Business news

Belarus, Russia’s Chelyabinsk Oblast eager to start assembling buses, tractors
The sides exchanged up-to-date information about the social and economic situation in Belarus and Russia. Key aspects of bilateral cooperation were discussed...

Belaruskali reports record-high fertilizer shipment, export figures in June
In June 2020 the company extracted 5,004,057 tonnes of ore, thus setting a new absolute record. The gross output of potassium chloride amounted to 1,142,293 tonnes...

State support to Belarusian economy amid COVID-19 pandemic already close to Br23m
Apart from that, the government has decided in favor of selling more machines, vehicles, and equipment on the home market. The measure is supposed to help keep key enterprises busy...

Belarus, Russia's Orenburg Oblast seek to step up cooperation
The government of Orenburg Oblast has proposed to set up a virtual showroom on the website of the regional export promotion center to showcase Belarusian manufacturers...

Lukashenko talks about incentives for big business in Belarus
"This is why it is necessary to more cautiously work with foreign investors today. We have to support our own as best as we can. And we will support our own businessmen"...

Minsk’s business climate touted as one of best in the CIS
The head of state noted that the Financial Times placed Minsk fourth in terms of cost effectiveness on its European Cities and Regions of the Future 2018/19 ranking...

Transition to electric vehicles among Belarus' priorities for 2021-2025
"We just should not lag behind here. If we lag behind, it will be bad. Therefore, we will have to run not to lag behind, even if it is difficult"...

Belarusian BKM Holding to deliver 35 trolleybuses to Chisinau
The contract provides for the delivery of 30 trolleybus kits of 321 model and 5 articulated trolleybus kits of 43303 model...

Belarus' gold, forex reserves up by 11.6% to $8.8bn in June
Belarus' gold and foreign exchange reserves were bolstered thanks to the revenues from eurobond sale by the Finance Ministry...

Belarusian machine tools manufacturer busy penetrating new markets in Europe
In January-May 2020 the growth of export to non-CIS states amounted to 145%. The company exports 50-80% of the output...

Number of online stores in Belarus 6.5% up since early 2020
According to the data of the Trade Register, in the past five years, the number of online stores grew by 10,922 stores (93.9%) and equaled 22,552 as of 1 January 2020...

Belarus raises oil export duties on 1 July
The export duty on crude oil went up from $8.3 per tonne to $37.8 per tonne...

Italy eager to raise trade with Belarus up to €1bn in 2020
Italy is interested in cooperation with Belarus in various branches of the economy in which Italian enterprises are internationally recognized leaders. Those include power engineering, innovative technologies, pharmaceutics, and civil engineering...

Minsk to host Belarus-Italy forum on green economy on 13 October
Plans are also in place to hold the International Ecology Online Exhibition ahead of the forum...

Minsk to host Ecology Expo - 2020 on 27-29 August
Ecology Expo is a large-scale exhibition and convention event in the field of ecology, environmental protection, environmental protection technology, equipment, and services...

Tanker with 85,000t of oil for Belarus arrives at port of Odessa
Belneftekhim expects the oil to reach Mozyr Oil Refinery on 10-15 July...

BUCE eager to introduce forward contracts for agricultural products
BUCE analysts believe that forward contracts will be popular with Belarusian agricultural producers since they will allow the farmers to more properly build a selling strategy and accelerate the turnover of merchandise...

Belarus to increase oil export duties on 1 July
The export duty on crude oil will go up from $8.3 per tonne to $37.8 per tonne...

Lukashenko wants universities train multidisciplinary specialists with IT skills
The president noted that the IT-majors coupled with other majors such as biological, chemical, economic and even law majors educate a modern-day man...

Government counts on foreign funding to retool Belarusian tractor factory MTZ
"The enterprise should grow on. The most important thing now is to determine the maximum configuration, how much investment is needed, and what the payback will be"...