Business news

30 Jun 2020

Belarus to increase oil export duties on 1 July
The export duty on crude oil will go up from $8.3 per tonne to $37.8 per tonne...

29 Jun 2020

Lukashenko wants universities train multidisciplinary specialists with IT skills
The president noted that the IT-majors coupled with other majors such as biological, chemical, economic and even law majors educate a modern-day man...

26 Jun 2020

Government counts on foreign funding to retool Belarusian tractor factory MTZ
"The enterprise should grow on. The most important thing now is to determine the maximum configuration, how much investment is needed, and what the payback will be"...

26 Jun 2020

Lukashenko commends decision to keep Belaruskali in state ownership
The president asked a rhetorical question: why sell the enterprise if it functions well, performs all the tasks?..

25 Jun 2020

Belarus interested in setting up proprietary enterprises in UAE
In 2019 Belarus-UAE trade was close to $90 million. The main exports were special-purpose goods, petrochemical and woodworking products, and foods...

25 Jun 2020

Belarus’ central securities depository granted ANNA full membership status
"Obtaining this status enables the central depository to participate in ANNA's general meetings with the right to vote, opens access to the association's projects to develop and apply the advanced international standards used in financial markets"...

25 Jun 2020

S&P affirms Belarus’ Development Bank 'B/B' ratings with stable outlook
According to the agency, the Development Bank of the Republic of Belarus (DBRB) has an integral link with and critical role for the government of Belarus given that it implements a number of priority state projects...

25 Jun 2020

Belarus raises $1.25bn from eurobond issue
According to the Finance Ministry, Belarus issued bonds worth $500 million with the maturity period of 5.7 years (to be redeemed in February 2026) and the interest rate at 5.875%; they will be quoted at 98.799 (98.799% of their par value)...

24 Jun 2020

Belarus, Hungary to expand cooperation in poultry farming
"The 1st Minsk Poultry Factory and Hungary’s Babolna Tetra signed an agreement on breeding layer young stock. The Hungarian partner will supply the 1st Minsk Poultry Factory with day-old nucleus chickens from the Tetra brown and Tetra white baseline crosses to improve the quality of the Belarusian cross and to provide Belarusian poultry factories with nucleus layer stocks"...

24 Jun 2020

Belneftekhim expects Azerbaijani oil to arrive in Odessa by 1 July
He confirmed that the tanker will bring 85,000-90,000 tonnes of oil...

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