Business news

WB invited to join Minsk airport rail link project
he project was discussed during a meeting between Belarus’ Deputy Prime Minister Vladimir Kukharev and World Bank Country Manager for Belarus Alex Kremer on 13 November...

Benefits of Austrian investments in Belarusian IT companies pointed out
“When we started telling Austrian colleagues and partners about it, it turned out that many of them already know about Hi-Tech Park companies, about the rapid development of the IT industry in Belarus thanks to decisions and support of the head of state. We were certainly pleased to hear it”...

Lukashenko tells Austrian businessmen about key principles in cooperation with Belarus
Aleksandr Lukashenko told representatives of the private sector plainly: “If you come to us with investments, if you work and treat Belarusians like you treat Austrians, you will always be my citizens to me and I will support you by all means”...

Austria to help Belarus with 5G technology
The document was signed by Belarus’ Economy Minister Dmitry Krutoi and Austria’s Minister for Transport, Innovation and Technology Andreas Reichhardt...

Cheese accounts for over a third of Belarus’ dairy export
“We have been working hard to access new markets. In 2018 Belarus shipped dairy products to 58 countries as against 46 countries in 2017”...

Strategic priorities in Belarus-Austria cooperation on agenda
According to him, the Belarusian-Austrian business forum, which is scheduled to take place in Vienna on 12 November, has caused a lot of interest among Austrian partners. “They even go as far as saying it is a historical event. Over 200 Austrian companies have been registered to participate in the forum as of today"...

Plans to sign €250m agreements at Austria-Belarus business forum in Vienna
The ambassador emphasized new agreements on cooperation in energy, especially green energy, and also prospects in science and technology. The forum will feature speeches and presentations, and also B2B talks, business contacts...

Belaruskali, Chinese Migao set up enterprise to make potassium nitrate
The new factory is the first joint project of OAO Belaruskali and the Chinese company Migao Corporation Limited (the leading manufacturer of specialized potash fertilizers on the Chinese market). The enterprise also represents Belarus’ first factory to make potassium nitrate...

Belarusian BelAZ commissions new line to paint parts of haul trucks
The investment project to commission the new painting line cost Br35 million. It is part of a large-scale modernization program. Mikhail Myasnikovich pointed out that the company had managed to commission the new line using its own profits without taking out loans...

Audit Chamber set up in Belarus
They noted that the establishment of the Audit Chamber is a serious step forward for the entire auditing community; it is a new milestone in the development of audit in Belarus...

Stadler rolls out new electric train for Minsk metro
We have designed this train for the Minsk metro. We are proud that we have used our resources as much as possible. Of course, we would like to use it to attract more customers in the CIS, for example, it can be St. Petersburg in Russia, or Azerbaijan, Georgia that operate the 1520mm track. We can adjust trains for their infrastructure needs, Stadler Minsk CEO Philipp Brunner said...

Vienna to host Austria-Belarus business forum on 12 November
It is expected that a number of agreements and contracts will be signed during the forum...

Belarus’ gold and forex reserves projected at $7.3bn by late 2020
In order to improve the country's economic security and financial stability, the National Bank, together with the government, will continue to maintain the level of international reserve assets and improve their structure...

Belarus plans to increase exports to China up to $100m in 2020
"We are closely working with China. Our export is estimated at $61 million as of today. By the year-end it is expected to grow up to $90 million. In 2020 we are set to approach $100 million. We export a broad range of merchandise"...

Plans to build Euro-6 car engine factory in China-Belarus industrial park Great Stone
The official said: “Negotiations are in progress. The business plan is being developed. Intentions have already been expressed by Geely Company, Sinomach Company, and a resident company of the industrial park”...

Belavia to expand international route network in 2020
The head of the company noted that Belavia regularly expands the route network. This year, it launched regular flights to Munich and Tallinn...

IMF to possibly revise Belarusian economy growth projections after missions to Minsk
Alexander Zaborovsky believes: “Thanks to the Belarus-IMF dialogue the fund now has much more information for updating the projections. It is a very good sign. Intensive ongoing discussions will help the IMF mission to get the necessary information that will allow revising the projections after Article IV consultations”...

Belarus' external state debt down 2.2% to $16.5bn
As of 1 October 2019, Belarus' state debt totaled Br43 billion, down Br2.4 billion or 5.2% from the beginning of the year...

BelNPP’s environmental safety substantiation found compliant with IAEA recommendations
The experts recommend inviting international specialists and independent experts to monitor the radioecological situation in the observation area in the course of operation of the nuclear power plant...

Great Stone Park to go on show at China Import Expo in November
In the run up to the exhibition Beijing played host to the 12th meeting of the working group on the China-Belarus industrial park Great Stone under the chairmanship of Belarus’ Economy Minister Dmitry Krutoi and China’s Vice Minister of Commerce Yu Jianhua...