Business news

Brazil may invite Belarusian companies to join its oil production project
Brazil views further development of trade and economic relations with Belarus in the light of the Eurasian Economic Union capacities and the prospects Belarus’ accession to the World Trade Organization will provide...

Contracts worth over $3 million signed at Brest economic forum
“Brest companies have demonstrated their potential well at the exhibition within the framework of the forum. Ten prior arrangements have been made at the exhibition alone. The partners will agree upon prices and terms of supplies during visits to enterprises”...

Direct air service may connect Belarus’ Grodno, China’s Hainan
The regions plan to sign a memorandum of cooperation and establish twin-town relations in the future. Grodno Oblast will become the first such partner for Hainan in the Russian-speaking region...

Representatives of 18 countries participating in twin towns and partners forum in Brest
“We launched the forum of twin towns last year and this idea has paid off. This year’s forum has drawn around 40 delegations from 18 countries. We intend to sign 21 cooperation agreements. This will make a good start to the Brest millennium anniversary celebrations”...

Belarus, Germany mull over cooperation in digital economy
The parties talked over the development of smart industry and the possibility to sign a ministerial agreement on cooperation in the development of digital economy...

Belarus to take part in medical innovations expo in Azerbaijan
"In the last few years, export of Belarusian pharmaceuticals to Azerbaijan increased. Azerbaijan partners showed interest in medical services in the fields of oncology, surgery, cardiology, organ transplantation, gynecology, in vitro fertilization, and plastic surgery"...

Belarus, AIIB to launch pilot project to renovate Belarusian P46 motorway
The parties discussed progress in cooperation. In particular, the AIIB president welcomed the development of an important pilot project to renovate a section of the P46 motorway (Lepel – Polotsk – the Russian border)...

Egypt curious about Belarusian experience of building health resorts
"The guests from Egypt were fascinated by Belarusian nature and also expressed interest in tourism. They are willing to study Belarusian health resorts to build similar ones in Egypt. They have experience of building hotels, but lack expertise on medical equipment and treatment"...

Belarus eager to team up with Egypt to penetrate markets of Africa, Middle East
"No doubt we are interested not only in direct shipments and the establishment of assembly enterprises in Egypt but also in third countries, in working together with our partners from Egypt to reach the markets of continental Africa and the Middle East"...

Minsk to host Kastrycnicki Economic Forum on 31 October-1 November
“The forum will take place from 31 October till 1 November this year. Various issues will be discussed during the conference, including the Belt and Road initiative, sales opportunities in China and other distant countries”...

World Bank notes Belarus’ serious approach to reform roadmap
Earlier BelTA quoted Belarusian Economy Minister Dmitry Krutoi as saying that assisted by the World Bank the work on the roadmap of structural reforms in Belarus is supposed to be finished in Q4 2019...

Chinese companies to buy raw materials, finished products via Belarusian commodity exchange
The Chinese guests were particularly interested in figures reflecting the BUCE trade with Chinese companies, especially those concerning export of timber products, agricultural products (mainly beef and poultry), logistics potential, mechanisms of setting prices at the exchange...

New opportunities for financing infrastructure in Belarus thanks to cooperation with AIIB
The sides discussed promising infrastructure projects, including those designed to develop Belarus’ transport complex and expand infrastructure in the China-Belarus industrial park Great Stone...

Belarus seeks AIIB financing to improve transport infrastructure, healthcare
The Asian Infrastructure Investment Bank has no experience of financing projects in healthcare, but, according to Sergei Rumas, Belarus may become the first country to involve the bank in such a project...

Belneftekhim takes part in Oil, Gas, Petrochemistry exhibition in Kazan
At the opening of the forum the head of the Belarusian delegation, Belarus’ Ambassador to Russia Vladimir Semashko said that Belarus and Tatarstan have many promising areas of cooperation. Business contacts with Tatarstan companies have been developing successfully...

Belorusneft seeks American expertise to reach unconventional oil reservoirs
American expertise can come in handy for developing several sections of the Rechitsa oil deposit in Belarus. Belorusneft specialists are now busy conducting complicated and large-scale studies...

Lukashenko urges to look for new sugar sales markets
"Be more proactive. You should step up efforts to look for new sales markets. Agricultural organizations will harvest and make a stock of beetroots, and you should help them with sales"...

Lukashenko seeks to increase exports of potatoes
The head of state was informed that this year Belarusian potatoes have great sales prospects abroad. Serbia, Macedonia, Uzbekistan and other countries are ready to buy Belarusian potatoes...

Belarus, China mulling over investment forum in Hong Kong
They also looked into a possibility to hold a Belarusian-Asian investment forum. The parties are considering scheduling the forum to take place in Hong Kong in late 2019...

Belarusian products on display at Damascus International Fair
Belarus is taking part in the Damascus International Fair for the third time. Belarusian industrial products, food products, achievements in science, education, and healthcare, and services are showcased by 14 Belarusian enterprises...