Business news

5 Jan 2021

Regional chambers of commerce of Belarus, Russia sign cooperation agreement
The parties have agreed to strengthen ties between businesses and help establish new, organize joint business missions, and exchange information about business environment, investment climate, and upcoming events...

5 Jan 2021

Belarusian exports to Armenia amid pandemic discussed
The parties praised the current level of interaction between the countries and outlined specific steps to intensify cooperation in various areas...

4 Jan 2021

Belarus’ proposals on natural gas transportation tariffs in EAEU common market outlined
Igor Petrishenko stated: “The Belarusian side does not insist on introducing a universal gas transportation tariff for all the Eurasian Economic Union member states. The Belarusian side does not try to force the countries to introduce government regulations of these tariffs if their national laws do not account for it. We suggest that regulatory bodies and monopolies of the member states should observe the key principle that ensures fair competition in the sphere of natural gas in the Eurasian Economic Union"...

4 Jan 2021

Belneftekhim to gradually adjust prices for automobile fuel in Belarus in 2021
"We don’t intend to abandon the time-tested practice, of which the population and the private sector generally hold a favorable view. Depending on oil price changes and taking into account the complex evaluation of the operation of oil refineries, fuel prices will be either raised or decreased by Br0.01 per liter per week"...

4 Jan 2021

Bellesbumprom’s export up by 3.9% in January-November 2020
"Export accounted for 76% of the total output of the companies affiliated with Bellesbumprom. This was the highest share of export in output in the history of Bellesbumprom"...

4 Jan 2021

Belarus signs long-term oil supply contract with Azerbaijan's SOCAR
The contract has been signed for one year with the possibility of further extension. SOCAR Trading will supply Belarus with both oil from Azerbaijan and, potentially, from other sources. The volume of deliveries under the new contract is not disclosed...

31 Dec 2020

Belarus’ commodity exchange posts strong sales of oilseed meals in January-November
Soybean meal and sunflower meal that are used as a protein supplement in animal husbandry were in the highest demand at trading sessions...

30 Dec 2020

Smorgon forestry becomes FEZ Grodnoinvest resident
The implementation of the project will expand the range of products, increase the scale of production and increase exports, improve the profitability and efficiency of production, create additional jobs and increase budget contributions...

30 Dec 2020

Belarus gets first $500m tranche of Russian loan
Belarus is supposed to get the second tranche worth $0.5 billion in 2021...

30 Dec 2020

Belarusian Planar to sell photomask repair lasers to American company
The sale will allow OAO Planar to promote photolithographic mask fabrication products in non-CIS states and penetrate the U.S. market...

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