Business news

Lukashenko commends decision to keep Belaruskali in state ownership
The president asked a rhetorical question: why sell the enterprise if it functions well, performs all the tasks?..

Belarus interested in setting up proprietary enterprises in UAE
In 2019 Belarus-UAE trade was close to $90 million. The main exports were special-purpose goods, petrochemical and woodworking products, and foods...

Belarus’ central securities depository granted ANNA full membership status
"Obtaining this status enables the central depository to participate in ANNA's general meetings with the right to vote, opens access to the association's projects to develop and apply the advanced international standards used in financial markets"...

S&P affirms Belarus’ Development Bank 'B/B' ratings with stable outlook
According to the agency, the Development Bank of the Republic of Belarus (DBRB) has an integral link with and critical role for the government of Belarus given that it implements a number of priority state projects...

Belarus raises $1.25bn from eurobond issue
According to the Finance Ministry, Belarus issued bonds worth $500 million with the maturity period of 5.7 years (to be redeemed in February 2026) and the interest rate at 5.875%; they will be quoted at 98.799 (98.799% of their par value)...

Belarus, Hungary to expand cooperation in poultry farming
"The 1st Minsk Poultry Factory and Hungary’s Babolna Tetra signed an agreement on breeding layer young stock. The Hungarian partner will supply the 1st Minsk Poultry Factory with day-old nucleus chickens from the Tetra brown and Tetra white baseline crosses to improve the quality of the Belarusian cross and to provide Belarusian poultry factories with nucleus layer stocks"...

Belneftekhim expects Azerbaijani oil to arrive in Odessa by 1 July
He confirmed that the tanker will bring 85,000-90,000 tonnes of oil...

Lithuania named top buyer via BUCE in January-May 2020
The top three export markets also included Latvia and Germany that bought $26 million and $24 million worth of goods via the exchange respectively...

Belagro 2020 expo moved to 22-26 September
The expos were to take place on 1-5 September...

Belarus to buy 1.58m tonnes of Russian oil in July
"There are plans to satisfy the rest of the demand with shipments by tanker ships. Work is in progress on volumes and suppliers"...

Minister: Belarus’ investment legislation corresponds to best international practices
"Our long-term goal is to create the most competitive conditions for investing and doing business in the Eurasian Economic Union"...

New resident of free economic zone Brest to make furniture
The company intends to invest over €1 million in the implementation of the project and create at least 30 jobs...

Lukashenko promises support to honest private companies that benefit country, nation
Aleksandr Lukashenko noted that the fight against corruption will continue unabated as well...

Lukashenko on agriculture: We have changed farmers’ labor
"Agriculture has been a priority. The demand for food will be growing"...

Refinancing rate to go down to 7.75% in Belarus on 1 July
"The inflation is slowing down faster than we expected. In May, the growth in consumer prices came at 4.9% year-on-year, while in April it was at 5.4%. The year-on-year core inflation slowed down to 3.9% (4.5% in April 2020)"...

Belarus’ central bank urged to reduce refinancing rate
"All countries are actively reducing it in a bid to revive their economies. The consumer price index is within the social and economic development forecast, this is why we should work harder to make bank loans cheaper"...

FEZ Minsk's new resident to launch paper wrapper production in Shabany
The company uses modern equipment and high-quality raw materials. It is export oriented. The main sales market is the CIS countries...

BKM Holding to ship compact electric buses to Georgia's Batumi
The presentation of this model to the Batumi city authorities took place in July 2017. BKM Holding CEO Vladimir Korol said in an interview with BelTA that in 2019 that the company won the tender to supply electric buses to the Georgian city...

Belarus may import 5.75m tonnes of oil from Russia by pipeline in Q3 2020
Ten companies will supply oil to Belarus: Rosneft, Lukoil, Surgutneftegas, Gazprom Neft, Tatneft, Bashneft, RussNeft, Zarubezhneft, Yangpur, and Neftisa...

Heavy trucks made by Belarusian BelAZ exported to 20 countries so far this year
The company sold 11.7% of the output on the home market. BelAZ exported 88.3% of the output (34.7% up), including 37.5% to Russia and 11.3% to other CIS states...