Business news

Belarus considers two packages of measures to support economy amid pandemic
However, following the meetings with business, the Economy Ministry sees the need for the third level of measures to stabilize the situation after the pandemic...

EPAM, Wargaming donate 700,000 respirators to Belarus’ Healthcare Ministry
The respirators will be delivered to hospitals that are treating COVID-19 patients...

Lukashenko pledges support for Neman Glassworks
He promised to consider allowing the company to defer debt payments...

Belarus announces pre-marketing of RUB10bn sovereign bonds in Russia
Consultations with potential investors will be carried out within the coming two weeks...

EBRD estimates investments in projects in Belarus in 2020 at $400m
The EBRD did not rule out that the total volume of finance may be adjusted taking into account needs of specific clients...

Belarus still intent on floating eurobonds in 2020
"Let’s see how the situation will unfold. The markets have not been closed. Opportunities for our floatation are still ope"...

Belarus considering borrowing from EDB, AIIB
"We are in negotiations on financing the expenses relating to the support of healthcare institutions in the complicated epidemiological situation and the support of small and medium businesses"...

Finance Ministry: No problems with Belarus’ state debt commitments
He described the absence of a comfortable access to international borrowing markets as this year’s complication. Maksim Yermolovich said he hopes the situation will be temporary...

Belarus seeks $1bn loan from EBRD to support coronavirus-hit sectors
According to Dmitry Krutoi, all previously signed agreements with the EBRD are under implementation...

EU to support three business initiatives in Belarusian regions
The aggregate budget to support the three initiatives is estimated at $250,000. These projects will help businesses to better respond to the changing economic environment caused by emergencies like the COVID-19 pandemic...

Presidential decree drafted to support Belarusian economy
The draft presidential decree will apply to lessees (borrowers) of the real estate owned by the state and by companies with a state share in excess of 50%...

Belarus seeks €140m loans from WB, EIB to fight COVID-19
"These funds will be spent on purchasing medicines, medical products, and equipment for healthcare facilities, including respirators, face masks, protective clothing, goggles, test kits, ultrasound machines, ventilators, oxygen concentrators, mobile intensive care units, and so on"...

About 100 Belarusian enterprises reoriented to make face masks
"About 27 major enterprises have been reoriented and now make medical masks. About 70 small, private companies are involved in the process as subcontractors"...

Real money income in Belarus up 7.1% in January-February 2020
Salaries accounted for 62.8% of the total money income...

Belarusian MTZ doubles export to Tajikistan in Q1 2020
"In January-March 2020, we shipped more than 100 tractors and tractor knock-down kits to Tajikistan"...

Stimulus package for Belarus tourism industry expected within month
"We will also propose a support package. We need relief on taxes, loans and rent payments. We are working on it"...

Belarus president in favor of more adaptive price for natural gas
Aleksandr Lukashenko remarked that since the member states have yet to create common energy markets in the Eurasian Economic Union, it is necessary to come to an agreement on how to proceed in the current situation...

Targeted measures to support businesses, households in Belarus
In particular, there are plans to allow businesses to pay their taxes later and to authorize local councils of deputies to introduce property tax deductions and tax holidays for individual entrepreneurs and self-employed people...

Belarusian MAZ raises export to non-CIS states by nearly 2.4 times in Q1 2020
The company’s export area is rather large. MAZ trucks, passenger vehicles, and special-purpose vehicles enjoy a strong demand in many regions, including the Middle East and the Far East, Central Asia and Southeast Asia, Africa, and Latin America...

Eight haul trucks made by Belarusian BelAZ get down to work in Indonesia
Taking into account wishes of Indonesian partners and climate conditions BelAZ trucks are fitted with “tropical” options: properly selected rubber, an air conditioner, and a special cooling system...