Business news

Belarus, Hungary eager to cooperate in nuclear energy
The ambassador invited the Hungarian minister to visit Belarus for the sake of sharing the experience regarding the construction of the nuclear power plant and for holding negotiations on establishing cooperation in nuclear energy and other fields...

Preferential-rate loans for buying Belarusian vehicles, machines in Ukraine
The agreement will allow Ukrainian consumers to buy Belarusian vehicles, machines, equipment on preferential terms. It will also reduce the interest-rate cost of the loans. Since the program was launched, Ukrgasbank has issued over 400 loans to the tune of about UAH500 million...

Belarusian enterprises consider supplying elevators, utility vehicles to Georgia
The parties discussed ways to step up interregional cooperation between Belarus and Georgia, launch trade and economic projects...

Belarusian nuclear power plant to cost less than $10bn
The Belarusian head of state drew attention of his Russian counterpart to the fact that the Belarusian-Russian credit agreement provides for lending up to $10 billion while the real price will be less than $7 billion...

Lukashenko wants supremacy of technology, new products in agriculture
"The number one task for agriculture is to ensure the absolute supremacy of technology and work discipline. Everyone should get involved, from company chiefs and specialists to our police"...

Second nuclear power plant in Belarus possible
“If the first one is a success, it is possible the new society will have to build another nuclear power plant in the future. A spot for it has already been chosen. It is located in [Belarus’] east”...

Lukashenko calls for level playing field in EAEU
“Today, Belarus is ready to play a bigger role as a trade channel for the multi-million market of the Eurasian Economic Union and the CIS countries with the European Union,” the president said...

Lukashenko: IT sector should cater for economic needs
According to Aleksandr Lukashenko, the Hi-Tech Park (HTP) shapes Belarus’ image on the international arena. "The most important thing now is to maintain momentum and to stay in touch with current economic needs"...

Lukashenko: Authorities should instantly respond to price rise
“If prices go up, the government and local authorities should respond to it right away. I don’t mean to say that we should push prices down to the extent when manufacturers and sellers will quit this business and allegedly leave it to die and to incur losses”...

Lukashenko warns against reduction in employment
Creating high-performance jobs remains a priority goal, and the whole vertical of power is responsible for achieving it, the president added...

Lukashenko displeased with unreasonably long modernization of large enterprises
“However, the implementation of individual projects has taken unreasonably long time. First of all, it applies to Svetlogorsk pulp and paper mill, Dobrush factory Geroy Truda, newsprint plant in Shklov, and oil refineries”...

Belarus’ economy to prioritize development of large enterprises
The president emphasized that the strong economy is the foundation of a successful state, and Belarus has done a lot over the years of independence. For example, the gross domestic product per capita and in terms of the production parity went up almost five times...

Lukashenko wants breakthrough projects in every industry
“We need projects of the future in keeping with the best global trends in every industry. We need new production facilities, new technologies and new products,” Aleksandr Lukashenko said...

Belarus president urges to create environment for healthy competition
People’s incomes and their growth remain among the priority goals for the government. Certain categories of workers in the scientific, education, healthcare, and construction sectors saw wage rises last year...

Gomeltransneft Druzhba: Oil transit through Belarus is more cost-effective than via seaports
"The analysis shows that the route through Belarus remains the most economically attractive, including taking into account our proposal to raise tariffs by 23%"...

Foreign ambassadors get familiar with potential of China-Belarus industrial park
"Recognizing the tough competition for investors on the international market, Belarus has created the most pleasant investment climate there is for residents of the industrial park"...

Belarus, Tajikistan to cooperate in engineering, agriculture
"We have set up a joint venture in engineering [assembly of tractors in Hissor]. We need to build channels to move our goods, including through Tajikistan to neighboring countries. Work is underway on joint dairy companies"...

Belarus, Uzbekistan to set up joint venture to produce medicines, antiseptics
The delegation met with Uzbekistan’s minister of health and the head of the Agency for the Development of the Pharmaceutical Industry under the Ministry of Health of Uzbekistan...

China implements 4 investment projects in Grodno Oblast
A company from China has purchased a 16-storey building of the former Grodno Hotel. It is currently under reconstruction. The project envisages a new hotel, a restaurant, trading area and offices...

EBRD-sponsored strategy to guide Belarusian top road construction company for four years
The work done to put together the strategy allows laying the foundation for steady growth and a stronger stance of Belavtodor both on the home market and abroad, said Yuri Masyuk, Director General of OAO Managing Company of Belavtodor Holding Company...