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News
[10-06-2016 10:27]:  Belarus
IMF mission to work in Belarus 21-30 June
An International Monetary Fund (IMF) mission will visit Belarus from 21 to 30 June. It will evaluate the current economic policy and hold annual consultations with authorities under Article IV.  Read
[10-06-2016 09:51]:  Belarus
Russia against unilateral revision of gas deal with Belarus — ambassador
Moscow is against unilateral revision of the contract on Russian gas supply to Belarus. The way out of the disputing situation should be found on the basis of logical activities subject to existence of the contract and changed situation with hydrocarbons. Read
[10-06-2016 09:28]:  Belarus
Gas price negotiation to continue without presidential participation
Negotiations on the natural gas price for Belarus will continue on the level of energy ministers, without the participation of the presidents of Russia and Belarus. Read
[09-06-2016 10:11]:  Belarus
British investor opens business center in Minsk
Britain’s Ergo Fin LTD built a Belarus-themed business center in Minsk. The total volume of investments in the construction of the new business facility was £15 million. 15% of the funds came from domestic investors (ZAO Vneshpromagroinvest and Tvoya Stolitsa). Read
[09-06-2016 09:56]:  Belarus
Amkodor to establish agricultural machinery holding
Minsk-based OAO Amkodor is planning to create an agricultural machinery holding. The company is also planning to invest $200-250 million in the construction of a loader-making plant in Minsk District and around $100 million in the development of its production facilities.  Read
[09-06-2016 09:46]:  Belarus
World Bank keeps Belarus' 2016 GDP outlook unchanged
The World Bank said in an official report that its experts expect Belarus' real GDP to lose 3% in 2016 and 1% in 2017 due to the weak foreign economic environment and internal structural problems.  Read
[09-06-2016 09:41]:  Belarus
Myasnikovich calls for intense use of national currencies in Belarus-Russia mutual settlements
Belarus and Russia should set prices in contracts in national currencies rather than US dollar, Chairman of the Council of the Republic Mikhail Myasnikovich said at the plenary meeting of the 3rd Belarus-Russia Forum of Regions on 8 June. Read
[09-06-2016 09:37]:  Belarus
Putin: Belarus may raise agricultural supplies to Russia
Belarus may raise supplies of agricultural products to the Russian market, President Vladimir Putin said on 8 June at a third session of the forum of Russian and Belarusian regions. Read
[09-06-2016 09:29]:  Belarus
Moscow, Minsk reach no agreements in gas dispute
Moscow and Minsk have reached no clear agreements on the price of Russian gas for Belarus, Belarusian Prime Minister Andrei Kobyakov told reporters on 8 June.  Read
[08-06-2016 12:52]:  Belarus
Mozyr Oil Refinery launches self-made raw stuff for European standard gasoline
Mozy Oil Refinery has launched on-site production of raw stuff for the European class gasoline. Read
[08-06-2016 11:31]:  Belarus
Belarusian economy lacks competitive strength due to overregulation – EDB
The excess regulation by the state limits the long term growth potential of the Belarusian economy and reduces its competitive strength. Read
[08-06-2016 11:05]:  Belarus
Belarus expects $300m worth of contracts from Forum of Regions
Belarus expects 39 contacts worth at least $300 million to be signed at the 3rd Forum of Regions Read
[08-06-2016 10:17]:  Belarus
Belarus’ gold, FX reserves down 0.3% in May 2016 to $4.617bn
Belarus’ gold and foreign exchange reserves [calculated under the national methodology] went down 0.3% month on month in May 2016 to U.S. $4.617 billion. Read
[08-06-2016 10:12]:  Belarus
Belarus’ IMF SDDS foreign exchange reserves up 1% in May 2016 to $4.272bn
Belarus’ international reserves went up 1% month on month in May 2016 to U.S. $4.272 billion as of June 1, 2016 by the International Monetary Fund’s Special Data Dissemination Standards.  Read
[07-06-2016 11:00]:  Belarus
Belarus invites Japan to more actively explore economic cooperation opportunities
Belarus invites Japan to more actively explore economic cooperation opportunities. First Deputy Prime Minister of Belarus Vasily Matyushevsky made the statement as he met with Ambassador of Japan to Russia with concurrent accreditation to Belarus Toyohisa Kozuki on 6 June. Read
[07-06-2016 10:26]:  Belarus
Kobyakov: Belarus, Moldova have the opportunity to shift from simple trade to cooperation
Belarus and Moldova have every chance of shifting from simple trade to the implementation of investment projects, Belarus' Prime Minister Andrei Kobyakov said as he met with his Moldovan counterpart Pavel Filip on the sidelines of the meeting of the CIS Heads of Government Council in Kyrgyzstan. Read
[07-06-2016 10:02]:  Belarus
Mogilevliftmash ups exports 13.5% in Jan-Apr
Belarusian elevator-maker Mogilevliftmash exported 2,921 elevators to foreign countries in January-April 2016, or 13.5% on the year.  Read
[07-06-2016 10:01]:  Belarus
Belarus reports 7.1-fold growth of petroleum exports to Poland
Belarus exported 171.698 thousand tonnes of petroleum products to Poland in Q1 2016, a 7.1-fold rise year-on-year. Read
[07-06-2016 09:58]:  Belarus
Turkey's Kastamonu to expand cooperation with Belarus' woodworking enterprises
Turkish woodworking holding company Kastamonu sees good prospects for cooperation with enterprises of the Belarusian woodworking, pulp and paper industry concern Bellesbumprom.  Read
[07-06-2016 09:55]:  Belarus
EurAsEc analysing benefits of free trade with Iran
The Eurasian Economic Commission (EurAsEc) is analysing the benefits of a temporary free trade agreement that might be signed by Iran and the Eurasian Economic Union. The analysis is expected to be completed by the end of the year. Read
[07-06-2016 09:52]:  Belarus
Lukashenko speaks about importance of export diversification
Gradual diversification of export and equal distribution of trade in three major destinations, namely the Eurasian Economic Union, the European Union, and partners in Asia, Africa, North and South America, are among the main priorities of the Belarusian economic policy.  Read
[06-06-2016 09:58]:  Belarus
Beshenkovichi Agroprodukt to invest €12.5m in rabbit meat project
Beshenkovichi Agroprodukt (Vitebsk Region) has earmarked €12.5 million for a project to produce 500 tonnes of rabbit meat a year. The company plans to implement the project at the Free Economic Zone Vitebsk (FEZ Vitebsk). Read
[06-06-2016 09:52]:  Belarus
Vitebskenergo signs contract with Siemens Aktiengesellschaft to service gas turbine unit at Lukoml district power plant
Vitebskenergo Company has made a contract with Germany’s Siemens Aktiengesellschaft to conduct regular service and maintenance operations at the gas turbine unit of Lukoml District Power Plant. Read
[06-06-2016 09:48]:  Belarus
BelOil’s petroleum products export to Poland up 3 times to 250,000 tonnes in 2015
Belarus Petroleum Company (BelOil) says its oil products sales in Poland via a proprietary commodity distribution network grew 3 times year on year in 2015 to 250,000 tonnes. Read
[06-06-2016 09:42]:  Belarus
NBB to keep pursuing tough monetary policy, monetary targeting in 2016-2017
The National Bank of Belarus (NBB) will keep pursuing a tough monetary management policy in 2016-2017 and will stay true to its monetary targeting approach. Read
[06-06-2016 09:37]:  Belarus
Expert: External shocks may grow if Belarus keeps expanding exports to Russia at the expense of EU market
Over the last decade Belarus has increased exports of investment commodities and consumer goods to Russia to the detriment of exports to the EU market, which will aggravate external shocks for the Belarusian economy.  Read
[06-06-2016 09:31]:  Belarus
Ministry for antitrust control established in Belarus
A ministry for antitrust control and trade will be established in Belarus on the basis of the existing Ministry of Trade.  Read
[03-06-2016 11:09]:  Belarus
Kommunarka’s net profit down 4.1 times to $1.078m in 2015
Belarus’ largest confectionery OAO Kommunarka reported a net profit of Br20.879 billion ($1.078 million) in 2015, down 4.1 times year on year. Read
[03-06-2016 11:05]:  Belarus
Polimir plans to build ethylene-propylene copolymer facility with Chinese credit
Belarus’ petrochemicals plant Polimir (affiliated with OAO Naftan, Novopolotsk) plans to use a Chinese credit to build an ethylene-propylene copolymer facility. Read
[03-06-2016 11:01]:  Belarus
Belarus plans to lease out two undeveloped oilfields to investors
Belarus plans to lease out two undeveloped oilfields to investors. An auction is to be held in Gomel soon to lease out these two oil fields to investors. Read

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