Business news

Lukashenko orders to create strategic petroleum reserve
"Today oil is cheap, we should buy it, produce petroleum products and create certain reserves. By the end of the meeting we should have an understanding of what kind of reserves this will be"...

BelAZ haulers start working in Russia’s Krasnoyarsk Krai
In 2020, Rusal plans to purchase several dozens of haulers...

MTZ to ship second batch of tractors to Sudan
"The batch to Sudan will include more than 100 tractors. This is the second shipment in 2020. As of early April, the export has already succeeded the 2019 figures"...

Transit truckers allowed to rest, refuel in Belarus only in specific locations
Transport Inspection officials hand out a map with these locations to drivers, who transport freight by road in transit, at the Belarusian-Russian border...

S&P affirms Belarus’ ratings at 'B'
Belarus has remained committed to a largely floating currency and has pursued a tighter fiscal policy, while also accumulating additional foreign exchange reserves...

Russian oil flows to Belarusian oil refineries according to routing instructions
The Belneftekhim representative did not specify what companies will supply Belarus with oil in April...

Several Belarusian coronavirus test kits undergoing clinical trials
As of 8:00 on 3 April there were 10,640 test kits to diagnose coronavirus in Belarus. Another 10,000 test kits will be delivered one of these days...

Belarusian farmers urged to boost dairy production, expand sales markets
The head of state named China among big promising markets...

Lukashenko urges local executives to focus on production efficiency
"If there is money in the budget, if there is a yearly increase in a local budget, a governor can allocate a certain amount for stimuli. Who needs these weight gains? The main objective is to earn money"...

Belneftekhim confirms 2m tonnes of oil supplies in April
At the moment the suppliers' prices for Urals crude oil for Belarus amounts to $4 per barrel...

Lukashenko instructs to ramp up buckwheat production in Belarus
"We need to produce more buckwheat to meet Belarus’ demand"...

Belarus’ Customs to expedite clearance of essential commodities for domestic consumption
Yuri Senko added that the Belarusian customs service had already created green corridors for clearing essential goods, which are transported via Belarus to other countries, on a priority basis...

Belarus unveils Br110m fiscal stimulus package to support economy over coronavirus
"They provide for a number of monetary and prudential measures, support for the real economic sector and protection of the consumer market"...

Government working on second package of measures to support Belarusian economy
The package will focus on supporting the production sector and the civil engineering industry...

Belarus expects to get 2m tonnes of Russian oil at $4 per barrel in April
Sergei Rumas underlined that the oil will be supplied without premiums...

Belarusian BelAZ ships haul trucks to Armenia
One of the three new BelAZ trucks is being tuned and will soon be commissioned. The two other trucks will be commissioned by the end of April...

Belarus reduces export duties on oil, oil products
The export duty on crude oil went from $66.9 down to $52 per tonne...

Belarusian government curbs price growth to 0.5% per month
A price increase beyond the specified limit can be authorized by the commission for the state regulation of pricing under the Council of Ministers...

Belarus’ Finance Ministry sells $160m worth of government bonds in Q1 2020
All government bonds were sold via the trade system of OAO Belarusian Currency and Stock Exchange...

Belarus’ light industry suggests revision of market rules due to COVID-19 outbreak
"If in this situation we will treat our own market as we have treated it before, including in terms of second-hand, counterfeit goods, it will probably be very difficult for many conscientious manufacturers in the period of reduced demand"...