Business news

Lukashenko, Mirziyoyev attending Made in Uzbekistan expo in Minsk
After having talks, attending a ceremony to sign international agreements, making a joint statement for the media and planting trees in the Alley of Distinguished Guests, the two presidents headed for the exposition of Uzbekistan products...

Uzbekistan to produce 5,000 MTZ tractors, 500 Gomselmash harvesters annually
“The Industry Ministry has held a lot of meetings and has signed several agreements, including four basic cooperation agreements with MTZ, Gomselmash, Bobruiskagromash mechanical engineering company, and Minsk Motor Plant”...

Belarus wants to set up machinery production complex in Uzbekistan
“We suggest implementing an ambitious project to set up a complex to produce trucks, special-purpose vehicles, trailers, gas-powered buses in Uzbekistan. This production will have a high level of localization. MAZ is ready to join this project”...

Belarus' grain harvest over 50% complete
As of 1 August, Brest Oblast remained a leader with its harvest over 80% complete. Grodno Oblast harvested 60% of its areas, Gomel Oblast – over 53%...

BelAZ to ship underground vehicles to Uzbekistan
The batch that the Belarusian company plans to ship to Almalyk Mining and Metallurgical Plant in the near future will include underground trucks MoAZ 65010 and load-haul-dump units MoAZ 4035...

Package of cooperation agreements signed at Belarus-Uzbekistan regional forum
Some more agreements will be signed during the meeting of the two heads of state. More than 20 contracts are in the pipeline...

Turchin, Turkcell Group discuss promotion of BeST telecom operator in Belarus
Aleksandr Turchin noted that Belarus will consider all the proposals put forward by the Turkish side, however a level playing field will remain the guiding principle of all decisions taken by the government...

Belarus-Uzbekistan trade might reach $500m in 2019
“The two heads of state have set a task to grow bilateral trade. We hope that this year the trade will approximate $500 million,” Elyor Ganiyev said...

Belarus to supply $600m worth of foodstuffs to China within four years
“In order to facilitate the sale of Belarusian products on the Chinese market, Belarus is going to set up a national pavilion in the expo complex of the corporation in Shanghai and to open a restaurant of Belarusian cuisine,” Aleksandr Turchin said...

Belarus, Uzbekistan intend to deepen localization of joint ventures
“We intend to switch from SKD production to deeper localization in the industry. Negotiations are currently in place, and I think we will arrive at concrete decision tomorrow”...

Belarus-designed dairy farm to be built in Uzbekistan
“Zdravushka-Milk company from Borisov has a partner in Tashkent Region. They will together build a commercial dairy farm for 1,000 head in Uzbekistan. Plans are in place to set up a farm to the Belarusian design, a processing plant (to produce whole milk products to the Belarusian technologies), with equipment and livestock to be brought from Belarus,” Aleksei Bogdanov noted...

Central banks of Belarus, Lithuania discuss monetary policy, cooperation
The parties led by Chairman of the Board of the National Bank of Belarus Pavel Kallaur and Chairman of the Bank of Lithuania Vitas Vasiliauskas talked over social and economic development of the two countries, the monetary policy and promising areas of interaction between the central banks...

Belarus-EBRD cooperation described as strategic
The parties also reviewed the progress in the implementation of key projects of Belarus with the EBRD, including the projects to upgrade infrastructure, to attract strategic investors to domestic enterprises and state-owned banks...

Belarus to join International Organisation of Securities Commissions
The organization is headquartered in Madrid. As of May 2019, IOSCO had 225 members. IOSCO’s members regulate more than 95% of the world's securities markets...

Belarus makes gains in Global Innovation Index 2019
GII, ranking the innovation performance of 129 countries and economies around the world, has become one of the leading reference standards in assessing the efficiency of innovations in economy and making comparative analysis to promote dialogue between state and private sectors...

EIB loan portfolio in Belarus may be increased to €1bn
Currently, the total amount of EIB project portfolio in Belarus stands at €335 million. In particular, these are the projects to support small and medium business worth of €75 million which are carried out by Belarusbank and Belagroprombank...

China to recognize Belarus’ program of authorized economic operators
In line with the document, Belarus’ customs authorities will assign the highest level of credit to companies that were granted the status of high-credit enterprises by the Chinese customs service...

Iran to step up efforts to grow trade with Belarus to $1bn
According to Masoud Khansari, the most promising areas of cooperation include mechanical engineering, pharmaceutics and agriculture...

OECD assesses Belarus’ SME policy frameworks
The preliminary results of the OECD SME Policy Index: Eastern Partner Countries were discussed at a meeting of experts in Paris...

Belarus seeks to increase trade with Syria
“Syria is our main trading partner in the Middle East. Belarus is interested in restoring the level of trade we had before the armed conflict in Syria. We are confident that your visit will help further mutually beneficial trade and economic cooperation between our countries,” Sergei Rumas said...