Business news

Belarus, IMF continue negotiations on rapid financing
"They are estimating the current situation in Belarus. We are comparing our forecasts"...

Annual inflation rate for Belarus projected at 5-6% in 2020
The National Bank attributes the acceleration of inflation in Q1 to the adverse effects of external factors...

Belarus’ central bank to reduce refinancing rate to 8% on 20 May
The refinancing rate was last reduced in Belarus on 19 February. Then the rate was cut from 9% to 8.75% per annum...

New resident of Great Stone Park to produce devices for woodworking industry
The new resident plans to set up a center to make production lines for the woodworking industry based on the industry 4.0 principles...

New measure to support Belarusian companies amid global epidemiological situation
The decree was adopted to prevent a sharp deterioration in the financial performance of business entities...

Raiffeisen Leasing Belarus purchases 5,000 COVID-19 antibody test kits from China
These are high-precision COVID-19 antibody tests. Raiffeisen Leasing Belarus noted that such tests are performed to quickly diagnose patients who have contracted the virus or who have already recovered...

Groundbreaking ceremony for Sinomach’s park in Great Stone in Belarus
The park will implement four R&D and design projects in optical technologies, mechanics, electronics and new materials...

PM: Situation in Belarus’ economy manageable in Q1 despite external shocks
"In the first quarter, the economy was affected by a number of foreign economic shocks. The tax maneuver and the absence of oil supplies agreements with Russia significantly complicated the work of the petrochemical and transport industries"...

Made in Belarus online exhibition to kick off on 16 June
The exhibition will take the form of an online platform consisting of stands of companies grouped in two pavilions...

Belarus’ new anti-inflation program to be drafted by August 2020
The working group is set to prepare proposals on improving antimonopoly activities as well as the pricing, monetary, and fiscal policies...

First tanker with Saudi oil for Belarus reaches Port of Klaipeda
The crude will be delivered to the Belarusian oil refinery starting from 16 May if the oil transportation by rail goes as planned...

Inflation in Belarus at 0.6% in April 2020
Prices for foods rose by 1.3% from March 2020...

Bellesbumprom exports up 5% in Q1 2020
Non-CIS countries accounted for 50.5% of the exports. The growth in monetary terms made up 4.9%...

Belarus lifts ban on export of gauze, bandages, cotton wool, face masks
Face masks (single- or multi-use) are also eligible for export now, provided they are produced in Belarus...

Springtime sowing in Belarus over 90% complete
As of 11 May, some 48.700 hectares were planted with flax, which is more than 96% of the allocated areas. A total of 20,700 hectares (94.7%) were sown with potatoes, 3,780 hectares (84%) with vegetables...

Bellegprom: PPE supplies in Belarus meet demand
Given a wide production of protective masks in Belarus, the companies have started to promote their products in the markets of the European Union and the CIS countries...

Agriculture conditions in Belarus may change substantially by 2050
"The length of the active vegetation period for crops will be increased by roughly three weeks. The sum of active temperatures in northern parts of the country will reach levels that are characteristic in southern parts at present"...

Another package of measures to support Belarusian economy amid pandemic
"Today the government is working on about four presidential decrees, which will stipulate measures to support various branches of the national economy affected by the pandemic"...

Belarus’ HTP resident company designs software to get COVID-19 test results faster
"The software product from the medical startup Aybion Technologies has expedited the receipt of COVID-19 test results by 25%"...

Belarus floats RUB10bn in government bonds in Russia
The bonds were sold in full...