Business news

Second Belarusian potash mining enterprise builds power substation
Thus, the Nezhinsky mining and processing factory that Slavkaliy is building, has acquired an additional permanent source of electricity...

Belarus to reduce oil export duties on 1 May
The export duty on crude oil will go down from $52 to $6.8 per tonne...

Plans to build trunk line Gomel-Gorki to diversify oil import to Belarus
OAO Gomeltransneft Druzhba is the customer for the services of designing and building the trunk line...

Belarus buys oil from Saudi Aramco
Belarus has bought 80,000 tonnes of oil from Saudi Aramco. A tanker is expected to deliver this oil to the Klaipeda port, Lithuania on 11 May...

Belarus to get 1.13m tonnes of oil from Russia in May, work with alternative sources to continue
"Work will continue with alternative sources as well. Volumes will be determined depending on the situation on the domestic market and foreign ones"...

Plans to harvest over 8m tonnes of grain in Belarus in 2020
As of 29 April as much as 809,000 hectares (94.1% of the targeted area) was sown with early spring cereals and leguminous crops (excluding corn, buckwheat, and millet)...

Belarusian Gomselmash exports 270 harvesters, machines sets in Q1
"All in all, shippings increased by 373% in Q1 over the same period of 2019"...

Agitation of Belarusian forex market in Q1 2020 attributed to volatile oil prices
"Volatility adds to profits if the bets are right"...

Russia’s top ten importers of Belarusian products named
"Belarus reported an increase in export to 49 federal subjects of Russia"...

Belarus sets tariffs on oil transportation from Poland to Mozyr Oil Refinery
According to the resolution, the pipeline tariff was set at Br8.58 per one tonne of oil net of VAT...

Belarus’ ministry describes Russia’s refusal to supply buckwheat as complete surprise
According to the Belarusian Agriculture and Food Ministry, buckwheat supplies from the Russian Federation in March 2020 contracted by 70% as against the same month last year...

Belarusian BelAZ ships dust control truck to copper mine in Kazakhstan
The dust control truck is designed to suppress dust in a mining operation. It will improve working conditions at an open-cast mine of the enterprise TOO Aktogai Mys...

MTZ ships over 250 tractors to Pakistan in 2020
"Even despite the crisis in many Asian countries and restrictive measures introduced due to the unfavorable epidemiological situation, the supplies are on schedule"...

Minsk Motor Plant’s engine output 5.8% up in Q1 2020
The company exceeded its engine output target of 11,000 by 462 engines (as many as 10,832 engines were assembled in Q1 2019)...

Belarus mulls over setting up leather holding company
"We need to turn the leather industry into an efficient business. All over the world, this industry is quite profitable"...

Belarusian dairy companies certified for export to Vietnam
"This step will enable Belarusian manufacturers to avoid the obligatory certification of every batch, which leads to substantial loss of time and financial expenses"...

Lukashenko: Global economy will resume work within a month
"They already understand what they are dealing with. Everybody understands"...

Lukashenko discusses sowing during trip to Bobruisk
As the head of state arrived in the city, the first thing he did was to ask Mogilev Oblast Governor Leonid Zayats about the state of things with seeding in the region, with the focus on buckwheat...

Belarus’ Development Bank to increase financing of state programs, activities in 2020
The Development Bank will on-lend additional funds to business entities within the non-directive lending limit of the state programs and activities in 2020...

Second Belarusian potash mining company extracts first salt
The SBR machines were made in Germany to Slavkaliy’s orders...