Business news

Belorusneft about to begin new project with Indian ONGC
The Belarusian company won a tender held to choose the recipe of surface-active agents designed to increase reservoir recovery...

Belneftekhim’s Russian oil-extracting daughter enterprise eager to supply oil to Belarus
According to the source, Yangpur has been retasked to supply oil to the Belarusian market...

Belarusian FEZ Grodnoinvest exports close to $1bn in 2019
Major contributors to the FEZ Grodnoinvest exports were woodworking and furniture companies (30% of the total export amount)...

Belarusian Finance Ministry to be technically ready to float eurobonds soon
"Things will depend on the state of the market and on how the situation with China will unfold, on current changes in trade on the world financial market"...

Lukashenko, Yermolovich discuss budget, salaries
"A week ago we agreed that you will analyze budget formation in 2020. Besides, tell me please about the implementation of the 2019 budget"...

Lukashenko inaugurates bleached sulfate pulp plant in Svetlogorsk
In 2019 during pilot production launched by Svetlogorsk Pulp and Board Mill on its own, the plant rolled out 146,900 tonnes of pulp (the designed capacity stands at 400,000 tonnes)...

New Svetlogorsk plant poses no environmental risks
During his visit the head of state asked if all the environmental matters were addressed when the new plant was set up...

Plans to float Belarusian government bonds in Russia in Q2 2020
Speaking about the volume of the floatation, he said RUB10 billion at least...

Switzerland intends to double trade with Belarus
In 2019, the trade between Belarus and Switzerland amounted to $258.2 million, which was up by 38% over 2018...

Belarus’ electricity exports more than double in 2019
The growth in electricity consumption in Belarus made up 0.4% in 2019...

Belarusian Energy Ministry outlines plans for 2020
"This year we have to deliver nuclear fuel, carry out the physical launch and the power startup of the first unit. In other words, the first few kilowatt-hours will be transmitted to the power grid. 2020 is the final year of the five-year term, during which we have to finish key projects"...

Foreign investments in Belarus at $10bn in 2019
Among the main investors in Belarus were economic entities of Russia (45.1% of the total), the United Kingdom of Great Britain and Northern Ireland (18%) and Cyprus (7.6%)...

Timber conversion rate at Belarusian Bellesbumprom enterprises past 90%
"The timber conversion rate rose from 38% in 2006 to 92.5% in 2019. It means that Bellesbumprom enterprises now produce virtually zero waste in the course of timber processing"...

Refinancing rate down to 8.75% in Belarus on 19 February
The last time the refinancing rate was reduced in Belarus was 20 November. Then the rate was cut form from 9.5% to 9% per annum...

United States hopes to supply gas to Belarus via Lithuania
Asked by BNS whether specific negotiations on gas supplies to Belarus were underway, the U.S. ambassador said the idea was rather new, adding that there's hope to achieve the result...

Belarus’ tourism services export tops $250m in 2019
The State Border Committee of Belarus reported that in 2019 Belarus saw more than 4.924 million foreign visitors...

Grodno Azot plans to sign contract with Italy’s Tecnimont
The bids of the Chinese and Korean companies were declined as they did not meet negotiation requirements...

Belarus’ BelGee rolls out Geely Coolray crossover
Geely Coolray cars will cost less than Geely Atlas...

Plans to identify branches of Belarusian economy to better utilize Hi-Tech Park products
"The growth rate of the added value is 109.3%. It is the highest figure among all branches of the Belarusian economy"...

PM invites IT sector to focus more on Belarusian economy
"IT sector needs to work more for the benefit of the Belarusian economy. Yet, the level of cooperation in the area is insufficient inside the country. All the latest developments benefit the economy of other countries"...