Business news

Output, export of Belarusian agribusiness rise despite COVID-19
"This year we intend to export $5.7 billion worth of agricultural products and food, with the growth rate at 104.2% as against 2019"...

Fitch affirms three Belarusian state-owned banks at 'B'; Outlook Stable
The IDRs, SRs and the SRFs of the three banks are driven by support from the Republic of Belarus (B/Stable) in case of need. The Stable Outlooks on the banks' Long-Term IDRs mirror that on the sovereign, the agency said...

Belarus fully meets its needs in meat, dairy products
Belarus has reached the highest food self-sufficiency rate in the Eurasian Economic Union. It relies 96% on domestic food production to meet its food needs...

Belarusian BelAZ trials dump truck with Stage 5 engine in Poland
The BelAZ-7551I truck is powered by a 16-liter Volvo Penta TWD1683VE engine with the power capacity of nearly 800hp (585kW) that meets the European emission standards Stage 5...

Belarus to increase oil export duties on 1 June
The export duty on crude oil will go up from $6.8 to $8.3 per tonne...

Belarusian Railways enables contrailer transportation to, from Russia’s Kaliningrad Oblast
Contrailer transportation allows expanding the number of railway service customers and shift cargoes from automobile transport to railway transport...

Belneftekhim sees no problems with redirecting export after Russian ban on fuel import
"The share of shipments to Russia in the total export volume was small. This is why the volumes we will be unable to sell in Russia will be redirected to other markets without hurting our export"...

Belarus PM takes stock of state program implementation in 2019
"According to the consolidated report, 58% of the programs implemented in 2019 are classified as highly effective and efficient. In 2018, there were only 50% of such programs"...

World Bank considering financial support for Belarusian SMEs
"We are now scrupulously considering these requests and were glad to hear the government had come up with ideas to expand programs on social support for those, who are vulnerable in the pandemic period"...

Lukashenko supports draft decree on wages at budget-sponsored organizations
"Benefits will be paid from the budget only to cover the difference between the amount paid by the organization and a minimum wage"...

Belarus’ A-100 Group of Companies ships large batch of PPE from China
The company has helped the healthcare system respond to the pandemic since early March, supplying medical equipment and PPE and donating funds...

Experts, business invited to work on Belarus’ social and economic program for 2021-2025
The groups include representatives of government bodies, business, banking sector, science and education, and experts...

Governor: New format of Spring in Gomel expo will let study region’s potential from around the globe
This year the Spring in Gomel exhibition will be held in a virtual format. The expo will be placed on the website vesna.ccigomel.by and will stay open through 10 June...

Belorusneft-Siberia breaks daily drilling footage record by 30%
The new record was set at the construction site of oil well No.1106, well pad No.5. The intended depth of the well is 4,325 meters...

UNICEF, Wargaming donate 91,000 top-notch filter masks to Belarusian medics
The masks will soon be delivered to the medical institutions that need them most...

Belagro 2020 expo rescheduled for 1-5 September
The expos were previously scheduled for 2-6 June...

UNDP to set up innovation lab in Belarus to accelerate local development
The lab will develop promising ideas, which will be part of the foundation of future UNDP projects with the Belarusian government, donors and partners of the program, will allow raising additional resources and scaling these local solutions...

Belarusian textile manufacturers to look for new partners, to increase exports to EU
"The situation is not easy in the industry due to the objective reasons - closed borders, falling purchasing power and other reasons. Yet, the targets set by the country's leadership for 2020 must be met"...

Lukashenko: Issue of gas transportation prices on EAEU market still not settled
"We could not come up with a final mutually acceptable solution for many years. And the issue becomes even more important"...

Belneftekhim expects tanker with U.S. oil to arrive in Klaipeda before 5 June
Oil will be delivered from the port of Klaipeda to Belarus’ oil refinery Naftan by rail. It will take about a week and a half...