Business news

Belarusian BelAZ ships new batch of haul trucks to Philippines
The haul trucks will have to transport limestone in an open pit on the island of Cebu. The trucks have been modified to match the customer’s requirements and climatic conditions...

Belarus attends sessions of Belt and Road Forum leaders' roundtable
The Belt and Road Forum envisaged a number of events of different format in the Chinese capital. The forum was aimed at strengthening cooperation between all the states taking part in the initiative...

Lukashenko discusses polluted oil issue with Putin
"The Russian president assured that the matter would be carefully looked into"...

Export of Belarusian computer, telecommunication, information services 25% up in Q1 2019
Positive trends in the development of the domestic market were registered in January-March. For instance, the number of landline broadband Internet subscribers reached 3.21 million while the number of IPTV subscribers rose by 68,000 and stood at 2.04 million...

Belarus to showcase investment capacities at Great Stone forum
Belarus Economy Minister Dmitry Krutoi and China Commerce Minister Zhong Shan signed a concept on the regional development and cooperation forum within the Belt and Road initiative that will take place in the Chine-Belarus industrial park Great Stone on 2 July...

Belarus, China pledge closer ties in economic research
The parties discussed the issues of social and economic development of Belarus and China, including some aspects of the development of manufacturing infrastructure, state of foreign trade and investment conditions and also the further development of the China-Belarus industrial park Great Stone...

Belarus continues cooperation with IMF; new program possible with approaches reconciled
"Our cooperation with the fund continues. That’s the kind of cooperation the IMF maintains with all countries"...

Belarusian Railways, Rail Cargo Austria sign memorandum of understanding
Belarusian Railways is interested in further enhancement of the already established business ties and in establishing new partnerships with top logistics companies, which help organize railway and multimodal container transportation within the framework of the strategic economic initiative Belt and Road...

Trade unions of Belarus, China to promote stronger ties between countries
"The Belt and Road international cooperation initiative is aimed at the elaboration of new mechanisms of regional economic partnership, strengthening of cultural exchanges and ties between all the participants of the project"...

Lost earnings from selling Belarusian oil products estimated at $100m
In his words, both Belarusian oil refineries – OAO Naftan and Mozyr Oil Refinery – are now operating at roughly 50% of the workload they had before the quality of Russian oil went through the floor...

Belarusian-Chinese agreement on transportation by road signed
The agreement was signed with a view to advancing and facilitating cooperation as well as foreign trade relations in the sphere of international transportation by road between Belarus and China...

Another three Belarusian dairy companies granted access to Chinese market
Products made by OAO Molochnyye Gorki (milk hills), Bobruiskmoloko, and the Nesvizh-based baby food factory can be exported to China now...

Belarusian scientists come up with three electric vehicle models
"We’ve developed a small truck, an electric car based on a Geely model, and a minivan, which has met a strong interest. We are testing them now. We will manufacture an entire lineup of these electric vehicles by the end of the year"...

Kuwait Fund for Arab Economic Development may finance cancer center project in Grodno
“Grodno Oblast is the only region in the country that has no cancer center of its own. Locals have to go to Minsk or other regions to seek qualified help,” Vladimir Kravtsov said...

Belarusian Railways, Exim Bank of China sign €65.7m loan agreement
The funds will be allocated to finance the project “Electrification of Gomel-Zhlobin-Osipovichi and Zhlobin-Kalinkovichi Parts. 3rd Stage. Zhlobin-Kalinkovichi Part”...

Belarus sees possibilities for considerable increase of food exports to China
"I can see that we are important for this market today. Our products have been tested and hailed. We may negotiate a considerable increase in the supplies of our products. Over the past two months we have exported $3.5 million worth of dairy products"...

Belarus’ industrial, investment potential presented in Hungary
A presentation of Belarus’ industrial and investment potential and opportunities for cooperation with Vitebsk Oblast, the free economic zones Grodnoinvest and Brest, the China-Belarus industrial park Great Stone, the Belarusian steel mill BMZ took place on the sidelines of the forum...

Belarusian Trade Ministry, International Finance Corporation sign cooperation agreement
Apart from that, the agreement approves an action plan, which provides for preparing data and calculating Belarus’ competition status index in key industries. The document also provides for putting efforts into improving antimonopoly legislation taking into account international experience...

Belarus, China sign agreement to bolster safety of delivery chains
A discussion took place and decisions were made on a broad range of topical matters concerning customs cooperation...

Belarus’ committee for standardization, China’s market regulator sign memorandum of understanding
"Belarus’ State Committee for Standardization and the State Administration for Market Regulation of China signed a memorandum of understanding to create the necessary conditions for bolstering the ties"...