Business news

EBRD estimates investments in projects in Belarus in 2020 at $400m
The EBRD did not rule out that the total volume of finance may be adjusted taking into account needs of specific clients...

Belarus still intent on floating eurobonds in 2020
"Let’s see how the situation will unfold. The markets have not been closed. Opportunities for our floatation are still ope"...

Belarus considering borrowing from EDB, AIIB
"We are in negotiations on financing the expenses relating to the support of healthcare institutions in the complicated epidemiological situation and the support of small and medium businesses"...

Finance Ministry: No problems with Belarus’ state debt commitments
He described the absence of a comfortable access to international borrowing markets as this year’s complication. Maksim Yermolovich said he hopes the situation will be temporary...

Belarus seeks $1bn loan from EBRD to support coronavirus-hit sectors
According to Dmitry Krutoi, all previously signed agreements with the EBRD are under implementation...

EU to support three business initiatives in Belarusian regions
The aggregate budget to support the three initiatives is estimated at $250,000. These projects will help businesses to better respond to the changing economic environment caused by emergencies like the COVID-19 pandemic...

Presidential decree drafted to support Belarusian economy
The draft presidential decree will apply to lessees (borrowers) of the real estate owned by the state and by companies with a state share in excess of 50%...

Belarus seeks €140m loans from WB, EIB to fight COVID-19
"These funds will be spent on purchasing medicines, medical products, and equipment for healthcare facilities, including respirators, face masks, protective clothing, goggles, test kits, ultrasound machines, ventilators, oxygen concentrators, mobile intensive care units, and so on"...

About 100 Belarusian enterprises reoriented to make face masks
"About 27 major enterprises have been reoriented and now make medical masks. About 70 small, private companies are involved in the process as subcontractors"...

Real money income in Belarus up 7.1% in January-February 2020
Salaries accounted for 62.8% of the total money income...

Belarusian MTZ doubles export to Tajikistan in Q1 2020
"In January-March 2020, we shipped more than 100 tractors and tractor knock-down kits to Tajikistan"...

Stimulus package for Belarus tourism industry expected within month
"We will also propose a support package. We need relief on taxes, loans and rent payments. We are working on it"...

Belarus president in favor of more adaptive price for natural gas
Aleksandr Lukashenko remarked that since the member states have yet to create common energy markets in the Eurasian Economic Union, it is necessary to come to an agreement on how to proceed in the current situation...

Targeted measures to support businesses, households in Belarus
In particular, there are plans to allow businesses to pay their taxes later and to authorize local councils of deputies to introduce property tax deductions and tax holidays for individual entrepreneurs and self-employed people...

Belarusian MAZ raises export to non-CIS states by nearly 2.4 times in Q1 2020
The company’s export area is rather large. MAZ trucks, passenger vehicles, and special-purpose vehicles enjoy a strong demand in many regions, including the Middle East and the Far East, Central Asia and Southeast Asia, Africa, and Latin America...

Eight haul trucks made by Belarusian BelAZ get down to work in Indonesia
Taking into account wishes of Indonesian partners and climate conditions BelAZ trucks are fitted with “tropical” options: properly selected rubber, an air conditioner, and a special cooling system...

Belarus president to visit manufacturers of protective means soon
The head of state instructed the Belarus President Administration to compile a list of enterprises that make protective means or can make them...

Belneftekhim signing contracts with major Russian companies
"We are gradually reaching the two million tonnes we intended to acquire"...

Tanker with 85,000t of Norwegian oil for Belarus expected to arrive in Klaipeda today
"A tanker delivered 85,000 tonnes of Azeri Light oil from SOCAR to the Yuzhny port of Odessa yesterday"...

Belarusian BelAZ ships another batch of haul trucks to Russian mining company Apatit
BelAZ trucks are shipped to Russia in line with the agreement signed in September 2019. At least 50 haul trucks will be shipped within the next three years...