Business news

Belarus to negotiate direct electricity supplies with Latvia
Sergei Rumas said: “In particular, we’ve discussed energy matters. We’ve agreed that our energy ministries will discuss the possibility of direct supplies of electricity to Latvia instead of neighboring countries”...

Belarus, Italy to consider setting up joint subpark at Great Stone
This issue was on the agenda of a workshop dedicated to Belarus’ market opportunities in Rome...

PM: Belarus seeks more financial, technical assistance from EU
Belarus is interested in expanding the instruments of financial and technical assistance from the European Union, Belarusian Prime Minister Sergei Rumas said as he met with Latvian Prime Minister Krisjanis Karins on 16 January...

RAEX-Europe confirms credit ratings of Belarus at ‘В’
The RAEX-Europe agency confirmed the credit ratings of the Republic of Belarus at ‘В’ with a positive outlook...

IAEA mission to come to Belarus in February to check readiness for nuclear power plant launch
An Integrated Nuclear Infrastructure Review mission of the International Atomic Energy Agency will come to Belarus in February 2020 to evaluate the readiness of the country’s infrastructure for operating a nuclear power plant...

Belarusian Finance Ministry considering floating $1-1.2bn worth of eurobonds in Q1 2020
The Belarusian Finance Ministry will be technically ready to float eurobonds in the first quarter of the year...

Eurasian Development Bank to lend $400m to Belaruskali
The Eurasian Development Bank will lend $400 million to the Belarusian potash mining company OAO Belaruskali. The credit agreement will be signed in Minsk today...

Lukashenko supports container-deposit draft decree
It is expected that a tender for operators with enough experience in the field will be held. A state-run operator will be in charge of the deposit-refund system...

Belarus approves plan for transition to eco-friendly packaging
A plan of action to gradually reduce the use of polymer packaging and substitute it with eco-friendly packaging was approved by Resolution No. 7 of the Belarusian Council of Ministers on 13 January...

Plans to design self-driving cars in China-Belarus industrial park Great Stone
Driverless cars will be designed in the China-Belarus industrial park Great Stone...

EBRD appoints new chief of Belarus Resident Office
Marina Petrov has been appointed EBRD Head of Belarus...

EBRD pours record-high investments in Belarusian economy
According to the source, in 2019 the EBRD set a new record in its operation in Belarus: the bank invested over $433 million (€390 million) in 24 projects in the private sector and the public one...

Belarus introduces environmental tax on oil transit
Companies that transport oil and oil products will have to pay a tax equal to 50% of their profit...

Belarus to take part in Gulfood 2020
The participants of the exposition titled as Belarus. The Taste of Nature will have an opportunity to hold negotiations with buyers and importers from more than 190 countries...

Belarus president in favor of dismantling all barriers in Eurasian Economic Union
According to Aleksandr Lukashenko, it is necessary to improve the institutional structure of the union, bring the competence of the Eurasian Economic Commission and the EAEU Court into compliance with modern and future stages of development of Eurasian integration. As part of the efforts to implement the integration agenda, it is necessary to make the transition to the program- and goal-oriented method...

Belarus president criticizes Russia for overpriced oil
Aleksandr Lukashenko said: “Why haven’t we come to terms on oil deliveries with the Russian president yet? Because Russia wants us to buy oil at prices above the world ones. Totally unacceptable”...

Belarus’ gold forex reserves at $9.4bn in 2019
In 2019, Belarus’ foreign currency reserves went up by $2.2 billion (or 31.2%), including by $234.7 million (or 2.6%) in December alone...

Belarus to get first batch of Russian oil without premium
The source also said that the amount of raw materials Belneftekhim is expected to get soon and the stockpiled resources will keep Belarusian oil refineries working without interruptions through January 2020...

Russian gas price for Belarus to remain at $127 in January-February
The sides continue negotiating deliveries of natural gas to Belarus, the press service of the Belarusian Energy Ministry added...

Investment in China-Belarus industrial park exceeds $520m
The number of park residents has increased 2.6 times since the start of 2018. “Today, in the Great Stone there are 60 residents from 15 countries, including 33 from the People’s Republic of China, 15 set up with the participation of companies from Austria, Germany, Israel, Canada, Cyprus, Latvia, Lithuania, Russia, the United States, Switzerland, and Estonia, and 12 set up by Belarusian companies”...