Business news

International experts note Belarus’ high scientific potential in display technology
Vladimir Chigrinov mentioned the high scientific potential and opportunities opening up in Belarus. He also mentioned interest of young people in innovations, promising fields in the area of display technologies...

Slovakia to invest €15-20m in agricultural projects in Belarus
“One of the recent key topics [for bilateral cooperation] is to set up joint agricultural companies. We have an investor. The project will be implemented in Grodno Oblast and Brest Oblast. If we manage to implement this project, it will be the biggest Slovak investment. We are talking about the sum of about €15-20 million”...

Belarus pavilion to open in Shanghai
Belarus' Ambassador to China Kirill Rudy met with Greenland Group Executive Director Zhang Yun to discuss the possibilities of boosting supplies of Belarusian agricultural products with high added value to China, and the opening of a pavilion with Belarusian goods in Shanghai...

Belarusian companies promised help with entering Japanese market
Igor Lyashenko noted that Belarus has always maintained a wide network of economic ties. Today the country remains open to mutually beneficial cooperation with all countries and regions of the world...

Belarus' Minsk, Russia's Krasnoyarsk sign agreement on cooperation
The parties discussed the strengthening of trading positions. Some large Belarusian enterprises are present in Krasnoyarsk. These are Amkodor, BelAZ, and Minsk Tractor Plant...

Belarus, Japan to cooperate in sportswear production
Japan’s official delegation and businessmen arrived in Belarus in the run-up to the second Belarusian-Japanese economic forum. The foreign guests visited the Belarusian light industry concern Bellegprom and Belarusian textile companies Kamvol and Elema...

Belarusian Industrial and Investment Forum kicks off in Minsk
The international themed exhibitions to be held as part of the forum include TekhInnoProm, Profsvarka, Chemistry. Oil and Gas, Plastekh, Belarus-Japan Economic Forum, Belarus-Slovakia Industry and Innovation Forum...

Belarus’ Hi-Tech Park to cooperate with Uzbekistan in IT education, venture financing
Vsevolod Yanchevsky held talks with Uzbekistan’s ministers involved in the development of cooperation with the Hi-Tech Park. “In Uzbekistan they have paid close attention to the recent major decisions made by Belarus President Aleksandr Lukashenko with regards the IT sector,” he noted...

Belarusian chamber of commerce, India’s MIICCIA sign MoU
The parties agreed to promote trade and economic cooperation between enterprises of Belarus and India, to hold business and exhibition events with the participation of businesses of the two countries, exchange visits by business delegations...

Belarus’ losses from Russian tax maneuver estimated at Br520m
Some of the sum – Br301 million – was compensated for by the VAT (higher revenues than last year) and duties paid by individuals as they imported goods, including excise duties and recycling fees...

Construction of Belarusian nuclear power plant nearing completion
“The construction of the Belarusian nuclear power plant is nearing completion. We continue building energy-generating units in India, Bangladesh, Turkey, and China. Construction and installation work has begun at sites in Hungary, Finland, and Egypt. A nuclear power plant project in Uzbekistan is gaining momentum”...

Belarus-UAE military technology cooperation moving on to joint R&D
“We are moving from simple sales to joint research and development. It is truly a very promising area, which gives us good results, including financial ones”...

Qingdao hosts Belarus-China cross-border e-commerce forum
During the opening ceremony of the forum documents on trade and economic cooperation were signed between Belarusian and Chinese participants...

Belarus ready to help rebuild Iraq economy
Vladimir Makei underlined Belarus’ commitment to principles of international law and the importance of promoting peaceful initiatives and a political dialogue for the sake of stabilizing the situation and restoring peace in the region...

Belarus, UK’s Wales eager to advance trade, economic, investment cooperation
The sides discussed the bilateral agenda, including possible avenues for advancing interregional trade and economic cooperation, cooperation in agribusiness, interaction in the area of green technologies and environmentally friendly public transport...

Belarus, China’s Guangdong Province to expand economic cooperation
The parties discussed opportunities to intensify partnership between the cities of Belarus and Guangdong Province in connection with the plans to declare 2020 the Year of the Regions of Belarus and China...

Belarus’ gold, forex reserves at record high of $8.9bn
In August 2019, the country’s gold and foreign currency reserves went up by $263.1 million (or 3%) following the July growth of $337.2 million (4.1%)...

Mongolia wants to study Belarus’ expertise in industry, agriculture
The Mongolian official expressed hope that the two countries will continue fruitful cooperation on the international arena. She asked the Belarusian Ministry of Foreign Affairs for help with studying Belarus’ extensive expertise and knowledge in agriculture and industry...

Belarus expects Mongolia to ratify export loan agreement soon
Vladimir Makei and Batmunkh Battsetseg discussed the state and prospects of development of Belarus-Mongolia relations, results of the fourth round of bilateral political consultations conducted by deputy ministers of foreign affairs of Belarus and Mongolia...

IT cluster to be set up in Brest
A cooperation agreement was signed by Epol Soft and Orangesoft Development, Brest Local Fund for Regional Development, Brest Science and Technology Park, Brest State Technical University and Brest State University...