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Business news

3 Feb 2017
Belarusbank to borrow $100m from China Development Bank
The document authorizes OAO ASB Belarusbank to borrow $100 million from the China Development Bank as an external loan with a view to financing routine operation of the Belarusian bank. It is the first untied loan a Belarusian commercial bank will take from a Chinese partner...
3 Feb 2017
Lukashenko: Belarus made full state debt payments in 2016
“I don’t know why you start talking about refinancing right away. If we need refinancing, we will think about it. But for now we intend to use our own resources this year to pay as much as we have to pay”...
3 Feb 2017
No disagreement between Belarus, IMF over utilities, management of state enterprises
“Two issues are left to be addressed. The solutions are nearly ready. We just have to make the relevant political decision and become part of the program. Cost recovery is what matters as far as utilities are concerned. As a matter of principle, we have found all the exits and have polished some part of the project"...
3 Feb 2017
Lukashenko promises thorough investigation of investor ‘intimidation’ cases
“If we receive information that an investor is intimidated by someone, those responsible will be punished severely. We use an absolutely different policy. If such things happen, tell me about this and we will investigate the situation, I have enough powers for this”...
3 Feb 2017
Lukashenko: It is premature to introduce private land ownership
The head of state believes there should be no hurry in this matter. “We are not ready for it. Land can be leased for a long period of time. Anyone is welcome to lease land and work. They say that once land is in private ownership, it cannot be taken away. This is not true: if you violate the law, the land will be taken away. Our legislation envisages the forfeiture of property,” said Alexander Lukashenko...
3 Feb 2017
Lithuania asked not to politicize Belarus’ NPP project
The President stressed that Belarus is ready to employ Lithuanian specialists who lost their jobs due to the closure of the Ignalina plant. Many people are ready to come and are actually coming to work at the future plant. But the main thing is that Belarus is ready to sell electricity to Lithuania at normal prices...
3 Feb 2017
Lukashenko: Belarus has lost $15bn due to unequal prices on the Belarusian and Russian markets
“Due to unequal prices, unequal conditions Belarus has lost $15 billion only because of the prices. The Russian side recognizes the figure and has lent us $5 billion. I am not entirely happy with the fact that they took $15 billion from us with these prices and lent us our money — and only one third of it at that — with an interest rate three times higher than the IMF offers. Is it normal?” wondered Alexander Lukashenko...
3 Feb 2017
Lukashenko promises to attend Assembly of Business Circles
“If you invite me, I will attend the assembly,” the head of state said. Alexander Lukashenko also remarked that the serious reformation of the Entrepreneurship Council under the aegis of the President is currently in progress...
3 Feb 2017
Plans to cut down on small business inspections in Belarus
“We will toughen the laws with respect to responsibility of managers. Then neither the Emergencies Ministry nor hygienic service will be running around. It will be the head of the company who will be making every effort to make sure that everything goes well. This is the way it should be,” the head of state said...
2 Feb 2017
Belarus presents its export and investment potential in Chisinau
According to the Belarusian embassy in Moldova, the presentation of Belarus’ export and investment potential for Moldavian businessmen was held as part of the Made in Moldova exhibition. Taking part in the expo was a delegation of Belarusian companies led by Director General of the Gomel Office of the Belarusian Chamber of Commerce and Industry Marina Filonova...
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