Business news

Kazakh private sector eager to sell more food, machines to Belarus
"We can supply food products. Our mechanical engineering industry, industrial manufacturing develop well. We are going to compete in this field but I see nothing bad about it since consumers choose the best value for money in the end"...

Belarus-Kazakhstan trade projected to reach $1bn in 2019
Chairman of the Belarusian Chamber of Commerce and Industry Vladimir Ulakhovich told reporters on 5 July that Belarus-Kazakhstan relations develop very dynamically and positively...

Belarus' gold, forex reserves at $8.3bn
In June 2019, the country's gold and foreign currency reserves went up by $200.7 million (or 2.5%) following the May growth by $521.6 million (6.9%)...

Eleven companies registered with China-Belarus Great Stone park at Belt and Road Forum
According to Aleksandr Yaroshenko’s estimates, the number of resident companies will reach 85 at the bare minimum in the coming years. At least 30 companies will launch their products by the end of 2020...

Twelve Belarusian districts involved in UNDP project
The project involves the analysis of entrepreneurial capacities of districts, development of plans for small and medium enterprises, training of specialists, improving the legal framework...

Some $500m already invested in China-Belarus industrial park Great Stone construction
"Nearly $500 million from all kinds of sources has already been invested in the project. I am talking about shareholders, investors, budgets of the governments, loans, and technical aid. The park is home to 44 resident companies"...

Belarus, Chinese Sinomach eager to advance cooperation in mechanical engineering
Companies residing in the China-Belarus industrial park Great Stone enjoy a unique legal regime. Engineering and transport infrastructure has been created as well...

Armenia interested in cooperation with Belarus in agriculture
Armen Sarkissian spoke highly of the quality of Belarusian food. “Belarus has a large potential in the area of agriculture,” he said...

Plans to set up AI research institute in China-Belarus industrial park Great Stone
The institute’s Director General Aleksandr Tuzikov told media that the document specifies a number of areas of interest for the Belarusian side and the Chinese one. The areas are related to smart robot technologies, robot navigation, smart vision systems, and speech interfaces...

Fitch affirms Belarus sovereign rating at ‘B’ with stable outlook
“On 28 June Fitch Ratings affirmed Belarus' Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'B'. The Outlook is Stable,” the ministry said...

Tajikistan president visits Minsk Tractor Works
The Tajikistan head of state examined the samples of tractors and other vehicles made by MTZ Holding Company. He attached particular attention to a new tractor Belarus-5022 of the 500hp capacity which is now undergoing tests. Emomali Rahmon examined the vehicles and attachments to them very carefully...

Russian vice premier visits Belarus’ Hi-Tech Park
During the visit laser technologies for healthcare and cosmetology purposes were demonstrated as well as nano coatings for smartphones, artificial intelligence solutions for surgery, Belarus’ first cryptocurrency exchange, and a new payment system based on QR codes (Belarusian Wechat)...

Work in progress to sell Belarusian electric buses to Europe
"We gradually build up our export potential. Electric buses have already been sold to Azerbaijan. There are good chances of exporting our products to Georgia. We are now making two pre-production models of electric buses in line with European standards"...

Gucci starts using AR app of Belarus-based startup
The technology lets customers virtually “try on” the Gucci sneakers collection, courtesy of augmented reality (AR)...

Russia’s Sverdlovsk Oblast seeks closer industrial cooperation with Belarus
"The parties expressed interest in deepening industrial cooperation, first of all, between BelAZ and Sinara Group to produce haulers fitted with engines of the Ural company, deliver farming, passenger, road construction and utility vehicles to Sverdlovsk Oblast"...

Belarus invites Egypt to more active transfer of knowledge in healthcare, IT
Mikhail Myasnikoich believes that Belarus and Egypt need to step up cooperation in science and education. “We could cooperate more actively in the transfer of the Belarusian knowledge and experience in healthcare, engineering sector, IT and many other areas,” he said...

Belarus, Egypt plan to make joint products for African, Eurasian countries
"Belarus is a member of the Eurasian Economic Union. Egypt is a member of many integration associations, first of all, in Africa. We can offer a lot of things to this region. Therefore, it is essential to join efforts and make joint products for Africa and Eurasia"...

Uzbekistan eager to sell more cars, fabrics to Belarus
"A broad range of cars is made in Uzbekistan together with General Motors. We’ve done some rebranding, introduced new models, and are now ready to offer a modern lineup of vehicles, which are absolutely competitive on international markets"...

Belarus, Egypt seek to increase localization of joint ventures
"Of course, we want to be a success on the Arab market. Today Egypt, one of the most authoritative countries of the Arab world, positions itself as a gate to the markets of Africa and the Arab world"...

Belarus suggests large-scale vehicle assembly projects to Uzbekistan
"Cooperation in agribusiness, mechanical engineering, food industry, pharmaceutics, and light industry is a priority. We pay close attention to manufacturing cooperation, the establishment of joint ventures"...