Business news

Second tanker delivers American oil for Belarus to Klaipeda port
It is the second batch of American oil delivered for Belarus by a tanker ship. This oil blend was chosen as an analog replacement of the Russian blend Urals for European oil refineries...

NASB-BelCCI exhibition cooperation results in $0.5bn worth of export contracts
"We have a huge potential. We need to learn how to demonstrate the country, accomplishments of Belarusian scientists all over the world in order to secure an economic effect among other things"...

Belarus' gold, forex reserves up 0.7% to $8.9bn in July
In July 2020, the country's gold and foreign currency reserves went up by $61.8 million (or 0.7%), after being $916.4 million (11.63%) up in June...

Belarus showcases its agricultural export capacity in Nigeria
"Ambassador Extraordinary and Plenipotentiary of Belarus to Nigeria Vyacheslav Bril met with Minister of Agriculture and Rural Development of Nigeria Sabo Nanono on 5 August"...

Belarus’ Development Bank raises €20m loan from Banca Intesa
"We are ready to keep cooperating with such an authoritative financial institution in order to facilitate economic growth and implementation of most socially important investment programs both in Belarus and in the Union State"...

Bellesbumprom’s export to China up 40.9% in H1
"The concern used to supply only cellulose, paper and cardboard to this market, however, today it added timber and plywood to its export portfolio"...

Non-CIS share in export of Belarusian heavy truck maker BelAZ goes up
BelAZ’s accomplishment is attributed to sales in 14 non-CIS states – India, Mongolia, Algeria, Poland, Bulgaria, Bosnia and Herzegovina, and other ones...

Tariff on oil transportation from Belarusian Mozyr to Adamova Zastava in Poland set
In line with the document the tariff on oil transportation stands at Br8.43 per net tonne without VAT. Representatives of the Belarusian Antimonopoly Regulation and Trade Ministry explained that the tariff had been set due to the need to organize oil deliveries to Mozyr Oil Refinery...

Belarus to buy 1.21m tonnes of Russian oil in August
In addition, Belarus expects two tankers carrying Azerbaijani and U.S. oil with a total volume of 160,000 tonnes...

Nuclear power plant expected to secure breakthrough into future for Belarus
"The significance of the Belarusian nuclear power plant for ensuring energy security and for our economy as a whole is simply huge. The development of the education system, technologies is connected to it"...

Comfortable conditions for IT industry in Belarus pointed out
Aleksandr Lukashenko reminded that the Belarusian IT industry's export amounted to $2.5 billion in 2019...

Belarusian MAZ to ship batch of vehicles to Zimbabwe
The contract provides for shipping five MAZ-646087 truck tractors and five MAZ-937900-010 semi-trailers to this African country...

Belarusian Universal Commodity Exchange introduces special session to export wood fuel
Up till now wood fuel has been available for purchase together with other kinds of commercial timber. However, a noticeable increase in the interest in Belarusian fuel products on the part of foreign companies has been registered...

Tanker with Azerbaijan oil for Belarus to arrive in Odessa in on 4-5 August
This year SOCAR has sent five tankers with about 420,000 tonnes of oil to Belneftekhim through the port of Odessa and the Odessa-Brody pipeline...

Belarus raises oil export duties on 1 August
The export duty on crude oil went up from $37.8 per tonne to $46.9 per tonne...

Belarus, Uzbekistan interested in developing cooperation in mechanical engineering
The parties noted the need to expand the model range of MTZ vehicles for the joint production. Assembling excavators and loaders based on Belarusian tractors is a promising area, the embassy said...

China-Belarus industrial park to possibly get seven new resident companies by year end
At present the park is home to 63 resident companies. The declared volume of investments exceeds $1 billion...

Minister: Belarus offers attractive conditions for investment
Given the high competition for investment worldwide, Belarus continues to improve its national investment legislation...

Belarus’ central bank expects prices to grow more slowly
According to Sergei Kalechits, the intensity of inflation processes is going down thanks to a number of factors...

BUCE, Miory Rolling Mill team up to export tinned iron
"Ours is an export-oriented enterprise. Scandinavia looks like the most interesting market for us. First of all because of the favorable price situation and the steadily high demand for tinned iron"...