Business news

12 Dec 2019

Diplomats get closer look at Belarus’ capabilities in IT industry
Asked whether he had managed to surprise the diplomats, Vladimir Makei responded: “Many approached me and said it was a very interesting place, an interesting policy of the company. The most important thing for us is to allow diplomats to learn more about Belarus through participation in these events, through visits to enterprises and companies”...

6 Dec 2019

Belarus’ gold, forex reserves approach $9.2bn
In November 2019, the country’s gold and foreign currency reserves contracted by $34.9 million (or 0.4%) following the growth in October by $362.9 million (4.1%)...

5 Dec 2019

Germany supports Belarus’ efforts to join WTO
Michael Siebert said: “We would like to support Belarus’ accession to the World Trade Organization.” The diplomat noted that Belarus plays an important role as a link between the East and the West. In his opinion, the Belarusian foreign policy has great prospects in this regard

5 Dec 2019

Belarus president talks about four pillars of economic development
Economic development of Belarus will rely on efforts to raise investments, business initiative, foreign trade, and changes in the demographic situation...

3 Dec 2019

Belarusian companies sign contracts worth $120m in Belgrade
The official said: “The total sum of the contracts that have been signed is roughly $120 million. We are talking about the export of Belarusian products. It is quite a good result because, unfortunately, our trade turnover is rather modest”...

3 Dec 2019

EBRD invited to join Minsk-Great Stone rail link project
“We are at the beginning of very important work for us. It is an ambitious investment project to build a high-speed rail link between Minsk and the Great Stone Industrial Park. We are also discussing this project with other financial institutions, searching for the best deals. We would like to invite the EBRD to take part in the project, too,” Sergei Rumas said...

3 Dec 2019

EBRD investment in Belarus can reach €400m in 2019
The investment of the European Bank for Reconstruction and Development (EBRD) in Belarus’ projects can reach record high €400 million in 2019, Belarus’ Prime Minister Sergei Rumas said as he met with EBRD First Vice President Jurgen Rigterink...

2 Dec 2019

Belarus presents business opportunities at Going Global Live expo in London
The agency presented business environment in Belarus, preferences for businesses, the most promising investment projects in manufacturing, agriculture, and tourism...

2 Dec 2019

Belarus’ companies to sign $100m worth of deals in Belgrade
The Belarus-Serbia business forum will take place in Belgrade on 3 December on the sidelines of the visit of the Belarusian president to Serbia. Business people will discuss cooperation prospects in manufacturing, agriculture, petrochemical industry...

28 Nov 2019

Losses of Belarusian oil refineries due to tax maneuver estimated to reach $5.8bn by 2025
Andrei Bunakov said: “With the annual amount of processed oil at 18 million tonnes and the global price for oil at $60 per barrel, losses of the two refineries are close to $320 million in 2019 alone”...

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