Business news

Belarus’ delegation studies animal cloning in S. Korea
The Belarusian delegation visited the Sooam Biotech research laboratory where they studied the work of researcher Hwang Woo-suk...

Belavia switches to summer schedule
Compared to the Summer 2018 season, the airline will fly more often to Barcelona, Riga, Sochi, Istanbul (6 times per week), Almaty, Baku and Berlin (5 times per week)...

PM: Nothing impedes Nezhinsky factory to be commissioned in time
According to him, with the launch of the Nezhinsky potash mining and processing factory, Belarus will become a more significant player on the global potash market...

Belarusian delegation studies Zhejiang’s electric transport best practices
The Belarusian delegation discussed with Chinese specialists the prospects for producing electric cars in Belarus, issues related to car assembling at the Belarusian-Chinese joint company BelGee...

Belarus, UAE to build on cooperation in tax administration
The document is expected to update the rules regulating tax affairs between the two countries and to help expand and strengthen bilateral economic relations in the interests of the two states...

British Nottingham to get first Belarusian electric bus soon
“The first right-hand drive electric bus made by Belkommunmash is just back from trials and will soon be shipped to Nottingham. Regional Director at UK Export Finance Vomic Shah is behind the wheel”...

Belarus, UAE to collaborate in developing financial market infrastructure
The memorandum of understanding is designed to improve and intensify cooperation between the two ministries and to create the groundwork for collaboration in the field of budgeting, tax administration and financial policy, and for the exchange of best practices with international finance organizations...

Grodno Oblast seeks to draw in diaspora tourists from U.S.
“The United States is home to many people whose ancestors lived in this area. We have many sites from various historical periods and locations related to various nationalities that would be of interest to foreign travelers”...

Belarus eager to sell trucks, municipal vehicles to Vietnam
The ambassador and representatives of the Ho Chi Minh city administration discussed the possible contribution of Belarusian companies to the development of the transport infrastructure of the country’s largest economic hub – the city of Ho Chi Minh...

Potential demand for Belarus’ new flotation of eurobonds
"Today there are no constraints for Belarus to enter the Eurobond market. Nevertheless, we consider this tool solely on the basis of the current cost of borrowing. Our securities are trading fairly well. There is an opportunity, potential demand for Belarus’ entry to the Eurobond market"...

Minister: Raiffeisen Bank can become one of biggest lenders for Belarusian economy
Maksim Yermolovich views cooperation in the financial sector as exemplary. He noted that Priorbank has long been operating in Belarus. Priorbank’s major shareholder is Austria’s Raiffeisen Bank...

Russian loan sufficient to finish building Belarusian nuclear power plant
The deputy energy minister reminded that the Russian loan can be as large as $10 billion and can cover 90% of the construction cost while Belarus is supposed to cover another 10%. The terms were specified when the construction of the Belarusian nuclear power plant began...

Belarus invites Latvia to cooperation in IT, biotechnology, healthcare
“We have good experience in the field of high technology, products that are competitive in world markets, and we are ready to cooperate in areas of mutual interest to our countries”...

Estonians interested in Belarus’ industrial tourism
“Estonians who come to Belarus are first of all interested in industrial tourism. We visit such plants as Neman Glassworks, Belarusian tractor maker MTZ, BelAZ. I should mention that every year more and more Estonians visit Belarus”...

Second runway at Minsk Airport to double passenger traffic
“In the last three or four years, the passenger traffic of the airport has risen by actually 2.8 times and is close to five million passengers a year. Such dynamics allows me to believe that we should aim for ten million passengers a year”...

Lithuanian proposal to repurpose Belarusian nuclear power plant ‘ill-advised’
"From the technical point of view it cannot be implemented because we would have to redo virtually everything, destroy what has been done, and reject the equipment that has been delivered"...

Belarus’ Gomel Oblast, India to cooperate in pharmaceuticals, food industry
The parties also discussed the possibility of allocating unused property in Gomel Oblast to Indian companies, including for coproduction with the third-country market in mind...

Potential in place for Belarus to double electricity export
"It can be even higher than that under certain conditions. The potential will grow even larger once the nuclear power plant is commissioned"...

Transport Ministry, EBRD team up to reconstruct 11 bridges in Belarus
“We intend to reconstruct existing bridges. It is a comprehensive project we intend to implement together with the European Bank for Reconstruction and Development,” the official said...

UK retailer shows interest in cooperation with Belarusian producers
Kingfisher plc is a big European DIY retailer with about 1,300 stores across Europe. More than 30 Belarusian companies have showed interest in establishing cooperation with the foreign trading network...