Business news

Belarusian Ivatsevichdrev starts shipping furniture to Poland, Mongolia
According to the source, the company started cooperating with a major furniture retail chain in Poland. The first batch of merchandise was shipped. The company also exported the first container full of furniture to Ulaanbaatar, Mongolia...

Belarus eager to start importing non-Russian oil by year end
“Either Baltic Sea ports or Odessa or a combination [of both]. Mozyr Oil Refinery is closer to Ukraine. It is quite possible that alternative oil will be delivered via Ukraine. Naftan is closer to Baltic Sea ports, respectively it would be logical to consider Baltic Sea ports”...

Independent experts working to assess impure oil damage at Mozyr Oil Refinery
“It is too early to talk about the scale of the damage caused by substandard oil. Many things are hard to see for now because the equipment is sealed off. It will be possible to evaluate the internal condition of reactors and pipes only after a major overhaul”...

Belarusian oil refineries to export more gasoline after reconstruction
“We see that the European Union will not be a premium market for gasoline sales. There is Africa. Gasoline is in short supply over there. We can start exporting products to America. There are markets we can sell our products on if the European Union does not need our fuel”...

Belarus suspends export of light oil products to Ukraine, Poland, Baltic countries
“We have suspended the export of light oil products, gasoline and diesel fuel to Ukraine, the Baltic countries and Poland. At the moment the contractual obligations are on halt until until we resolve the issue with Russian oil,” Sergei Grib said...

Belarus in talks to supply $100m worth of equipment to Bangladesh
“We are welcoming a new contract worth $100 million. We are also in talks on another contract to the total amount of $17 million. These documents are undergoing interstate procedures,” Mikhail Myasnikovich noted...

Fifth container train with Belarusian dairy products off to China
The train consists of 41 forty-foot containers full of Belarusian exports such as milk powder and whey powder made by OAO Molodechno Dairy Plant, OAO Slutsk Cheese-Making Plant, UP Polotsk Dairy Plant, and OAO Zdravushka Milk...

Export loan to help Mongolia buy Belarusian machines, vehicles, equipment
In the next few years representatives of Belarus and Mongolia are expected to arrange deliveries of fire-fighting equipment, agricultural machines, municipal vehicles, road construction and road cleaning machines, passenger lifts, and railway cars...

Belarus’ export to Finland up by 43.3% in January-February
Belarus-Finland trade and economic relations have been developing rapidly and are based on mutual interests of the two countries. In 2018, the trade equaled $127.6 million, up by 4.3% over 2017...

Belarusian defense expo MILEX 2019 to feature air defense missile system Trio
The air defense missile system Trio is designed to protect small sites and industrial installations, ground army units, and destroy compact flying targets, including drones...

Belarus to discuss compensation for substandard Russian oil with Transneft
Mozyr Oil Refinery was the first enterprise to detect serious deviations from quality standards in the oil coming from Russia. In some samples the content of chlororganic compounds exceeded the norm by 100 times...

Belarus, Hungary eager to cooperate in nuclear energy
The ambassador invited the Hungarian minister to visit Belarus for the sake of sharing the experience regarding the construction of the nuclear power plant and for holding negotiations on establishing cooperation in nuclear energy and other fields...

Preferential-rate loans for buying Belarusian vehicles, machines in Ukraine
The agreement will allow Ukrainian consumers to buy Belarusian vehicles, machines, equipment on preferential terms. It will also reduce the interest-rate cost of the loans. Since the program was launched, Ukrgasbank has issued over 400 loans to the tune of about UAH500 million...

Belarusian enterprises consider supplying elevators, utility vehicles to Georgia
The parties discussed ways to step up interregional cooperation between Belarus and Georgia, launch trade and economic projects...

Belarusian nuclear power plant to cost less than $10bn
The Belarusian head of state drew attention of his Russian counterpart to the fact that the Belarusian-Russian credit agreement provides for lending up to $10 billion while the real price will be less than $7 billion...

Lukashenko wants supremacy of technology, new products in agriculture
"The number one task for agriculture is to ensure the absolute supremacy of technology and work discipline. Everyone should get involved, from company chiefs and specialists to our police"...

Second nuclear power plant in Belarus possible
“If the first one is a success, it is possible the new society will have to build another nuclear power plant in the future. A spot for it has already been chosen. It is located in [Belarus’] east”...

Lukashenko calls for level playing field in EAEU
“Today, Belarus is ready to play a bigger role as a trade channel for the multi-million market of the Eurasian Economic Union and the CIS countries with the European Union,” the president said...

Lukashenko: IT sector should cater for economic needs
According to Aleksandr Lukashenko, the Hi-Tech Park (HTP) shapes Belarus’ image on the international arena. "The most important thing now is to maintain momentum and to stay in touch with current economic needs"...

Lukashenko: Authorities should instantly respond to price rise
“If prices go up, the government and local authorities should respond to it right away. I don’t mean to say that we should push prices down to the extent when manufacturers and sellers will quit this business and allegedly leave it to die and to incur losses”...