Business news

12 Mar 2021

Belarus’ central bank’s refinancing rate to stay at 7.75%
In a bid to curb inflation the board of Belarus’ central bank has taken a number of decisions to step up control over the growth of the ruble money supply and the broad money supply, which are treated respectively as the operational target and the intermediate target of the monetary management policy in 2021...

12 Mar 2021

Belarus, Bosnia and Herzegovina discuss legal framework, economic cooperation
During a working visit to Bosnia and Herzegovina, Ambassador Aleksandr Ponomarev visited a number of cities in the Republika Srpska. In the city of Zvornik he met with Mayor Zoran Stevanovic. In Bratunac the ambassador toured TRB company, one of the largest enterprises of the military and defense complex in the region...

12 Mar 2021

Belarus' HTP exports hit record high in 2020
In 2020, the Hi-Tech Park posted exports worth $2.735 billion, up by 25% year-on-year. The total output reached Br7.4 billion, up by 43% over 2019. This is a record high in the history of the HTP...

12 Mar 2021

Belarus to borrow $20m from OPEC Fund for healthcare needs
The agreement provides for lending $20 million to Belarus for the sake of financing COVID-19-related healthcare measures...

11 Mar 2021

Demand for Belarusian sawn timber in China expected to grow
"Buying sawn timber on BUCE helps us minimize commercial risks. BUCE closely controls how companies fulfill their obligations, which is why we can always be sure that we will get high-quality products in due time"...

11 Mar 2021

Bellesbumprom’s exports up by 18% in January 2021
Exports to non-CIS countries rose by almost 26% to $28.8 million and accounted for 52% of total exports. In January 2020, exports to non-CIS markets accounted for 48.7% of the output...

11 Mar 2021

Belenergo, CNEEC sign memorandum of understanding
During the meeting, the parties discussed promising areas of mutually beneficial cooperation, namely: the implementation of the latest energy storage technologies, the use of battery power plants (electric energy storage units) to stabilize and cover peak demand in Belarus, production, installation, operation and maintenance of car charging stations in Belarus...

10 Mar 2021

BUDEXPO 2021 business program unveiled
The business program of the expo will also be busy. It will include a plenary session to discuss the development of the Belarusian construction industry as well as presentations, seminars, and lectures. “There will be an exhibition showcasing projects of young architects and designers as well as works by young painters and sculptors for sale...

10 Mar 2021

Russia’s share in Belarus’ food export exceeds 70% in 2020
In 2020, Belarus-Russia trade in agricultural and food products totaled $5.7 billion, down by 2.8% over 2019. Export of Belarusian food products to Russia came at $4.3 billion. Belarus imported $1.4 billion worth of agricultural products from Russia in 2020...

10 Mar 2021

Belarusian nuclear power plant in for operating license inspection in late April – early May
"A nuclear power plant has to prove its operation will be safe. An expert evaluation is arranged with that in mind. Documents that substantiate safety are reviewed. The process is lengthy, science-intensive and resource-intensive," Olga Lugovskaya noted...

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