Business news

Belneftekhim’s exports up 27.5% in 2017
According to Igor Lyashenko, last year Belneftekhim maintained the momentum in sustainable development and carried out several investment projects...

Belarus to raise soft loan from China for investment project in agriculture
“The Council of Ministers gave an instruction to arrange China’s subsidized loan in 2018-2023 for up to 15 years to set up a high-technology full-cycle agricultural manufacturing facility in 2016-2032 (first stage). The investment project is estimated at 1.75 billion yuan”...

Latvian ports interested in transit of Belarusian oil products, cargoes from Great Stone park
Latvia is in favor of developing the trilateral cooperation with Belarus and China, especially in part of attracting cargoes from the industrial park Great Stone and their transit via Latvian ports...

BelAZ doubles production output in January
BelAZ stressed that the enterprise updates and improves its products on a constant basis. The company uses new high-tech equipment, applies new production methods, improves the operational characteristics of machinery and design performance...

Belarus-Latvia rail freight traffic up 4.5% in 2017
In 2017, the volume of goods transported by rail through the Bigosovo-Indra border point reached 23 million tonnes, up 4.5% versus 2016. The cargo train ZUBR operating between Belarus and Latvia delivered some 5,000 twenty-foot equivalent units in 2017...

Belarus’ exports to Finland up 18.2% in 2017
In January-December 2017 Belarus’ main exports to Finland included metal products (more than 33% of total exports), timber, transmission gear, equipment, women's outerwear, furs...

Belarus named Russia’s fourth largest trading partner globally, first in CIS in 2017
Last year, Russia’s top three trading partners were China, Germany and the Netherlands. The trade of Russia with China amounted to $87 billion (an increase of 31.5%), $50 with Germany (up 22.8%),$39.5 billion with the Netherlands (up 22.4%)...

No oil and gas disputes between Belarus, Russia
In his words, the EAEU member states have now launched the next stage, which is the negotiations on the development of the common electricity market in 2019, and the common oil and gas market, which is to go operational in 2025...

Russian ambassador sees prospects of designing Union State tractor as viable
The ambassador explained that he means concerted efforts of the Minsk tractor and engine plants and Russian producers of similar equipment to work together on third-country markets...

Belarus, Kazakhstan discuss prospects for industrial cooperation
"Our countries have a large untapped potential in trade, economic, transport, cultural and humanitarian cooperation. We need to take measures to develop further our partner relations"...

Belarus’ gold, forex reserves at around $6.5bn
In line with the IMF Special Data Dissemination Standard (SDDS), Belarus’ gold and forex reserves went up by $2.4 billion (up 48.5%) in 2017 to reach $7,315 million...

Belarus’ economic forum held in Frankfurt am Main
The discussions were mainly focused on Belarus’ role as a link between East and West and its potential for industrial cooperation, instruments of financing and insurance in the Belarusian-German trade, new technologies in the banking sector...

Bellesbumprom’s export up 42% in 2017
Bellesbumprom’s exported products to more than 60 countries. In 2017 its exports rose more than 42% and amounted to $427 million...

Belarus’ National Bank announces main objectives, strategic initiatives for 2018
"The planning system includes setting the main objectives for the current year to enable favorable conditions for sustainable inclusive economic growth through the quantitative and qualitative development of the monetary sector, banking, and payment system"...

Belarusian Universal Commodity Exchange welcomes first broker from Kazakhstan
In turn, Rashid Ganiyev underlined that the Belarusian market is of great interest to the Kazakh business and that commodity trading gives direct access to almost 15,000 Belarusian companies accredited at the BUCE...

Belarus’ dairy industry aims at 6t in milk output per cow by 2020
"Relying on science, building on the national and world experience, the dairy industry will take another development turn and dramatically improve its productivity and cost-effectiveness"...

Belarus’ agricultural exports up 15% in 2017
"The growth in the production output of agricultural products was registered throughout the country. Belarus has taken a course on innovative development of the agrarian sector"...

Belarus expects to get sixth EFSD tranche in Q1 2018
"The seventh tranche will be issued on the evaluation of the results reached as of 1 January 2018. Therefore it will be disbursed later than the first quarter"...

Belarus, Georgia mull over alternative supply routes
In his words, the number of Belarusian goods on the Georgian market has been constantly growing. "We have increased the number of commodity items over the past year. Belarus sells its cosmetics and household chemicals to Georgia"...

Belarus to float $600m worth of eurobonds in H1 2018
As BelTA earlier reported, Belarus does not rule out a possibility to float bonds on the Russian and Asian markets in 2018...