Business news

Belarus to attend IMF, World Bank Group spring meetings in Washington
Belarusian delegation led by Economy Minister Dmitry Krutoi has left for Washington, D.C., the United States to take part in the Spring Meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG)...

Belarus’ export to Kazakhstan exceeds $91m in January-February
Belarus’ key export commodities during this period were milk and dairy products, tractors and truck tractors, trucks, furniture, medicines, machines and devices for harvesting and threshing crops, frozen beef, petroleum products and tires...

Two times more companies might join China-Belarus Industrial Park Great Stone
Over the past four years the China-Belarus Industrial Park Great Stone registered more than 40 resident companies. In the coming years the number of resident companies is expected to increase more than twofold at the minimum...

Swiss, French private sector encouraged to more actively invest in Belarus
The Swiss company Stadler Minsk, which produces rolling stock for railways, is a bright example of successful Western investments in the Belarusian economy. Its success also confirms the stability and reliability of the conditions Belarus offers to foreign companies...

Innovations in Belarus’ government procurement system to be presented at TIBO 2019
"The expo will also hold a presentation of the Export.by portal which is an digital showcase of Belarusian goods available for export to the international market"...

Belarus’ Geely cars generate buzz at St. Petersburg International Motor Show
"The exposition of Belarusian manufacturers stirred much interest. Geely Atlas, which is popular in Russia, traditionally attracts a lot of attention. According to the dealer, supplies of Belarusian cars to Saint Petersburg will expand year to year"...

Belarus, Vietnam consider cooperation in energy industry
The matter was discussed as Ambassador Extraordinary and Plenipotentiary of Belarus to Vietnam Vladimir Goshin visited facilities of the Hoa Binh hydroelectric dam...

EDB expects inflation in Belarus in 2020-2021 close to domestic projections
The Eurasian Development Bank expects Belarus’ GDP to gain 1.5-2% every year in the medium term in the absence of additional stimuli...

Belarus, China to recognize each other’s authorized economic operators
The document will ease a number of procedures for Belarusian authorized economic operators of type three and Chinese bona fide enterprises with high credibility...

Belarus’ exports to Indonesia, Singapore up in January-February
Belarus’ main exports to Indonesia include potash fertilizers, automotive vehicles, tires, polyamide, medical furniture and equipment...

S&P affirms Belarus at 'B/B', outlook stable
The experts welcome a better quality of gold and foreign currency reserves, export diversification in terms of product and geography, a conservative monetary policy and its synchronization with the monetary policy, which allowed stabilizing the national debt and inflation...

Belarus in talks to ship potash fertilizers via Latvian ports
"On 3 April, the Belarusian delegation held a working meeting with Kalija Parks, studied technical capabilities of the terminal for transshipment of potash fertilizers"...

Work in progress to commission first unit of Belarusian nuclear power plant
Specialists have started individual tests and tests of the primary and secondary equipment of the reactor unit, which will be used for hydraulic tests and circulation flushing...

Belarusian Railways to organize conference on Europe-China container transportation in Germany
The main topic of the conference will be container transportation from Europe to China. The event will focus on the development of multimodal services...

Belarus-Oman business cooperation council to meet in Minsk on 10 April
The event will include presentations of business climate of Belarus and Oman, B2B talks between representatives of Belarusian and Omani companies...

Belarus’ gold, forex reserves at $7.2bn
In March 2019, the country’s gold and foreign currency reserves went up by $150.5 million (or 2.1%) following the February growth by $77.5 million (1.1%)...

Vitebsk to host international economic forum in May
"Last year, this important economic event gathered more than 130 business people and government officials from 11 regions of the Russian Federation and 13 countries of the world. The forum has been rapidly growing"...

Plans to present Eurasian Economic Union digital agenda at TIBO 2019 in Belarus
According to the source, experts are expected to discuss digital transport corridors, the development of a digital ecosystem model to enable employment of citizens of the Eurasian Economic Union member states, and digital industrial manufacturing cooperation...

Belarus’ Mogilev Oblast, China’s Shaanxi Province sign cooperation agreement
The two-year agreement provides for the parties to develop trade and economic partnership, render support and information assistance to companies interested in investing and establishing import-export relations. The document also envisages a delegation exchange...

Belarusian lifts to replace old ones in Armenia
The Belarusian lift manufacturer Mogilevliftmash has reached an agreement on participation in the program on replacing old lifts in Armenia...