Business news

Major logistics hub to open near Belarusian-Polish border checkpoint Berestovitsa on 10 October
New technologies have been used to build the transportation and logistics hub near the border checkpoint Berestovitsa. The hub is directly adjacent to the border checkpoint, this is why trucks do not have to enter Belarus’ territory...

Minsk expected to host Eurasian economic forum in 2020
“An economic forum is going to be held in the presiding country and will gather presidents. We’ve determined how the forum will be prepared in order to make it a powerful event to accompany the session [of the Supreme Eurasian Economic Council]”...

EAEU adopts concept of common financial market
“Today we have passed the concept of the formation of the EAEU common financial market thus paving the way for free movement of capital and services,” Aleksandr Lukashenko said...

Trade between Belarus, Russia’s Tatarstan to equal at least $1bn in 2019
"Once we set a goal to reach $1 billion in trade. In 2017, we achieved this goal and in 2018 the trade came at $1.28 billion. According to analysts, this year the trade will go down in monetary terms due to a drop in prices for some products of the petrochemical industry"...

EBRD ready to help Belarus implement projects in transport industry
Aleksandr Pivovarsky noted that the bank finds it easy to work with Belarus that has considerable experience of cooperation with international organizations. Moreover, Belarus is a country with a relatively low level of corruption...

Belarus, Tatarstan to cooperate in electric transport
"We are currently working on a series of electric vehicles. The vehicle components made in Belarus are as good as the ones made in Tatarstan. However, as far as cargo beds and car bodies are concerned, there is something we can learn from Tatarstan"...

Klaipeda port to invest in infrastructure to attract freight from Belarus
Vidmantas Paukste remarked the Klaipeda port is one of the top 5 ports in the Baltic Sea in terms of freight turnover. The indicator rises by an average of 7% every year...

Belarus, Vietnam discuss ways to step up investment cooperation
Igor Lyashenko noted that Belarus is ready to increase supplies of automobiles ans mining machines to Vietnam and proposed to consider establishing a joint venture to assemble the latest models of urban public transport in Hanoi...

China-Belarus industrial park named best Belt and Road initiative project in Central, Eastern Europe
The administration of the China-Belarus industrial park Great Stone believes that the award testifies to the park’s growing image as an international platform for doing business, which is open to all countries...

Lukashenko promises to use only Belarusian cosmetic products
“I don’t need any imported products. I promise that I will never use imported staff. Even if someone presents these products to me, I will give them as present to someone else. We need to use Belarusian products,” the head of state said...

Belarus debuts at agricultural fair in Spain’ Lleida
The participation of Belarusian enterprises in the event has been organized by the Belarusian Embassy in Spain, Honorary Consul of Belarus in Barcelona Cristian Balcells, and Minskexpo exhibition company...

Belarus, Germany discuss projects in energy, industry, digitalization
This is the first visit of the state secretary to Belarus with the aim to boost Belarusian-German cooperation. Ulrich Nussbaum met with Economy Minister Dmitry Krutoi on 26 September...

Lukashenko: Belarus needs 50-100 years to find its place in world economy
"We both are a piece of the huge empire. It does not matter that 25 years passed since the collapse of the Soviet Union. We are not firmly embedded in the global economic system, we can veer to the left or to the right"...

Lukashenko: Belarus, Ukraine can balance bilateral trade
The deficit for Ukraine is largely due to the supply of oil products, the head of state noted. “We have some value added from this, because we make petroleum products from expensive oil. We actually pay a lot for oil. This is why we do not gain anything here"...

Lukashenko: More effort from Ukraine is needed to restore navigation along the Dnieper River
Aleksandr Lukashenko said: "As for Belarus, we’ve done everything [for implementing the project]. There was only one thing left to address (there is one thing for you to address now) – deepening of the river bed. It is necessary to make the Pripyat River and the Dnieper River deeper"...

Belarus to attract over €180m for sustainable energy project
In 2020-2024, Belarus will take out a €90 million loan from the International Bank for Reconstruction and Development for the period of 20 years. Another €90 million loan will be granted by the European Investment Bank for the period of 25 years...

Belarus, Russia’s Oryol Oblast to step up industrial cooperation
“They noted that enhancing industrial cooperation between enterprises of Belarus and Oryol Oblast is one of priority areas of work, also thanks to the reform of the solid waste management industry which is underway in Russia,” the press service added...

Belarus, UAE interested in joint projects in banking, agriculture, construction
According to Aleksandr Turchin, the countries and business communities have something to offer each other. Belarus’ advantageous location and membership in the EAEU make it an effective export channel to Russia and Western Europe...

Belarus, India to set up joint technology demonstration center
Mikhail Myasnikovich hailed the establishment of the center as a welcome step. In his words, the government and the parliament of Belarus support the establishment of the center as a Belarusian-Indian key scientific and infrastructural project...

Belarusian BelGee to make Euro-6 compliant cars
“Two options are available. On the one hand, we can reequip a car to use natural gas and it will be compliant with Euro-6 requirements. And there are models that use engines compliant with Euro-6 requirements. BelGee is expected to modernize its Atlas model up to the Euro-6 level next year”...