Business news

Belarus, Canada discuss cooperation in agriculture
"The parties discussed in detail the issues related to the Belarusian-Canadian trade in agricultural produce, and also cooperation possibilities within the agro-industries of the two countries"...

Possible to implement Belarusian economy support measures in face of COVID-19 in several stages
"We receive proposals on ways to support the Belarusian economy every day and we have to make decisions. Later on we are going to analyze the next measures and look for possibilities to make the next steps"...

Measures taken by Belarus’ central bank to help support enterprises, population in current situation
"We understand that the difficulties our enterprises are experiencing are temporary. Nevertheless, it is quite important to promptly respond to this situation in order to support our enterprises that enjoy financial support of banks"...

Belarus’ Bobruisk Biotechnology Plant almost triples antiseptics output in early 2020
"The enterprise is currently working round the clock. All products are sold domestically"...

Untapped reserves to sell more Belarusian goods sought
The central bank would like to know what partnership programs the commercial banks are implementing with Belarusian producers of goods and services...

Belarus’ central bank reveals new measures to support economy
Banks will be allowed to use the capital conservation buffer at 2.25 percentage points through 31 December 2020...

EAEU to reduce import duties on foodstuffs, medicines
"We will finalize the lists during a week; the decision will be made in the coming days"...

South Africa interested in cooperation with Gomel jewelry makers
"Our task is to find areas of common interests between regions. It is important that it will benefit both sides"...

Finance ministries of Belarus, Russia working on interbudget oil transactions
The Belarusian Finance Ministry is starting work with Russian colleagues in order to prepare the relevant mechanism...

Belarus to make more respirators
Respirator production in Belarus has stumbled over one problem: it is now difficult for the enterprise to purchase the raw material, which used to come from Ukraine and China. Demand for meltblown fiber has skyrocketed, with the price per 1kg going up from €5 to €50...

Belarusian government preparing business support proposals
"On Tuesday, 31 March, the government intends to make a final decision on the measures of support"...

Russian companies to supply oil to Belarus without premiums
In his words, premiums paid to Russian companies were as high as $11.7...

Third tanker with Azerbaijani oil for Belarus arrives in Odessa
"The tanker started discharging oil in Odessa this morning. Oil will be pumped to Mozyr Oil Refinery by the end of March"...

Belarusian companies might get tax holiday
"All these matters are under consideration. I believe a decision will be made by the end of the month"...

New resident company with Chinese capital registered in China-Belarus industrial park
Initially the new resident company intends to implement four R&D projects in such fields as optical instruments, automotive sensors, semiconductor devices, and new materials...

Belarusian BelAZ ships first bulldozer to Mongolia
BelAZ has been shipping vehicles to Mongolia every year for the last five years in large batches. As many as 35 haul trucks were shipped to Mongolia in 2019 alone...

Belarusian oil refineries to get enough crude oil to work effectively in Q2 2020
"We will talk about final prices when the package of offers from all sources is ready"...

Rumas, Mishustin discuss resumption of oil supplies to Belarus
Sergei Rumas and Mikhail Mishustin agreed that constructive cooperation will help further strengthen and expand bilateral cooperation...

Belarus considering restructuring part of external state debt
"Only credit lines from international financial organizations (the World Bank, the European Bank for Reconstruction and Development, and the European Investment Bank) have been discussed. No default situation. We honor all our external debt commitments as usual"...

Belarus considering measures to help business amid coronavirus pandemic
"We are discussing the current situation with all associations and worst-hit companies. The work is in full swing"...