as much as 809,000 hectares (94.1% of the targeted area) was sown with early spring cereals and leguminous crops (excluding corn, buckwheat, and millet)...

Belarusian Gomselmash exports 270 harvesters, machines sets in Q1
"All in all, shippings increased by 373% in Q1 over the same period of 2019"...

Agitation of Belarusian forex market in Q1 2020 attributed to volatile oil prices
"Volatility adds to profits if the bets are right"...