Business news

Additional agreement with China’s Exim Bank on Great Stone infrastructure loan approved
The resolution approved the draft additional agreement between the Belarusian government and the Exim Bank of China as a basis to hold talks...

Belarus interested in raising EBRD’s annual investments up to €500m
Apart from that, the meeting touched upon the signing of loan agreements concerning the water supply industry, in particular, the construction of water deferrization stations in Vitebsk Oblast (a project worth €15 million) and the third stage of the water industry program...

Belarus’ Development Bank confirms floating eurobonds in Belarusian rubles
The bank will float Br210 million worth of eurobonds with the maturity period of three years and the coupon rate of 12% per annum at 100% of the face value via the global market of the Irish Stock Exchange...

South Korea presents experience of organizing digital economy transformation in Minsk
Proposals and recommendations were made on launching the digital transformation of the processing industry (mechanical engineering, petrochemical industry, and pharmaceutics)...

Belarusian Currency and Stock Exchange, Shanghai Stock Exchange sign memorandum of understanding
The memorandum provides for the exchange of information about markets and exchange products in Belarus and China, joint activities, research projects, internships and search for other opportunities for cooperation...

Belarus’ gold, forex reserves at $7.6bn
In April 2019, the country’s gold and foreign currency reserves went up by $322.7 million (or 4.5%) following the March growth by $150.5 million (2.1%)...

Chinese private sector eager to advance cooperation with Belarus in various spheres
Mikhail Myasnikovich stressed that Belarus treasures good relations with China. The year 2016 was a special milestone in their history when the two heads of state signed a joint declaration on establishing trustful comprehensive all-round strategic partnership and mutually beneficial cooperation...

Belarus working on projects to modernize, maintain oil industry installations in Nigeria
Belarus is in negotiations with Nigeria discussing the possibility of implementing joint projects, which envisage maintenance and modernization of oil refineries and oil industry installations in Nigeria...

Minsk airport to complete most of passenger terminal modernization by late May
In his words, after reconstruction in 2014 the entire terminal can welcome 7.5 million passengers every year. If the baggage area and the departure area are increased, the throughput capacity will be raised to 9 million passengers per annum...

First runway in Minsk airport scheduled for repairs in 2020
The head of state was informed about results of construction of the second artificial runway, prospects of developing the airport and the adjacent area, transport links with the capital city and nearby towns...

First unit of Belarusian nuclear power plant about to undergo hydraulic tests
Conferences with top officials of Rosenergoatom are held every week in the run-up to the tests. “Our job is to make the unit part of the power grid this year,” the official noted...

Negotiations in progress for Hungarian low-cost air carrier to offer flights from Grodno
Vladimir Kravtsov noted that the ability to visit Grodno District and Svisloch District without visas represents another opportunity for the development of tourism and for bringing in more guests...

UK invited to open pharmaceutical enterprise in China-Belarus industrial park
Mikhail Myasnikovich suggested considering the possibility of setting up a British company or a joint venture to make medications. Such a company would enjoy good access to the Eurasian Economic Union market. Both sides have the necessary competences...

Belarus, Uzbekistan set up joint dairy
The joint Belarus-Uzbekistan dairy company Zdravushka Tashkent has been registered in Tashkent Oblast...

Belarusian universal combat platform to be revealed at MILEX 2019
The Belarusian company OKB TSP will demonstrate its universal combat platform for the first time ever at the defense technology expo MILEX 2019...

ZTE Corporation to expand investment strategy in Belarus
Li Zixue assured that the company will not only finish the project to start manufacturing telecommunication equipment in the China-Belarus industrial park Great Stone but will also expand its investment strategy in Belarus...

Belarus introduces additional export promotion measures
Under the decree, the Development Bank of Belarus can provide several types of export credits...

Italy looks forward to effective cooperation with Belarus as part of Silk Road
“I am sure that our relationship can get a new momentum and receive further development within the framework of the Silk Road project,” Paola Taverna noted...

Moody's reaffirms Belarus' sovereign at B3
The global rating agency Moody's has reaffirmed Belarus' sovereign ratings at B3...

Strong interest of UK, U.S. investors in maiden issue of eurobonds of Belarus’ Development Bank
"The synergy of all the parties involved in this project will allow the bank to channel a substantial volume of long-term financial resources into the country’s economy on attractive terms"...