Business news

Belarus’ BelGee rolls out Geely Coolray crossover
Geely Coolray cars will cost less than Geely Atlas...

Plans to identify branches of Belarusian economy to better utilize Hi-Tech Park products
"The growth rate of the added value is 109.3%. It is the highest figure among all branches of the Belarusian economy"...

PM invites IT sector to focus more on Belarusian economy
"IT sector needs to work more for the benefit of the Belarusian economy. Yet, the level of cooperation in the area is insufficient inside the country. All the latest developments benefit the economy of other countries"...

Second unit of Belarusian nuclear power plant 70% ready
"Works underway include construction and installation works on nuclear and turbine facilities, installation of main equipment, technological pipelines, and cable products"...

Belarusian truck maker VIPO now makes municipal vehicles
The Vitebsk-based company intends to batch produce the new vehicle. A shop occupying 4,000m2 will be built for it...

Inflation in Belarus at 0.9% in January
Prices for foods rose by 1.1% from December 2019...

Belarusian steel mill BMZ ups deliveries to Africa by 80%
As far as regional distribution is concerned, countries of the European Union and Russia were the top export destinations in 2019. Africa came third with a share of 14.5%...

Belavia considering low-cost flights from regional airports
"We are considering low-cost business models for Belavia. We have appropriate aircraft and regional airports that are able to offer them low tariffs"...

Governments of Belarus, Russia to discuss nuclear power plant construction loan terms
“The governments are also supposed to hold negotiations to discuss terms of the loan on financing the nuclear power plant construction project. Taking into account the certain shift of the deadlines that has already happened”...

Belarusian steel mill BMZ now sells products to Poland via commodity exchange
As much as 2,000 tonnes of steel reinforcing bars made by BMZ and worth €731,000 was sold to Poland in two trade sessions (in December and January)...

IMF mission to visit Belarus on 19-30 March
"This will be a regular annual mission who will come for the Article IV consultations”...

F. Hoffmann-La Roche AG shows interest in cooperation with Belarus
The parties discussed possible areas of mutual cooperation and prospects for joint projects in healthcare...

EBRD to develop new country strategy for Belarus by year-end
"It will apply to the period from 2021 to 2025 and will describe the main areas of work on the policy of reforms and our investments"...

BelGee to make 28,000 cars in 2020
"For example, BelGee made and sold more than 20,000 cars in 2019. This year the company plans to expand its output. The goal for 2020 is 28,000 cars"...

U.S. Department of Commerce starts Belarusian market economy review
Within one month parties concerned are expected to submit their comments about various aspects of Belarus such as foreign currency operations, investment regulations, employment relations, state property, and progress in negotiations on joining the WTO...

Belarus, Ukraine agree on permit-free transportation system
“Ukraine has become the third country with which we have agreed on a permit-free transportation system. I hope that in April the MPs will consider the relevant draft law on ratification of this protocol”...

Hopes to see Belarus among EBRD's top 5 partners
"Over the past three years we have invested about €1 billion, which made Belarus the ninth biggest country the bank cooperates with"...

Belneftekhim delegation in Kazakhstan to discuss oil supplies
“The Belneftekhim delegation led by Belneftekhim Deputy Chairman Andrei Bunakov is in Kazakhstan where it will hold talks on oil supplies”...

Belarus plans to increase food export by 4.2% in 2020
Dairy products are expected to be the main driver of growth as always...

Belarus to send polluted oil compensation papers to Russia in February
In late January the Russian side expressed readiness to compensate the damage poor-quality Russian oil caused to Belarusian partners in 2019...