Business news

Belarusian linen companies eye Austrian market
“Both Austria and Belarus treat flax as part of economic and cultural legacy from past generations. As we are working towards sustainable development, switching to natural products, healthy lifestyle, and development of cultural traditions, the image of flax in Austria has gained new significance”...

Economy Ministry, IFC to cooperate to up Belarus’ Doing Business ranking
As a result of the meeting the sides signed an agreement on cooperation between the Economy Ministry and the International Finance Corporation...

WB projects Belarus’ moderate economic growth in 2019-2021
The WB experts say that the country’s economic growth will largely depend on external factors, including trade conditions and Russia’s “tax maneuver”...

Belarus’ IT experience seen as important for cooperation in intellectual property protection
He also listed the main modern trends based on information technologies: robotics, blockchain, artificial intelligence. “Here, Belarus is in a very good position worldwide,” the head of WIPO said...

Great Stone to host regional cooperation forum in Belarus, to draw about 500 participants
“The forum will be held in the China-Belarus industrial park Great Stone on 2 July. The main theme is “Open park Great Stone - an example of global opportunities”...

Belarusian MTZ eager to assemble tractors in South Africa, Angola
“South Africa is a high-competition market for us. We intend to set up an assembly enterprise over there. We are working on matters of finance and sales and intend to start implementing the project this year. We intend to implement a similar project in Angola”...

Belarusian Gomselmash eager to master markets of Africa, Latin America
There are several projects on the African market, in particular, in Zimbabwe. As far as Latin America is concerned, we continue working in Argentina. We’ve taken part in an expo in Brazil. We’ve sold the first few harvesters in Peru...

Belarusian agricultural producers urged to explore new markets
He named China, Near East and Africa as promising markets for Belarus. “Access to the EU has been gradually opening for Belarusian companies as well,” Aleksandr Subbotin said...

Belarus intent on dealing with food export problems ahead of import restrictions
"The temporary restrictions introduced by [the Federal Service for Veterinary and Phytosanitary Surveillance of Russia] Rosselkhoznadzor are not systemic. They are unable to affect the development of the country’s agricultural potential"...

China seen as priority trading partner for EaP
“Dialogue with China is a promising geopolitical track. This country is the priority trading and investment partner for all the EaP member states. In the coming years the Great Silk Road project will align with the EU transport network TEN-T”...

Belarus sees EU-EAEU dialogue as important part of EaP development
In his opinion, the presence of competitive trade regimes – directly or indirectly – forces countries to choose one of them. “Bloc-based attitudes in economy lead to bloc-based attitudes in politics,” he noted...

Italy to share SMEs promotion expertise with Belarus
Italy would like to share its expertise and knowledge in promoting small and medium-sized enterprises with Belarus, Ambassador Extraordinary and Plenipotentiary of Italy to Belarus Mario Giorgio Stefano Baldi said on 3 June at an event to celebrate the Italian National Day - Republic Day...

Belarus invites Singapore to invest in Hi-Tech Park companies
In particular, the first deputy prime minister stressed that Belarus is one of the recognized, rapidly growing leaders in Eastern Europe in the area of high technologies. A special preferential regime has been enabled in the Hi-Tech Park by the relevant decree of the head of state...

Belarus’ construction industry promoting its services in Hungarian market
The Belarusian delegation will participate in a business forum on 4 June to establish new contacts with real estate business, construction and building materials sectors of Hungary...

Belarus in favor of getting rid of exemptions in EAEU
“The Eurasian Economic Commission is a supranational body, which is supposed to deal with these matters within the framework of the five member states. Since the body unites all the five member states, the principles should be as universal as possible”...

Belarus, UNDP discuss project to explore electric transport prospects in Belarus
Experts will evaluate how the EV charging infrastructure influences the number of electric vehicles in cities. The ministry looks forward to receiving the first results in 1-1.5 years...

Belarus-Turkmenistan economic cooperation discussed in Ashgabat
The parties also discussed ways to boost mutual trade. "We have discussed bilateral cooperation issues and can say that Belarus-Turkmenistan cooperation is developing dynamically. However, there is still room for further development"...

EU to support Belarus’ efforts in raising investment, enhancing competitiveness
“The parties discussed international technical assistance and agreed that the European Union will provide support for Belarus’ efforts to promote sustainable development in the regions, including in partnership with OECD, enhance the country’s competitiveness and raise European investment in the Belarusian economy"...

Belavia launches Minsk-Tallinn flights on 30 May
"These flights will be operated four times a week. Belavia will depart from Minsk at 8.50 Mondays and Thursdays and at 15.50 Tuesdays and Saturdays"...

Belarusian Finance Ministry discussing new borrowing tools with Chinese banks
Apart from that, Belarusian diplomats continued a series of events to present in China and Japan the opportunities and exclusive business conditions available to resident companies in the China-Belarus industrial park Great Stone...