Business news

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...

Belarus’ Hi-Tech Park now home to over 500 companies
Among the new residents of Belarus’ Hi-Tech Park are also companies with foreign investment from Singapore, France, and the Netherlands. One of them, for example, is developing digital products for Turkcell Group...

Belarus’ energy potential hailed at EU-Eastern Partnership ministerial meeting in Bucharest
Ambassador Extraordinary and Plenipotentiary of Belarus to Romania Andrei Grinkevich took part in the event. In his speech he mentioned Belarus’ energy industry...

Belarus, Norway agree on road haulage permit quotas
"The conditions developed by the commission are most favorable for the maintenance of existing and future cargo flows by Belarusian and Norwegian transport companies in compliance with the highest environmental standards"...

Belarus might use Finland’s smart city concept solutions
On 3 April, First Deputy Economy Minister Alexander Chervyakov held a meeting with a delegation of Finnish experts who presented their expertise and knowledge of creating a smart city by the example of Tampere, Finland’s third largest city...

Trade between Gomel Oblast, Germany over 20% up in 2018
“In Minsk I will encourage representatives of the German economy, the German-Belarusian economic club to pay more attention to Gomel Oblast in the sphere of investments, trade, and economy,” the ambassador told BelTA...

MILEX 2019 to feature latest Belarusian small arms
The products on display will include pistols designed by Igor Vasilyev: semi-automatic modular pistols PSNV and PV-17 as well as a 7.62mm sniper rifle SV.01 and a 5.56mm sniper rifle SV.02...

Guarantee fund for Belarusian SMEs now operational
"We are starting the implementation of a new mechanism to provide financial support to the private sector in Belarus. We are going to create and develop a guarantee fund to offer collateral on bank loans for small enterprises"...

New BelAZ vehicles commissioned in Vietnam
The fact once again confirms the high level of trust in products of the Belarusian automobile engineering company BelAZ as well as the company’s global leadership in the 130-tonne haul trucks market segment...

BelAZ increases haul truck exports to non-CIS
In March 2019, the company shipped six 220-tonne haul trucks to Serbia, seven 110-tonne haul trucks to Mongolia (11 trucks have been shipped to the country since the start of the year). BelAZ also supplied its haul trucks to Poland and Mongolia...

Fitch affirms Eximgarant of Belarus at 'B'
The Belarusian state has established strong support for Eximgarant through its legal framework to develop a well-functioning export insurance system...

Belarus’ Development Bank opens €50m credit line to finance exports to West Africa
"Our work in the field of export financing is always aimed at creating opportunities for Belarusian enterprises to cooperate with any region of the world. Africa is a continent of great economic potential, a region that draws special attention of the world’s major exporters"...

High tech, transport, SMEs viewed as drivers of Belarus-Russia Union State
“I am strongly convinced that we should extensively focus on high technology products and everything that has to do with advanced technology. This is a global trend”...

Lukashenko wants incentives for regional workforce
"One of the primary tasks for local authorities is to set up facilities for deep processing of raw materials and getting export-oriented and import-substituting products with a high added value"...

Minsk to host Belarusian-Korean forum on science and innovations on 9-10 April
The goal of the forum is to promote bilateral cooperation in science and technology, to establish new business contacts and to identify promising areas and forms of cooperation to advance the development of innovative processes in the two countries...

Belarus, Egypt to produce grain storage silos
The memorandum of cooperation was concluded by SelEnergoprom (Belarus) and Helwan Machinery & Equipment Co. of the Ministry of Military Production of Egypt...

Belarus shows interest in cooperation with OECD
Alexander Turchin stressed that the Belarusian government is a strong supporter of private business development. Over the past two years serious steps have been made to boost private initiative, and the government hopes for further consultative assistance from the OECD...

Belarus’ exports to Pakistan on the rise
The first delivery of a BelAZ rock hauler to Pakistan was a landmark event for the bilateral relations, the embassy said...

Belarusian innovations featured at exhibition in Seoul
The Belarusian exposition featured 13 organizations of the Education Ministry, the National Academy of Sciences and private enterprises who presented 59 innovations, solutions and R&D in metal processing, new materials, x-ray equipment, medical devices, biotechnology, precision engineering...