Business news

Central banks of Belarus, Russia discuss economic, monetary policy
The participants of the meeting discussed financial regulation and supervision mechanisms, the state of affairs in the banking sectors of the two countries and shared information on other relevant issues of the central banks of Belarus and Russia...

Sixth forum of Belarusian, Russian regions expected to net at least $550m in contracts
The senator said: “At least $550 million worth of commercial contracts will be signed. It is truly a serious contribution”...

Belarus to supply RUB5 bn worth of petrochemical products to Russia
These petrochemical products include automobile tires, high pressure polyethylene, polyamide, phthalic anhydride, alkyd resins, polyester textile yarns, as well as anti-icing agents. “In fact, all enterprises that are part of Belneftekhim Concern are represented in the supply contracts,” Denis Tumash said...

Belarus, Russia eager to develop high-speed railway service
“I am referring to the branch between St Petersburg, Moscow, and Minsk. Making a transit corridor out of it is the idea,” Marianna Shchetkina said...

Belarus, Novosibirsk Oblast working on joint biotechnology projects
Andrei Travnikov recalled that a delegation of Novosibirsk Oblast visited Belarus at the beginning of the year. During the visit, an agreement was signed to establish twin town relations between the Gorky District Executive Committee and the administration of the Koltsovo science city...

Belarusian Amkodor makes first forwarder in Russia’s Republic of Karelia
According to the source, it is the most popular model and can carry up to 14 tonnes or 16m3 of timber per run. Thanks to hydromechanical transmission it can travel over considerable distances on its own power at speeds of up to 28kmph...

Belarus’ Hi-Tech Park, Russia's Sberbank to cooperate in innovative education
The heads of Sberbank and the HTP agreed on active cooperation as part of innovative education projects. Vsevolod Yanchevsky said that Sberbank's best practices in this field merit the closest attention...

Discrimination of Belarusian products on Russian market under fire
Yet he stated that Belarusian products are discriminated against on the Russian market. “We reduced milk deliveries last year. This year the situation has been roughly the same,” the ambassador noted as an example...

Push to deal with tax maneuver compensation outside Belarus-Russia integration agenda
“I believe these things should not be tied up with each other because it is necessary to deal with the matters that have become ripe within the framework of other agreements. We should have dealt with them a long time ago, as of 31 January 2019 at the earliest”...

Enterprise to assemble Belarusian lifts opens near St Petersburg
The Belarusian lift manufacturer Mogilevliftmash has been shipping products to St Petersburg and Leningrad Oblast for a long time already. This is why the decision to set up an assembly enterprise in the region was not accidental...

Belarus ready to help extract commercial minerals in Russia’s Primorsky Krai
"In my opinion, cooperation with our [automobile engineering company] BelAZ is one of the promising avenues. We could definitely participate in the development of mineral deposits and the extraction of commercial minerals in Primorsky Krai"...

Russian Sberbank to pay close attention to transfer of technologies to Belarusian market
"The Sberbank head noted that the meeting with the Belarusian head of state had touched upon what could be done together in the area of new technologies. The transfer of technologies into the banking industry and other branches of the economy and the social policy were mentioned"...

Belarusian-Russian youth business incubator to open in Kazan in 2020
"We have many new formats of bilateral contacts between regional youth organizations. There is, for example, such a format as a youth business incubator which brings together young entrepreneurs of the two countries"...

Lukashenko satisfied with Sberbank’s work in Belarus
Aleksandr Lukashenko said: “I am grateful to you for your continued work in Belarus despite all the problems in Russia and Belarus. Nevertheless, you stand strong. I see you’ve started giving more loans to natural persons”...

BCSE, Shenzhen Stock Exchange to advance cooperation in exchange trade
The initiative will include the sharing of exchange information, the organization of joint events and research projects meant to develop and support organized stock markets...

Minsk to host Belarusian-Iranian business forum on 24 July
Participants will have the opportunity to hold talks with representatives of the Iranian companies who would like to cooperate with Belarusian manufacturers of medical and pharmaceutical products, gas equipment...

Belarusian companies eager to sell €200m worth of merchandise via IKEA
"Interaction between Belarus and IKEA has been advancing fast recently. The company has even adopted the strategy Go Belarus and intends to double purchases in our country"...

Belarusian-Spanish joint ventures to process vegetables, fruits suggested
“We will try to encourage the Spanish to not only supply raw materials but process them together, to set up joint ventures in Belarus. In particular, joint ventures for producing olive oil, making tinned food, preserves based on Spanish fruits and vegetables”...

Belavia launches Minsk-Munich air service
Munich International Airport has become the fourth destination for Belavia in Germany. Now the Belarusian air carrier operates scheduled flights to the airports of Berlin, Frankfurt, Hanover and Munich...

Belarus-Lithuania-Ukraine container train project off to good start
The train bearing 65 containers placed on 43 double-stack cars left the Lithuanian port Klaipeda on 9 July. It crossed Belarus in transit and reached the terminal station Brovary in Ukraine on 11 July...