Business news

Tentative plans for Geely to make automobile parts in China-Belarus industrial park Great Stone
"We have preliminary agreements on the arrival of two very large, truly significant investors for us. I hope it will happen and we will sign the relevant agreements. Primarily with Geely Corporation. Work is still in progress"...

Weichai to make gearboxes in China-Belarus industrial park Great Stone
The governments of Belarus and China see the possibility of attracting serious, so-called anchor transnational corporations as a source of the growth of investments. Our industrial park already has such an example...

Exhibition of Belarusian, Chinese goods and services to open at Great Stone on 30 June
"We will have four stands: Belarusian, Chinese, a permanent exhibition in the China Merchants Exhibition Hall and an exhibition of the park residents. Taking part in the event will be 105 Chinese companies and 74 Belarusian companies"...

Belarus eager to raise at least $1.6bn in net FDI in 2019
A strategy to attract foreign direct investments to Belarus in the period till 2035 has been drafted. The document provides for doubling net FDI by 2025 to $3 billion...

Belarus, Switzerland to expand cooperation in IT
Joint projects in IT, investment and manufacturing were discussed during the visit of a Belarusian delegation to Switzerland...

Belarus’ Naftan oil refinery calculating losses from tainted Russian oil
The Belarusian president visited Naftan on 7 June. He told heads of the domestic oil refineries to negotiate compensation exclusively in a businesslike manner. When asked about the progress in recovering damage, Aleksandr Demidov emphasized that the company is ready to defend its interests and the interests of the country...

61 new companies join Belarus’ Hi-Tech Park
The Hi-Tech Park has registered residents with foreign investment from the USA, Sweden, Switzerland, Israel, Malta, and Canada...

Belarus Development Bank, Eurasian Development Bank sign memorandum of understanding
The document defines the main areas of partnership between financial institutions, identifies priority areas and mechanisms of bilateral cooperation on the interbank market...

BUCE to facilitate export of Belarusian construction materials to Hungary
According to the head of the Belarusian delegation, Deputy Architecture and Construction Minister Oleg Shvets, the digital trade platform can ensure maximum transparency of the trade process and simplify the work of Belarusian exporters on the Hungarian market...

Belarus ready to supply Russia’s Arkhangelsk Oblast with machines, vehicles
Among priority avenues for advancing bilateral cooperation Vladimir Semashko mentioned woodworking, civil engineering, shipments of passenger and freight vehicles to Arkhangelsk Oblast as well as food and forest harvesting machines...

Lukashenko: No plans to sell Belarus’ key assets
“If you have apprehensions that they [oil refineries] will be sold for a song to someone, push this thought out of your mind. I still believe that strategic companies and other assets should not go on sale. I am not entitled to that. It was not me and even you who built these companies”...

More Belarusian dairy products certified for export to China
OAO Molochnye Gorki and Bobruiskmoloko will export sterilized milk to China. Nesvizh Baby Food Factory and the Soligorsk branch of Slutsk Creamery will supply pasteurized milk...

Three ways to develop Belarusian oil refinery Naftan under consideration
“Today we’ve precisely calculated and are considering three possible variants: fuel production (actually the same we’ve built already), fuel and petrochemical products, and petrochemical products. We tend to favor the latter. We believe it is the future”...

Poland interested in advancing trade cooperation with Belarus in agriculture
Tadeusz Romanczuk underlined that geographic and cultural proximity as well as good relations between Belarus and Poland should help shape a favorable investment climate...

Polish business sets eyes on Belarus
In his word, the agency’s task is to increase trade between the two countries and to bring more Polish investors to Belarus. One of the examples of successful cooperation is an investment project launched in Belarus by the Polish furniture maker Szynaka...

Lukashenko displeased with sales of Belarusian products abroad
The head of state recalled his visit to Ukraine. When on a visit, he asked how popular Belarusian petroleum products were there. It turned out local drivers were displeased with the absence of Belarusian fuel on the market...

Call to look out for Belarus best interest in oil compensation talks with Russia
“No need for extreme measures or pressure. The main thing is to look out for the best interest of the company and the state. No need to kneel begging. You just should address such matters in a business-like manner”...

Belarus’ gold, forex reserves at $8.1bn
According to the preliminary data, Belarus’ gold and foreign currency reserves totaled $8.09 billion as of 1 June 2019...

Belarus ready for mutually beneficial cooperation with Moscow Oblast on all fronts
Belarus is ready for mutually beneficial cooperation with Moscow Oblast on all fronts, Ambassador Extraordinary and Plenipotentiary of Belarus to Russia Vladimir Semashko said as he met with Moscow Oblast Governor Andrei Vorobyov on the sidelines of the 23rd St. Petersburg International Economic Forum...

Belarus’ food industry showcases export capabilities in China’s Zhejiang Province
The presentation took place during a visit of Ambassador Extraordinary and Plenipotentiary of Belarus to China Kirill Rudy and Belarus Deputy Agriculture and Food Minister Ivan Smilgin to Zhejiang Province...