Business news

Lukashenko: Fishing industry program should be updated
“What are we waiting for? What are we afraid of? We have great technologies and we have markets. We need to update this program. I want to hear concrete proposals on what we should build and where. We need to increase fish production at least twice and not only in Mogilev Oblast,”...

BelAZ starts supplying 90t haul trucks to Russia
In line with the contract which was signed at the international mining expo in Russia’s Novokuznetsk in June 2019, BelAZ shall deliver 21 BelAZ 75581 haul trucks and ten BelAZ 75585 haul trucks to the Russian mining company by the end of 2019 to help it fully upgrade its fleet of heavy-duty vehicles...

Refinancing rate down to 9.5% in Belarus
On 14 August, the refinancing rate in Belarus reduced from 10% to 9.5% and the overnight lending rate shrank from 11.5% to 10.75% per annum...

Belarusian Belkommunmash to renew 40% of trolleybus fleet in Russian Novokuibyshevsk
Model 321 boasts a compact size and ergonomics, maneuverability, and good operational parameters. Its transistor-based traction system allows saving up to 44% of consumed electricity thanks to energy recuperation...

Foreign investments in Belarus at $5.1bn in H1 2019
The main investors included economic entities of Russia (44.7% of the total investment), the UK (20.4%), and Cyprus (8.2%)...

Belarusian Bobruiskagromash to ship agricultural machines, spare parts to Kenya
Visitors were most interested in Bobruiskagromash’s tillage machines, trailers and semi-trailers for tractors, forage-harvesting machines (mowers, rakes, and balers)...

Belarusian Milkavita raises export to China by 7 times
Since the beginning of the year Milkavita has shipped over $1.7 million worth of products to China or seven times as much as in January-July 2018. Every month the company ships about 500 tonnes of products to China – dry and liquid dairy products with a long shelf life...

Endoscopic surgery center to be set up in Belarus
The parties also discussed establishment of a top-notch endoscopic center at the National Medical Center. This center will offer world-class medical solutions to patients suffering from spinal cord diseases, urological problems and complicated ENT disorders...

Gomel Oblast companies to showcase food products in China’s Chengdu
“We started to expand into the market of China several years ago. The main aim of our companies is to boost the export,” Igor Aslyuk noted. According to him, companies have to get accreditation to export food products to China...

Construction of substation for second Belarusian potash mine expected to end this year
The construction of the Nezhinskaya substation and its connection to the Kaliynaya substation are supposed to be finished this year. The resulting source of energy will keep the future potassium complex supplied with electricity permanently...

Belarusian enterprises gear up for China International Import Expo in Shanghai
The 1st China International Import Expo was held in Shanghai in 2018. The showpiece event is by right called the event of the year in international trade...

Belarus harvests over 5.5m tonnes of grain
As of 12 August, grain and leguminous plants (except for corn, buckwheat and millet) were cropped from over 1.7 million hectares, which is 79.8% of the total cropping area...

Oil and gas trends to be discussed at international conference in Minsk
Participants of the forum will analyze the main trends of the energy market, prospects of oil and gas processing in Belarus, trade in petroleum products and liquefied gas, as well as technical and marketing novelties of operating filling stations and bulk plants...

Belarusian light industry concern, Russian Flax Union sign cooperation agreement
As part of the cooperation agreement the sides will consider the possibility of using flax fiber made by the Flax Union and its partners in order to make light industry products...

Belarus Business Day at MSV 2019 in Brno on 9 October
The preparations for the event were discussed at a meeting between Ambassador Extraordinary and Plenipotentiary of Belarus to the Czech Republic Valery Kurdyukov and Deputy Chairperson of the Board of the Czech Chamber of Commerce for the CIS Jana Kordacova...

EAEU to work out new approaches to lift barriers to dairy trade
“At Belarus’ initiative, the issue has been raised and draft decisions have been submitted to lift barriers and restrictions which are still present in mutual trade. This pertains, first of all, to phytosanitary and veterinary control, technical regulations”...

Belarus looks forward to agreement on customs duties in EAEU by 2019 year-end
"The most important thing is that our partners understand this too. This multilateral platform is the place to look for a reasonable compromise, without damaging national interests"...

Exim Finance looking into investment opportunities in Belarus
The agency’s Deputy Director Denis Meleshkin informed Kamila Yelshibekova about the main advantages of doing business in Belarus, about tax incentives, and presented a number of investment proposals...

Around 25% of Belarus’ national crop left to cut as of 9 August
As of 9 August, Belarus harvested almost 5.2 million tonnes of grain, with the average yield at 32.1 centners per hectare (above 27.3 centners per hectare on the same date last year)...

Belarus to build plant of concrete products, fish-breeding farm in Kenya
Belarus will build a plant of concrete products and a fish-breeding farm in Kenya to the total amount of about $104 million...