Business news

Belneftekhim working on importing oil to Belarus via Polish Gdansk
"We intend to seriously prepare for the new oil market that will emerge after the crisis and the pandemic"...

Bellegprom to start exporting face masks to Russia, Germany in May
The first batch of face masks is expected to be delivered to Russia in the near future. Plans are in place to export one million of masks to Germany...

Belarus expects to attract €90m from World Bank to tackle COVID-19
"We have already completed all our internal procedures. The bank is almost ready, too. I think that very soon there will be an announcement about the project taking effect"...

Belarus’ merchandise export to Latvia at nearly $64m in Q1
According to the diplomat, in order to step up export the Belarusian Embassy in Latvia and the Consulate General in Daugavpils are helping to organize joint production facilities and develop commodity distribution networks...

Belarusian government eager to sign long-term contracts on alternative oil deliveries
"I hope once we resolve all the technical problems, we will be able to choose the optimal options out of those we have today and will come to terms on long-term contracts then"...

Belarusian-Russian agreement on interbudget transactions in oil trade nearly ready
According to the source, the implementation of the Belarusian-Russian arrangement that the Russian state budget will compensate the remaining part of the premiums on oil deliveries is in the final stage...

Belarus’ gold, forex reserves up 1.2% to $7.9bn in April
The growth in the international reserve assets in April was driven by the purchase of foreign currency at the Belarusian Currency Stock Exchange by the National Bank...

UNDP’s three-year-long project to develop entrepreneurship in Belarusian towns over
Free education will remain available even after the project is finished thanks to efforts of the business incubators, which had received educational equipment, including equipment for remote education...

Belarusian banks earmark over Br2.2m for healthcare facilities amid COVID-19
Assistance is provided to healthcare facilities across the country. For example, the banks transferred about Br570,000 to the charity account of the Healthcare Ministry...

Fitch affirms Belgosstrakh at 'B'/Stable
Belgosstrakh's rating and Outlook are aligned with Belarus's Long-Term Local-Currency Issuer Default Rating (IDR)...

Belarus' agricultural export 9.8% up in Q1 2020
Export to Russia grew by 4.4%, to the CIS countries excluding Russia – by 24.7%, Asia and Oceania – by 2.2 times, America and the Caribbean – by 52.4%, the EU – by 54.3%...

Belarusian MAZ rolls out first electric bus
It is powered by accumulators able to store 412 ampere-hours of electricity. The cruising range is up to 300km...

Belarus’ Development Bank to support PPE, medical equipment makers amid COVID-19
The interest rate will be 0.5 of the refinancing rate of the National Bank of Belarus plus 2.5 percentage points, which is currently 6.88% per annum...

Bellegprom exports 58.3% of its output in Q1 2020
In January-March of 2020, Bellegprom's companies manufactured industrial products worth Br422.6 million...

Lukashenko instructs to study operation of MAZ electric buses
The head of state instructed MAZ to produce ten electric buses by May 2021 and deploy them in the Belarusian regions...

Belarus, China working on agreement on investment, trade in services
"Cooperation in working out an agreement is aimed at the implementation of the agreements of the heads of state of Belarus and China to strengthen investment cooperation with the focus on foreign direct investment"...

First shipment of Belarusian sugar sold via mercantile exchange to Kazakhstan
Plans are in place to use BUCE to expand the geography of export of Belarusian sugar and improve the effectiveness of sales by exploiting competition between foreign buyers...

New measures to ensure stable operation of production sector in Belarus
Aleksandr Chervyakov suggested employment and security as the key priorities all the actions and proposals should be centered around...

China to buy Belarusian potassium at $220 per tonne
The new price creates a solid foundation for stabilization, recovery, and consequent progressive development of the world potash market...

Bid book to sell RUB10bn worth of Belarusian government bonds ready
"The bid book contains over 40 bids. The demand on the part of natural persons amounted to RUB1.3 billion"...