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Economy

Maksim Yermolovich. An archive photo
Belarusian Finance Ministry calm about new restructuring of debts of state-run enterprises
29 November, 19:22
Some enterprises are still in trouble. New decisions to restructure their commitments need to be made. The number includes agricultural enterprises and a number of enterprises where the situation is not getting better, including due to the current state of foreign markets.
EDB's investment portfolio in Belarus to exceed $500m in 2020
29 November, 19:09
Andrei Belyaninov spoke in positive terms about prospects of the EDB's presence in Belarus. In his words, the bank's investment portfolio in the country will greatly exceed $500 million.
EFSD expects report on results of program with Belarus by 31 December
29 November, 19:00
The EFSD intends to receive an audited report on money transfers in Q1 2020. “After that the final report on the program will be submitted for consideration of the EFSD Council,” Andrei Shirokov said.
An archive photo
Surge in Belarus budget surplus explained
29 November, 18:24
There is nothing extraordinary here. This is a typical seasonal change in budget revenues and spending, Maksim Yermolovich said.
An archive photo
Eurasian Development Bank to help sell 5,000 Belarusian lifts to Russia
29 November, 18:22
The Eurasian Development Bank intends to finance the accelerated replacement of 5,000 lifts in apartment houses. The bank intends to allocate RUB10 billion during the first stage in 2020 as zero-interest installment plans for the period of up to 60 months without owners of the apartments having to pay extra.
An archive photo
Belarusian tractor maker MTZ opens sale, aftersales service center in Russia's Siberia
29 November, 17:46
In addition to selling MTZ tractors the center will offer aftersales service. The center has premises to spare for a warehouse to store parts and attachments and some outdoor space to demonstrate agricultural machines.
Belarusian automaker BelAZ, EDB sign €50m loan agreement
29 November, 17:31
The money will be used both to finance the working capital and also for investment purposes, company's Director General Piotr Parkhomchik told the media. BelAZ will earmark 60% of the loan to execute the contract to deliver haul trucks to India. Next year the company is to send 77 trucks to that market, he said.
Archive photo
Belarusian commodity exchange, Russian Grain Union sign partnership agreement
29 November, 17:13
The BUCE and the RGU will work together to develop exchange trade in grain in Belarus and Russia, to make products of Belarusian and Russian agricultural enterprises more competitive by using the exchange mechanism in trade and procurement more actively.
Archive photo
Latvian investments in Vitebsk Oblast 3.5 times up in January-September 2019
29 November, 16:44
In January-September 2019, the volume of Latvian direct investments in Vitebsk Oblast equaled $2.1 million, which was 3.5 up over the same period of 2018. A total of 90 companies with Latvian investment operate in Vitebsk Oblast.
Elena Gorelova. TASS photo
Moldova to join Eurasian Development Bank
29 November, 16:22
“The leadership of Moldova, represented by the president, the parliament speaker and the prime minister, has officially confirmed that Moldova will join the Eurasian Development Bank,” Elena Gorelova said.
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