Business news

Belarusian Amkodor eager to expand distribution network in European Union
A delegation of the Czech company Stavebni Stroje Jicin s.r.o. visited the Belarusian company the other day. The sides discussed prospects of cooperation in promoting Belarusian machines and vehicles on markets of the European Union...

Turkish investor to build Belarus’ largest wind farm
The Turkish company now has the right to build a wind farm with the total installed capacity of 25MW and the annual output of 72GW in Liozno District, Vitebsk Oblast. Guris Construction Engineering Company specializes in green energy projects...

China’s Yunnan Province eager to advance cooperation with Belarusian companies
Deputy Chairman of the Standing Committee Yang Baojian noted that the Chinese side is interested in stronger cooperation. In his opinion, it is necessary to advance cooperation not only between the governments, but also between local organizations...

Belarusian products on display in Angola
Products of 12 Belarusian companies have been put on display. They present machines and equipment for agriculture, mining industry, housing and utilities industry, medications, food, and ingredients. A number of the companies already work on the Angolan market...

Belarus’ central bank looks forward to new twinning project with European Union
"It was the first project for such interaction between Belarus’ central bank and three central banks from European Union countries – Germany, Poland, and Lithuania"...

Belarus eager to ship more freight via Latvian ports
The diplomat noted: “Belarus will commission two new potash mines in 1.5 years. We are talking about 2 million tonnes of potassium! Where will it go? We have to start working on it right now”...

Belarusian nuclear power plant electricity offered to Lithuania, Latvia
"Although we’ve done stress tests, and voluntarily at that, in tight cooperation with the IAEA and in line with standards of the European Union"...

Belarusian industrial products on display in Russian Yekaterinburg
Products made by enterprises run by the Belarusian Industry Ministry have been put on display as part of the expo. They are showcased in pavilion No.1 of the international expo center Yekaterinburg Expo and outdoors...

Belarusian BelAZ to expand presence in Indonesia
The company became a platinum sponsor of the Coaltrans Asia conference, which took place in the Indonesian city of Nusa Dua in late June. BelAZ was represented by Belazia Pte Ltd, the official dealership of the Belarusian company in Southeast Asia...

Slavkaliy to coordinate pricing policy with Belarusian Potash Company
Mikhail Gutseriyev also drew attention to the positive economic effect from commissioning a new mining and processing factory and from selling an additional volume of potash fertilizers for the country as a whole...

Financial monitoring units of Belarus, Canada to boost cooperation
The memorandum provides for the exchange of information associated with the legalization of income obtained by criminal means and financing of terrorist activities. The document entered into force from the moment of signing...

Good prospects for floating Belarusian eurobonds to earn $1bn in 2020
"We have experience of floating to the tune of $1.4 billion [in 2017]. $1 billion is not the kind of money market players can start asking questions about or have doubts about sufficient resources for honoring the commitments"...

Belarusian Finance Ministry to complete talks with China Development Bank on ¥3.5bn loan
"We initially counted on a loan from the Russian Federation. Today the matter of getting the Russian loan has been postponed a bit but as an alternative we’ve come to terms with Chinese creditors"

Belarusian Economy Ministry expects GDP growth to accelerate in Q3 2019
Speaking about the GDP growth rate dropping to 101% in January-May 2019, Dmitry Yaroshevich explained the slowdown had been caused by external factors – trade wars all over the world, slower economy growth in Russia, and deliveries of polluted Russian oil to Belarus...

Belarusian companies encouraged to tap Russian debt market
“We encourage our companies to tap the Russian market. We do not see obstacles. Today there are no restrictions,” Andrei Belkovets noted...

Belarus plans to tap Russian bond market with ruble-denominated issue in July
Belarus Finance Ministry is planning to tap the Russian market with a RUB5-10 billion issue by the end of the year, Belarus Deputy Finance Minister Andrei Belkovets said...

Belarus to sell 450,000 tonnes of potash fertilizers to Bangladesh
According to Yelena Kudryavets, it will bolster cooperation and will increase trade turnover. Belarusian potash sells well in Bangladesh. Its share on the market of Bangladesh is prevailing, she noted...

Belarus expects to earn $2m on breeding cattle export
Igor Brylo noted that Belarusian cattle is commercially successful outside the country. Major sales markets are Russia, Georgia, and Kazakhstan. The volume of exports has already reached approximately $500,000 since the beginning of the year...

IFC plans to invest $50-60m in Belarusian economy by 2019 year-end
The IFC is considering several investment projects, which are at an advanced stage of preparation. “We want to invest at least $50-60 million before the end of the year,” Olga Shcherbina informed...

First projects in bonded area of China-Belarus industrial park Great Stone expected in 2019
The bonded area is designed to greatly simplify customs procedures. The practice is borrowed from China. The industrial park administration is intent on assimilating this and other cutting-edge practices as quickly and as effectively as possible...