Business news

Belneftekhim wants fuel prices in Belarus on par with those in Russia
Today, retail prices for motor fuel in Belarus are lower than the prices at the filling stations in the neighboring regions of Russia (petrol prices are about 15% cheaper, diesel – 11%). Prices on the Ukrainian market are 48-68% higher than in Belarus. Prices on the markets of the Baltic states and Poland are 101-129% higher depending on the type of the fuel...

Inflation in Belarus at 4.6% in 2017
In December 2017 inflation in Belarus totaled 0.2% in comparison with November 2017...

Belarusian supersize truck maker BelAZ considering taking cryptocurrencies
“BelAZ always tries to keep up with the times and make its products more accessible. The company is considering selling its products in exchange for cryptocurrencies from 11 January through 30 January”...

Belarus sets up educational, scientific and production technological cluster
The main objective of setting up the cluster is to develop innovative approaches to technological education and ensuring the practical use of these approaches in training the engineering personnel. At the same time, the cluster members retain their legal independence...

Minsk Oblast to export more in 2018
The regional meat and dairy group Minoblmyasomolprom is expected to drive the export growth. Its enterprises will participate in major trade shows in Russia...

Belarus to cooperate with IMEX to promote its agricultural products in Iran
“The negotiations resulted in the cooperation agreement between ZAO Meat-Dairy Company and the Iranian company IMEX. The agreement suggests cooperation in promoting Belarusian agricultural products in the Iranian market, primarily beef and butter"...

Composite materials company to open in China-Belarus industrial park Great Stone
Two new resident companies were registered in the park on 3 January 2018. One will specialize in composite structures while the other one will focus on film coating technologies for automobile industry...

Belarusian tinned food company Gorynsky Agro starts selling to European Union
Branded with the Goryn trademark, the products were shipped to retail in Baltic states and Germany. A total of 12 titles of tinned food in glass jars were shipped. Europeans will be able to appreciate various kinds of snacks made of vegetables and mushrooms using organic food and original recipes...

Belarusian tinned food company Gorynsky Agro starts selling to European Union
Branded with the Goryn trademark, the products were shipped to retail in Baltic states and Germany. A total of 12 titles of tinned food in glass jars were shipped. Europeans will be able to appreciate various kinds of snacks made of vegetables and mushrooms using organic food and original recipes...

Belarusian tinned food company Gorynsky Agro starts selling to European Union
Branded with the Goryn trademark, the products were shipped to retail in Baltic states and Germany. A total of 12 titles of tinned food in glass jars were shipped. Europeans will be able to appreciate various kinds of snacks made of vegetables and mushrooms using organic food and original recipes...

More SMEs support from Belarus’ Development Bank in 2017
“In 2018, the Bank will continue to implement the SMEs support program which will be supplemented by the funds allocated by the World Bank,” the press service informed...

New company to make radio electronics in free economic zone Minsk
KB Radar is an R&D company specializing in radio location, radio navigation, communications interception, electronic warfare, radio communication, telemetry and data transmission solutions...

Environmental readings around Belarusian nuclear power plant taken in real time
"We now monitor a number of parameters — meteorology, climate, hydrology, chemical pollution in the air and surface waters. Radiation monitoring is central to our work"...

$550m earned by selling Belarusian government bonds in 2017
The Belarusian Currency and Stock Exchange helped sell as much as Br267.6 million and €50 million worth of bonds...

MTZ opens store in Almaty
“The store will sell tractors and spare parts, agricultural and farm equipment manufactured by the companies of the MTZ Holding,” reads the message...

Amendments introduced to state program on SMEs for 2016-2020 in Belarus
According to the document, the planned volume of expenditures to finance the implementation of the state program will be reduced from Br594 million to Br580.1 million...

Belarus, Azerbaijan to cooperate in stock market
The organizations will share the experience in the development of listing, study the mutual legal framework for introducing new financial instruments in the markets...

Belarus plans to build transport and logistics center on border with Poland
SIGICOP Logistics Company-Grodno became the first resident of the free economic zone in 2018. It is the first company with the Chinese capital in FEZ Grodnoinvest...

Belarus’ gold, forex reserves total $7.3bn
The country’s monetary policy for 2017 envisaged the growth of gold and forex reserves by at least $500 million. On the whole, the growth of gold and forex reserves made up 2.388 billion (48.5%)...

Belarus’ agricultural exports projected at $6bn in 2018
Leonid Zayats noted that in January-October 2017 the foreign exchange earnings in the agricultural industry rose by 18.9%. “We got over $4 billion ($618 million more than in 2016). We will add approximately $1 billion, which we earned in the last two months of the year, to the country's coffers”...