Business news

13 Aug 2020

Cheaper electricity for real sector after Belarusian nuclear power plant launch
Viktor Karankevich reminded that the loading of nuclear fuel into the reactor of the first unit of the Belarusian nuclear power plant began on 7 August. The work will be finished on 13 August – all the 163 fuel rod arrays are supposed to be loaded then. “After that the reactor will be assembled, sealed, and will have to reach minimal output levels. Connection to the power grid and the generation of electricity for consumers in the country are scheduled for Q4 2020”...

13 Aug 2020

Belarusian oil refineries intend to process at least 16-16.5m tonnes of oil in 2020
According to the source, at present the Belarusian oil refineries operate steadily, plans on deliveries till the end of the year are in place...

13 Aug 2020

Miory Steel to debut at Belarusian commodity exchange in September
"Participants of the inaugural trading session will be able to purchase a total of 4,700 tonnes of cold-rolled coils at the initial price of €460 per tonne. Miory Steel offers the following terms of payment and delivery: full advance payment within 3 banking days from the invoice issue date and shipping under Ex Works (Miory). Several foreign traders registered on BUCE have already expressed interest in buying Miory Steel products"...

12 Aug 2020

Belarus’ central bank expects annual inflation at 5-5.3% till year end
"A combination of lengthy disinflation factors, which effect is already manifested, will help keep prices stable later on"...

11 Aug 2020

Belarusbank, UBS Switzerland AG to finance purchase of Stadler trains for Belarusian Railways
The company has already started producing ten five-car FLIRT trains for Belarusian Railways. The first new electric train will be launched in July 2021...

11 Aug 2020

Plans to sell Belarusian wood pellets to Europe
The forestry enterprises where new pellet plants have been set up intend to export at least 10,000 tonnes of fuel pellets in August...

11 Aug 2020

Foreign investments in Belarus at $4.5bn in H1 2020
Among the main investors in Belarus were economic entities of Russia (42.8% of the total), Cyprus (10.9%), and Austria (7.9%)...

11 Aug 2020

Belarus’ agricultural export to Uzbekistan up 3.3 times in H1 2020
The ambassador and the minister also reviewed progress in implementing Belarus-Uzbekistan joint projects in the agricultural sector, including projects to set up a milk processing complex and a selection breeding center and a project to launch production of veterinary medicines...

11 Aug 2020

Lukashenko: Belarus should boost food export
"All countries have gone on a lockdown, while we keep working. Go ahead and sell your products. Markets are open, you just need to work harder"...

11 Aug 2020

Price controls on staples to remain in place in Belarus till 2021
At the same time, Vladimir Koltovich noted that price controls as such make sense only when they are used for a short period of time – not longer than a year...

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