Business news

7 Feb 2019

Belarus’ gold, forex reserves at $7bn
According to the country’s main monetary guidelines for 2019, the volume of international reserve assets is expected to make up at least $7.1 billion on 1 January 2020...

7 Feb 2019

Software named Belarus’ main export to USA
The Digital Economy Development Ordinance was adopted in December 2017. The diplomat reminded that the ordinance had been presented at a similar forum one year before. “Now we have an excellent opportunity to recount the first results achieved in one year after the document came into effect”...

6 Feb 2019

Belarus’ central bank expects H1 2019 inflation on par with last year’s
“Inflation in the first half of the year is expected to exceed this year’s inflation target. Because the negative pressure on the part of the already existing temporary factors will not go away in the blink of an eye. Although their influence will fade away gradually”...

6 Feb 2019

Belarus named Russia's fourth largest trading partner in 2018
According to the Russian Federal Customs Service, the Belarusian-Russian trade totaled $35,686.2 billion in 2018, which was up 10.8% as against 2017...

6 Feb 2019

First export train with Belarusian goods to leave Orsha for China on 11 February
According to Alexander Zaitsev, it is the first export train Bremino Group is preparing to dispatch in association with the Chinese company Cosco Shipping. The train will deliver 41 containers to China, they are being assembled now...

6 Feb 2019

Belarusian Amkodor to ship $2.5m worth of vehicles to Egypt
“Egypt is an attractive market for Amkodor because of its high capacity. We will also be able to promote Amkodor vehicles to North Africa via this market,” the article reads...

5 Feb 2019

Concern over ineffective use of idle state properties in Belarus
The work to make unused properties part of economic turnover is done in line with presidential decree No.294. The Council of Ministers’ Presidium authorizes a list of such properties every year...

5 Feb 2019

Subsidies for cement producers discussed in Belarus
"The investment projects were launched at a time when cement prices dropped dramatically. Today, the companies are able to support their current operations, at the very least"...

5 Feb 2019

Improvements in business climate in focus of Belarus government meeting
We expect the documents aimed at improving the business climate and increasing the investment attractiveness of Belarus to be adopted soon, Belarus First Deputy Prime Minister Alexander Turchin told the media following the government meeting chaired by the Belarusian president...

5 Feb 2019

Number of visa-free visitors to Grodno District up three times in January
From 1 January to 3 February 2019, over 6,800 foreigners took advantage of visiting Grodno and Grodno District visa free. Just to compare: about 2,400 visa-free tourists visited the region during the same period in 2018...

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