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Economy

Photos courtesy of IOOO Slavkaliy
Second Belarusian potash mining company builds artesian wells
30 December, 18:55
Six artesian wells as deep as 140m as well as pump stations at each well are ready to supply water. A road to the wells has been built as well as a water conduit to deliver water to the mining and processing factory. Apart from that, two reservoirs to store purified water and supply water for fire extinguishing are ready.
Real cash income of Belarusians expected to grow by 7.5% in 2019
30 December, 14:43
A negative trend remains: there are employers that pay low salaries. “We have about ten enterprises where salaries are below Br400 and 336 enterprises with salaries below Br500. We are watching them,” Dmitry Krutoi noted. Work to resolve the problem will continue in 2020.
Photos courtesy of the Belorusneft press service
Belarusian oil service company to develop new gas field in Siberia
30 December, 14:20
The site is located in Purovsk District, Yamal-Nenets Autonomous District, Russia. It is adjacent to the northern border of the Izvestinsky licensed site Yangpur Company is already developing.
Archive photo
Belarus to reduce oil export duties on 1 January
30 December, 14:02
On 1 January 2020 Belarus will reduce customs duties on oil and petroleum products, which are exported outside the customs territory of the Eurasian Economic Union (EAEU). The decision was formalized by the Council of Ministers' Resolution No.918 of 27 December.
Dmitry Krutoi. An archive photo
Belarus, Russia yet to agree on natural gas, oil, taxes
30 December, 13:38
The official also stressed that there are no plans to stop using the Belarusian ruble and switch to another currency as part of the integration effort. “No such negotiations are in progress,” First Deputy Prime Minister of Belarus Dmitry Krutoi said.
Belarus to continue decriminalizing economic crimes
30 December, 12:38
Work on decriminalization of economic crimes will be continued in Belarus, Belarus' First Deputy Prime Minister Dmitry Krutoi said in an interview with the Belarus 1 TV channel on 29 December.
Belarus' Finance Ministry plans to float $160m worth of government bonds in Q1 2020
30 December, 11:50
Two new issues denominated in US dollars will be placed on 14 January and 13 February 13. The maturity period is at least 5 years.
Plans to finish reconstructing heat supply system of Belarus' top thermal power plant in 2020
27 December, 18:55
At present the output capacity of the Lukoml state district power plant is 2.9GW or about 30% of the installed capacity of the Belarusian power grid. The power plant generates up to 9 billion kWh of electricity every year or one fourth of all the electricity Belarus consumes.
Belarus to build facility to verify quality of oil coming from Russia
27 December, 16:35
According to Andrei Verigo, the Belarusian state petrochemical concern Belneftekhim has backed Gomeltransneft Druzhba's proposal to build incoming oil quality verification and flow measurement systems in the Belarusian section of the Druzhba system.
Belorusneft beats Belarus' all-time drilling footage record
27 December, 14:06
Belorusneft's Svetlogorsk drilling department is to blame for the new record. In 2018 the team drilled 137,461 meters of rock and built 50 wells. Back then the team beat the record registered in 1975 – 135,716 meters.
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