Business news

Belarusian companies forge new connections at FoodAgro in Kenya
A memorandum of understanding was signed between between AFTRADE DMCC, the official representative of Lidagroprommash, Bobruiskagromash, Gomselmash, Lidselmash and MAZ in Kenya, and Pewin Motors...

Belarusian manufacturers to participate in Syria’s largest expo
The Belarusian tractor manufacturer MTZ will present tractors with engines with the output of 35-355hp, tractors fitted with air conditioning, GPS navigation, and cooling systems, which allow the tractor to operate with air temperatures as high as 50C...

Belarus plans to harvest around 8.5m tonnes of grain in 2019
“We expect that agricultural organizations will crop 8.5 million tonnes of grain including maize in bunker weight. This year, maize is growing well and cobs are developing on time,” Vasily Yadlovsky said...

Belarus' central bank to reduce refinancing rate to 9.5% on 14 August
The Board of the National Bank of the Republic of Belarus (NBRB) will reduce the refinancing rate from 10% to 9.5% and the overnight lending rate from 11.5% to 10.75% per annum...

Belarusian agrarians harvest over 5m tonnes of grain
As of 7 August, Belarus harvested more than 1.5 million hectares of grain (except for maize, buckwheat and millet), which makes 72.8% of the planted area...

Belarus’ gold, forex reserves at $8.6bn
In July 2019, the country’s gold and foreign currency reserves went up by $337.1 million (or 4.1%) following the June growth by $200.8 million (2.5%)...

Belavia to test-run inflight duty-free service
The service will be test-run on flights to Antalya, Amsterdam, Istanbul, Larnaca, Milan and Barcelona. Next, the company plans to gradually extend the services to other flights...

Belarus seeks to start exporting machinery to India
In his words, while a sufficiently large number of Belarusian-Indian projects are being implemented, Belarus expects vigorous sales of mechanical engineering products on the Indian market...

Belarus, India working to change lending terms for Bremino-Orsha project
According to the source, in 2015 the Indian government lent about $100 million for the project. Unfortunately, due to a number of reasons the money has not been spent. The fact that it was a tied loan is one of them...

Belarus-India trade expected at $600m in 2019
In general, Belarus is interested in the markets of India, Bangladesh, Nepal and Sri Lanka. Belarusian products sell very well there. Today, Belarus’ export to this region is dominated by potash fertilizers, which are in great demand in these countries...

Uzbekistan eager to buy Halal food from Belarus
Uzbekistan is interested in enabling direct purchases of Belarusian agricultural products certified for compliance with Halal standards...

Belarus’ grain harvest almost 70% complete
As of 6 August, Belarus harvested more than 1,498,000 hectares of grain crops, or 69.3% of the target. Over 4,829,000 tonnes of grain have been produced so far...

Belarusian nuclear power plant welcomes another IAEA mission
The mission is supposed to verify the state enterprise Belarusian Nuclear Power Plant is ready to commission the nuclear power plant and operate it safely later on...

EU to support energy efficiency projects in Belarus
The program will help work out measures for investment activities envisaging energy efficiency, more effective management of resources, modernization of municipal and private infrastructure...

Belarus harvests over 4.5m tonnes of grain
As of 5 August, Belarus harvested more than 1.4 million hectares of grain (except for maize, buckwheat and millet), which makes 65.8% of the cropping areas...

Eurasian Development Bank mulls $300m project with Belaruskali
“The second part of the project with Belaruskali is almost ready. We have made great headway. There are some things we need to finalize with the client. Here we are talking about $300 million”...

Belarusian commodity exchange, Russian Grain Union to sign partnership agreement
“Thanks to the agreement the parties will be able to pool efforts to attract large Russian grain merchants to the BUCE, promptly address the issues such as training of traders, verification of the reliability of counterparties, product quality control, logistical arrangements”...

New loan from NEFCO to support Belarus’ electric transport market
According to NEFCO’s suggested project, BNB Leasing will get a loan to the tune of up to €1 million to finance the investment in the market of electric transport vehicles in Belarus...

Belarus debuts at FoodAgro in Kenya
Belarus’ expo features the Belarusian food industry concern Belgospishcheprom, Lidselmash engineering company, Minsk Tractor Works (MTZ trademark), automobile engineering company MAZ, Bobruiskagromash...

Lukashenko encourages Uzbek businesses to expand operations in Belarus
Representative of the IT sector noted that Uzbekistan has an IT park that is similar to the Belarusian Hi-Tech Park as far as preferences are concerned. This is believed to facilitate bilateral cooperation in the IT sector...