Belarus’ proceeds from exports of petroleum products to Latvia grew by 55% YoY in January-June to $57 million, a source in the profile ministry reported. Belarus exported 154,235 tons of petroleum products in January-June to Latvia, up by 85% YoY. (Prime-TASS/Business World Magazine)
Summarizing the results of soil moisture content analysis held in mid-August, soil moisture stocks are good at major part of cornfields. Due to rains in the first ten days of August, waterlogging remains a problem in some areas of Vitebsk and in the west of Minsk region where precipitation was often seen. At the same…
OAO Slootsk sugar refinery’s shareholders adopted a resolution on Aug 12, to increase the state-owned stake from 25.4% to 51%. The state-owned stake will be increased by means of issuing additional shares, which will be surrendered to the state. The sugar refinery’s statutory capital is made up of 336,059 shares with a face value of…
Grodno authorities are making preparations to convert the state-owned Hotel Belarus into an open joint stock company and sell a stake to an investor, Grodno Regional administration said. Built in 1968, Hotel Belarus is an 8-storied building with 242 rooms. The hotel is located in the city center. Earlier Lithuania’s Arvi Group considered buying the…
Proposals have been brought forward to cancel more than 40 administrative procedures for businesses, the press service of the Belarusian Economy Ministry reported. A working group for the simplification of administrative procedures was set up under the Prime Minister’s instruction. The minutes of the meeting of the working group held on April 27, read that…
ASB Leasing Ltd, the leasing arm of OAO Belarusbank, has reduced the interest rate for lease purchases of dwellings by individuals by 4% to 21% per annum. Apartments and single-family houses can be purchased on a lease scheme with a maximum period of 15 years. A down payment is required to cover at least 20%…
The China-Belarus industrial park Great Stone and the Suzhou industrial park have signed a cooperation agreement, the press service of the Belarusian Ministry of Foreign Affairs reported. The agreement was signed in conclusion of the second session of the Belarusian-Chinese commission on trade and economic cooperation as well as the eighth session of the working…