Business news

NASB, Guangdong Academy of Sciences to set up joint center of industrial technologies
According to the document, the center will be set up to strengthen cooperation in science and technology under the Belt and Road initiative...

Belkommunmash to deliver 20 trolleybuses to St. Petersburg
The supply contest was won together with OOO Promagroleasing-Tsentr. The first shipments are planned for May. In June the trolleybuses will be already humming along the city routes after start-up work...

Belarus to supply potash fertilizers to India at $230 per tonne
On 30 April, Belarusian Potash Company informed that it reached an agreement with a consortium of Chinese buyers (Sinochem, CNAMPGC, and CNOOC) on a new price for the Chinese contract...

Fitch affirms Belarus at 'B', outlook stable
Belarus' rating reflects improved macroeconomic stability, high income per capita, prudent fiscal policy and a clean debt repayment record...

Belarusian Red Cross, EPAM raise over Br400,000 to combat COVID-19
The campaign aimed to raise money to purchase medical equipment and personal protective equipment (PPE) for medical and social workers, employees and volunteers of the Belarusian Red Cross...

Chambers of commerce of Minsk, Eskisehir sign cooperation agreement
In addition to that, the participants of the videoconference presented the benefits of doing business in the FEZ Minsk, as well as economic and tourist potential of Minsk and Eskisehir...

Saudi oil reaches OAO Naftan oil refinery of Belarus
"The first train with the Saudi oil will arrive at OAO Naftan from Klaipeda today. The train consists of 60 tank cars carrying 3,600 tonnes of oil"...

Tanker with 80,000t of U.S. oil for Belarus to arrive in Klaipeda early June
"Yesterday the tanker began loading at the port of Beaumont [Texas]. The departure is scheduled for 17 May"...

Belarus starts importing oil from United States
"We consider cooperation with the United States in the oil sector to be a core element of energy security of the state, to be a crucial part of trade and investment engagement between the parties that has a significant potential, and a factor consolidating economic sovereignty of our country"...

Belneftekhim: Volume of Rosneft oil supplies to Belarus will be specified monthly
"In fact, they formalize the possibilities of Belarusian refineries in terms of orders and Russian companies in terms of supplies"...

Russia’s Rosneft to deliver 9m tonnes of oil to Belarus
Work on the contracts with Rosneft resumed in April after a hiatus in the supplies from major oil companies from 1 January...

Lukashenko hails positive changes in economic management in Vitebsk Oblast
"If you prepare for harvesting properly and do your best, you will have grain and fodder. Everything should be well-organized. You should not relax"...

Belarus hopes to attract EBRD loan to finance energy infrastructure construction in FEZ Minsk
As it has been reported, the European Bank for Reconstruction and Development will earmark €259 million for the reconstruction of 12 bridges and the M3 Highway in Belarus...

PM: Belarus would like to join forces with EBRD to tackle negative impacts of pandemic
The government sees the need to expand the channels of support for the real economy sector through the country's financial institutions...

Belarus, Uzbekistan step up cooperation in electronic procurement
On 14 May BUTB held the first webinar on public procurement in Belarus for specialists of the Uzbek Commodity Exchange (UZEX)...

Rumas: Belarus will honor its financial commitments fully in 2020
At the same time, these loans will be restructured in view of the current situation in the world...

Belneftekhim: Belarus will continue to seek $84m compensation from Orlen Lietuva
The dispute concerns technological oil, which Orlen Lietuva pumped out of the inactive Lithuanian section of the Druzhba pipeline...

Belarus foreign ministry optimistic about export prospects in 2020
"The situation with other commodities is not bad. The export rose by 3.5% in Q1 though the target was 3.2%"...

PM sees ways to agree with Russia on fair gas price for Belarus
"We can cite figures to prove that the price of $127 makes Gazprom’s supplies to the Belarusian market more profitable than its supplies to non-CIS states"...

Lukashenko approves National Bank’s report 2019
The NBRB achieved the main objective of the monetary policy, which was to curb inflation that stood at 4.7% (the target was to keep inflation below 5%)...