Business news

26 Nov 2018

PM: Salaries projected to average Br1,025 in Belarus in 2019
“Salaries are expected to average Br1,025 next year. Salaries in the budget-financed sectors should be not less than 80% of the average wage, i.e. at the level of Br820,” Sergei Rumas noted...

26 Nov 2018

Belarus’ gold, forex reserves projected to remain unchanged in 2019
“We are set to keep the gold and foreign currency reserves at the level enough to cover for two months of imports. In absolute terms, they should make $7.1 billion”...

26 Nov 2018

Belarus’ central bank aims for single-digit refinancing rate in 2019
The head of Belarus’ central bank said: "We expect we will be able to reach a single-digit refinancing rate in 2019. It will surely depend on the performance of the economy, the state of the balance of payments, external conditions"...

26 Nov 2018

Polish companies eager to invest more in Grodno Oblast
"They are interested in setting up various manufacturing enterprises in Grodno Oblast, invest in, for example, tourism and sport. Several major projects are under consideration"...

26 Nov 2018

Minsk Oblast wants to launch pharmaceutical project with China’s Ningbo
Apart from that, Belarus is ready to deliver its agricultural products via container trains that will return to China from Europe. In particular, China is interested in meat and dairy supplies, namely ice cream, beef and poultry meat...

26 Nov 2018

Belarus, Indonesia intend to bolster business ties
Special consideration was given to the practical issues regarding the development of trade and economic cooperation, including in the context of Indonesia's membership in the Association of Southeast Asian Nations (ASEAN) and Belarus in the Eurasian Economic Union (EAEU)...

26 Nov 2018

Belarus mulls over national exposition in Jakarta in 2019
“We really want Belarus to become better known in Indonesia. We plan to organize the Belarusian national exposition in Jakarta next October, where Indonesian partners and friends will be able to see our new products, get familiar with our business, enterprises and culture”...

23 Nov 2018

Belarusian government authorized to borrow $2bn by floating securities abroad in 2018-2020
Belarus President Alexander Lukashenko signed decree No.458 on procuring external government loans on 23 November...

23 Nov 2018

Belarusian enterprises to get direct access to Uzbekistan’s commodity exchange market
"The launch of the e-trading platform of a foreign exchange is an unprecedented event for Belarus, which became possible thanks to the joint efforts of BUCE and UZEX. The project is aimed at providing economic entities of the two countries with easier access to tenders"...

23 Nov 2018

National interests behind privatization decisions in Belarus
The head of state touched upon matters of cooperation with foreign companies. In his words, for more than five years he has been quoted various sources saying foreign capital is interested in investing in the production of construction materials...

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