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News
[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
[03-06-2016 10:53]:  Belarus
Expert: Belarus’ GDP to fall 2% in 2016, grow 0.6% in 2017
Belarus’ GDP will reduce by 2% in 2016 and is expected to grow by 0.6% in 2017. But it is premature to speak about a full-fledged restoration in the framework of that scenario.  Read
[03-06-2016 10:40]:  Belarus
German DHoM: Belarus should take more resolute action to overcome crisis
Belarus should take more resolute steps to overcome the current crisis. Commodity trade is in decline not only with Russia and member states of the Eurasian Economic Union, but also with the European Union. According to the latest forecasts, Belarus’ GDP will continue falling in 2017. Read
[03-06-2016 09:45]:  Belarus
World Bank ready to help Belarus facilitate production upgrade, diversify export, enhance transport infrastructure
The World Bank (WB) is ready to provide assistance to Belarus in aspects relating to production upgrade and export diversification. In particular, Belarus-WB cooperation will be focused on further enhancement of Belarus’ transport infrastructure with emphasis on advanced technologies. Read
[01-06-2016 10:55]:  Belarus
Belarus’ cargo traffic down 9.9% in Jan-Apr 2016 to 132.432m tonnes
Belarus’ cargo traffic by all means of transport reduced by 9.9% year on year in January-April 2016 to 132.432 million tonnes. Read
[01-06-2016 10:48]:  Belarus
Belarus raises export duties on oil, oil products Jun 1
Belarus is due to raise its export duties on oil and oil products starting June 1, 2016, according to a corresponding ruling by the Belarusian government. Read
[01-06-2016 10:45]:  Belarus
Belarus to adjust gas network development plans in light of expectations of surplus electric power from BelNPP
Belarus will scale down its plans of further expansion of the countrywide gas distribution network in the light of expectations of surplus electric power, which will become available after the launch of the Belarusian nuclear power plant (BelNPP). Read
[01-06-2016 10:41]:  Belarus
Expert sees potential in creating state-owned clouds for data storage
Creating state-owned clouds for data storage is a promising direction in the development of telecommunication technologies. Read
[01-06-2016 10:34]:  Belarus
Belarus reports $1.262bn commodity trade deficit in Jan-Apr 2016
Belarus’ foreign trade deficit stood at $1.262 million in January-April 2016 to compare with a $1.020 million deficit in January-April 2015. Read

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