Business news

Lukashenko suggests starting oil delivery to Belarus via Baltic countries
Alexander Lukashenko reminded about the plans to complete the modernization of two Belarusian oil processing enterprises this year. After that Belarus will be able to buy oil for further processing not only in Russia...

Belarus government told to explore tax maneuver compensation options in cooperation with Russia
Alexander Lukashenko remarked that the problem was supposed to have been resolved by 1 January but the failure to get it done is no catastrophe...

EBRD ready to finance Belarusian projects for IKEA suppliers
According to Alexander Pivovarsky, all kinds of suppliers are under consideration but primarily furniture industry. The interest of the company with a global reach in the Belarusian market can help a lot with the development of the private sector in Belarus...

EBRD invests over €360m in Belarusian economy in 2018
According to preliminary estimates, Belarus will be in the Top 10 of the most active countries out of 38 where the Bank carried out its operations in 2018...

Two Belarusian startups snatch CES 2019 Innovation Awards
The smart costume Teslasuit won a prize in the Virtual and Augmented Reality category. The woman health monitoring service Flo won the nomination Software and Mobile Apps...

Belaruskali makes record high amount of fertilizers in 2018
For the first time on record Belaruskali made over 12 million tonnes of high-quality mineral fertilizers per year, the company’s Director General Ivan Golovaty said...

China-Belarus industrial park gets EAEU’s best customs advantages
In line with the Eurasian Economic Union Customs Code the member states can set up territorial special economic zones: three in Russia, two in Belarus, one in Armenia, Kazakhstan, and Kyrgyzstan each...

Belarus’ food exports up by 4.9% in January-November 2018
“In January-November in 2018 Belarus exported agricultural products worth $4.762 billion, which was up by 4.9% ($224 million) year-on-year. Deliveries of meat and dairy products grew in physical terms in 2018"...

Oil extraction in Belarus hits record high in 2018
As much as 94,400 tonnes of oil was extracted from new wells. It is the best result in the last 23 years. The largest drilling program was completed last year. The largest number of hydrofracturing operations was carried out. The list can go on and on...

Belarus’ gold, forex reserves at $7.16bn
In December 2018, the country’s gold and foreign currency reserves shrank by $282.3 million (or 3.8%) following the November growth by $332.3 million (or 4.7%)...

New company registered in China-Belarus industrial park Great Stone
OOO Wiseasy International Bel (China) is the new resident. It has been founded by Wiseasy Company, a leading vendor of business analysis hardware in China. Wiseasy products are exported to over 60 countries across the globe...

Belarus to advertise its tourism importunities in New York, Beijing, Dubai
In January, the country’s tourism potential will be presented at Fitur in Madrid and New York Times Travel Show in New York. Belarusian travel companies will be featured in the Tourest exhibition in Tallinn in February, ITB in Berlin and MITT in Moscow in March...

FM: Belarus ready to offer preferences to Japanese business
We all know how far Japan has advanced in car making, production of household appliances and in high technology. Therefore, we would like to ramp up our cooperation...

Belarus reduces export duties on oil, petroleum products on 1 January
On 1 January 2019 Belarus reduced export duties on oil and petroleum products that are exported outside the customs territory of the Eurasian Economic Union...

Investors from USA interested in capabilities of IT industry in Brest
Representatives of the private sector from the State of Nevada, USA intend to visit Brest in February...

Belarusian scientists develop DNA vaccine against neuroblastoma
"We have determined specific features of cancer cells and the markers that help a body to identify a diseased cell. The vaccine delivers these markers into a body in a form of a DNA in order to teach the immune system to identify and kill cancer cells"...

Krutoi appointed Belarus' manager in AIIB
Finance Minister Maksim Yermolovich has been appointed deputy manager...

Belarus, South Africa working on tractor assembly project
The diplomat said that a project is in development to start assembling Belarusian tractors in South Africa. Mozambique shows interest in similar projects, too...

Belarusbank gets €151m syndicated loan
Belarusbank Deputy Chairman of the Board Alexander Polivko noted that the bank debuted on the international syndicated loans market in 2006. The latest deal once again shows the high level of trust of investors in Belarusbank...

Belarusian store to open in Azerbaijan’s Nakhchivan
The network of Belarusian stores is expanding, Gennady Akhramovich said. There are six stores in Baku. More stores are to open in Nakhichevan, Ganja and Mingachevir soon...