Business news

Belarus' external state debt down 2.3% to $16.5bn
As of 1 August 2019 Belarus' external state debt totaled $16.5 billion, down by $0.4 billion or 2.3% from the beginning of 2019 (taking into account differences in currency exchange rates)...

Companies from 8 countries to participate in BelTexIndustry 2019
The expo is one of the most important events for the Belarusian textile industry. It has become an effective platform to establish business relations and promote products in the Belarusian and international markets...

FM: Belarus is deeply interested in peaceful resolution of international trade wars
"I mean ongoing trade and economic disputes between individual states. Our stance on this issue is clear"...

Polish investor eager to turn around woodworking enterprise in Vitebsk Oblast
A Polish investor is working on the possibility of setting up a furniture enterprise in Postavy District, Vitebsk Oblast at premises of the bankrupt company Voropayevsky DOK...

Delegations from 18 countries to participate in forum of Brest partners, sister cities
“We incline heavily towards IT industry. The Brest State Technical University has excellent infrastructure for training programmers. An IT cluster will be built next to the university. It will be mentioned during the forum”...

Survey reveals why foreign patients opt for treatment in Belarus
According to Vladislav Androsov, Belarus is turning into a medical tourism hub in Eastern Europe. The most popular services are consultations, examinations and treatment (including surgeries), and dental prosthesis...

Belarus, Germany discuss cooperation in organic farming
The parties discussed ways to scale up cooperation between the regions. Grodno Oblast First Deputy Governor Ivan Zhuk noted that cooperation in the agricultural sector holds a lot of promise, as agriculture is one of the pillars of the regional economy...

Belarus, Cuba update agreement on mutual supplies
Evgeny Shestakov stressed that the document is meant to ensure progressive and balanced development of trade and economic cooperation between Belarus and Cuba, and offer opportunities to step up cooperation in industry, healthcare, and agriculture by promoting mutual supplies...

Belarus considering exporting electricity to Latvia
Belarus is looking into the possibility of exporting electricity to Latvia taking into account the country’s decision to possibly import electricity from third countries...

Belarus, Egypt come to terms on further development of production of MAZ vehicles
The sides discussed in detail further development of the joint production of MAZ automobiles in Egypt. The main stages of the project were discussed...

Turkish private sector ready to step up operation in Belarus
Mevlut Cavusoglu reminded that while in Minsk he had met with representatives of the Turkish private sector, who work on the Belarusian market. They spoke in positive terms about their work in the country and the terms Belarus offers to investors...

Belarus, Turkey switching to industrial cooperation
The Belarusian minister said that a plant to assemble MTZ tractors was opened in Turkey in April 2019. Belarusian companies are working on similar projects to assemble other types of vehicles...

China-Belarus industrial park development company authorized capital up 150 times in 7 years
“The company’s starting capital was quite small seven years ago. The authorized capital equaled $1 million. Since then, it has increased 150 times, as we have attracted big shareholders,” Kirill Koroteyev noted...

Belarus suggests setting up pharmaceutical clusters with Indian investors
“This pertains not only to export and import, but also to manufacturing, establishment of joint ventures and even clusters that would bring together representatives of the business community, science and education. We could work together on the markets of third countries,” he said...

FDI from China to Belarus 200 times up in last ten years
The portfolio of China’s technical and economic aid has already reached $0.5 billion and, according to the deputy economy minister, will grow larger. In particular, since 2015 China has granted nearly $185 million in technical and economic aid to Belarus within the framework of 12 projects...

Belarusian Belkommunmash to supply 100 trolleybuses to Dushanbe
The contract provides for supplying Model 32100D trolleybuses, which have the capability to travel for up to 15km autonomously. The first shipments are scheduled to take place this year. The final shipments will be delivered in September 2020...

Belarus welcomes more tourists from Turkey
"I have recently noticed a positive trend in the increasing number of Turkish tourists coming to Minsk and other cities to get familiar with Belarusian landmarks. We would like to see more our tourists in your country"...

Turkey eager to increase trade with Belarus
The ambassador said that the two-day visit of the Turkish minister of foreign affairs on 27-28 August will be full of negotiations and meetings. For instance, Mevlut Cavusoglu is expected to meet with Belarusian Minister of Foreign Affairs Vladimir Makei...

First residential house commissioned in China-Belarus industrial park Great Stone
According to Tian Jiaqi, head of the office of the 25th company of the China Railway Construction Corporation, the house was built in compliance with Belarusian standards and using mostly Belarusian materials (80%). The heating system uses a geothermal heat pump which is common in China but new to Belarus...

Georgia shows interest in buying MAZ vehicles
According to MAZ Director General Valery Ivankovich, the plant plans to increase exports to the countries of the Caucasus. “We hope to expand the lineup of the equipment we supply, increase the shipments and make Georgia a strategic outpost in the countries of the Caucasus”...