Business news

3 Sep 2018

CCXI assigns Belarus its maiden rating
The agency pointed to the country’s economic recovery after two years of recession, the sustainability of public finances thanks to the fiscal consolidation measures...

31 Aug 2018

Shanghai interested in Minsk’s experience of SME development
Gu Hongxiang, deputy head of the Shanghai Municipal Finance Bureau, noted that Belarus-China relations develop rapidly across the board. He underlined the importance of interaction at the level of individual cities...

31 Aug 2018

Belarusian ailing companies encouraged to explore import substitution opportunities
“I’ve just got back and they are telling me already that holding companies and something else will be established in Orsha. In other words, they want to mix unmatchable things. Don’t waste your time with these holding companies”...

31 Aug 2018

Lukashenko wants Belarusian engines to be as good as world’s best
"I want MMZ to take dramatic steps. It is a nodal enterprise. We cannot be a mechanical engineering country without developing our own engine manufacturing industry. And these engines should be as good as the world’s best"...

31 Aug 2018

Belarus’ external debt down 1.1% to $16.5bn
Since the beginning of the year, Belarus spent $1,592 billion to repay the external debt, including $800 million in eurobonds, $337.7 million paid to Chinese banks, $244.3 million to the Russian government, $176.6 million to the Eurasian Fund for Stabilization and Development...

30 Aug 2018

Plans to expand list of Belarusian enterprises seeking Chinese investments
Government agencies, including the Architecture and Construction Ministry, the state light industry concern Bellegprom, and the state food industry concern Belgospishcheprom, have suggested adding five enterprises to the list...

30 Aug 2018

Belarusian-Chinese Zoomlion-MAZ starts mass-producing country’s largest automobile cranes
The new automobile cranes are assembled at premises of the Mogilevtransmash company in Mogilev. The vehicle borrowed the CIS’ best chassis from the Belarusian automobile engineering company MAZ and modern mounted equipment from Zoomlion Corporation...

30 Aug 2018

Plans for new government program to support SMEs in Belarus
Alexander Turchin underlined that it is quite an ambitious task, including the timeframe. The relevant regulatory act needs to be drafted by the end of the year...

30 Aug 2018

EBRD working towards financing new projects in Belarusian rubles
"Today we estimate economic and macroeconomic potential risks as acceptable. They allow us to invest in the Belarusian economy. We are working hard on the list of potential projects we are going to finance in the local currency"...

30 Aug 2018

Minsk, Tallinn mull over direct flights
The parties considered the main areas of the Belarusian-Estonian bilateral relations. Sven Mikser praised the recent intensification of Belarus-Estonia contacts in diffirent areas...

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