Business news

Belarus' external state debt down 1.2% to $16.9bn
In January 2020 Belarus spent $259.9 million to repay the external state debt, including $167.7 million to Chinese banks, $92.2 to the Russian government...

Belarus reduces oil export duties
The export duty on crude oil will go down from $78.5 to $66.9 per tonne...

Over 30 agreements concluded at Belarus-Uzbekistan agricultural forum
Uzbekistan is a promising trade and economic partner of Belarus in the Central Asian region. In 2019, the bilateral trade exceeded $239 million (up more than 1.5 times)...

More Russian oil keeps flowing to Belarus
"More oil of the Urals variety is available in ports now. The volume Belarus used to take has been pumped into tankers"...

Concept to guide development of Belarusian power grid till 2030 approved
Belarus’ power consumption is expected to rise to 43.7 billion kWh in 2025 and 47.2 billion kWh in 2030...

Belarus to begin road show of eurobonds on 2 March
"Belarus has stated it will begin meeting with potential investors in a number of cities in the USA, Frankfurt am Main, and London as part of the deal to float new issues of eurobonds of the Republic of Belarus"...

Government officials accused of misinterpreting Lukashenko-Putin agreements
"In other words, we will be at last year’s level in terms of finance. But it doesn’t happen. What kind of a union is that?.."

Belarus to get 160,000t of oil from Azerbaijani SOCAR
“As a result, in March we look forward to receiving two tankers of oil from the northern direction and another two from the southern one in addition to supplies from six Russian companies via the pipeline”...

Another five Russian companies to sell oil to Belarus without premium in Q1 2020
“These five companies are new suppliers we have not worked with yet. Together with SAFMAR we will have six companies to sell us oil at a market price without a premium in the first quarter of the year”...

Ambassador: Swedish business shows interest in Vitebsk Oblast
She added that at present two Swedish companies seeking to enter the local market are in the middle of a negotiating process...

Need to develop Belarus-EU economic cooperation noted in Minsk
"The parties welcomed the positive dynamics in the relations between Belarus and the European Union and noted the need to continue building a constructive bilateral dialogue"...

Belarusian scientists present over 60 innovative solutions for agriculture in Uzbekistan
The NASB Scientific and Practical Center for Potato Farming and Fruit Production has brought to Tashkent new varieties of potatoes resistant to a range of diseases...

Belarus-Uzbekistan trade up 1.5 times in 2019
Agricultural produce and food products are among the most important positions in mutual trade. In 2019, Belarus exported $35 million worth of agricultural products and processed products to Uzbekistan...

Belarus might get over $61m of compensation from Russia for polluted oil
"In line with the protocol, Mozyr Oil Refinery processed 563,000 tonnes of polluted oil. The compensation will make up $15 per barrel of polluted oil, the same amount that was awarded to the neighboring states"...

Pilot project to deploy 5G technology in China-Belarus industrial park
“The agreement represents the initial stage for tapping into the potential the 5G technology offers. Our telecommunications flagship Beltelecom will provide all kinds of assistance in association with Huawei Company to develop 5G technologies in the industrial park”...

China-Belarus industrial park, Belarus’ Development Bank sign cooperation agreement
The sides undertook to work together to bring strategic investors into the industrial park, finance individual investment projects and export operations, and provide information support...

Belarus eager to start importing oil via Odessa-Brody pipeline in March
"Work is in progress on alternative oil purchases via the southern route, from Ukrainian territory"...

Belarus, Russia sign protocol on compensation for polluted oil
"We are working to determine and confirm the compensatory payments that will have to be paid to Mozyr Oil Refinery in the end"...

Belarus' export down by over $2bn over tainted Russian oil
"Unfortunately, the results of foreign trade in 2019 are in contrast with the foreign policy results"...

Four out of seven power lines now link Belarusian nuclear power plant to power grid
A total of seven 330kV high-voltage power lines are supposed to connect the Belarusian nuclear power plant to the country’s power grid in the end...