Business news

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...

Belarus, Italy look to exceed €1bn in mutual trade in 2020
In his words, Italian businessmen view the Belarusian market as promising. First of all, they consider it the gate to a huge Eurasian market with the total population of 200 million...

Baranovichi branch of Belarusian BelDan to export bacon to China
“In three to four weeks once we get the declaration, we will ship the first few containers of variety meats, intestines, and innards to the People’s Republic of China. We are going to ship one container per day until we reach the full capacity”...

UNDP pilot project on SMEs in Braslav District to focus on tourism
"The ideas that were voiced are still very raw and will be discussed further. For example, the idea was voiced to implement the Braslav Sport Smart City project to increase the length of the tourism season in Braslav and extend the range of leisure services"...

Belarus’ Academy of Sciences, Korean institute KISTI to cooperate in IT
"Work in the area of information technologies is a high priority for the National Academy of Sciences of Belarus. This is why the signing of the memorandum with Korean scientists will open up new prospects for our mutually beneficial cooperation"...

Belarus, Ukraine, Lithuania to launch container train between Klaipeda, Odessa
As part of the agreement a Containership train will shuttle between Lithuania and Ukraine via Belarus along the route Klaipeda / Draugyste - Kena - Slovechno - Brovary / Odessa-Port...

Belarus, China, Japan discuss Great Stone potential in Tokyo
The first business seminar-forum on Belarus’ economic potential and promotion of the Great Stone industrial park brought together representatives of the Belarusian, Chinese, and Japanese business communities in Tokyo on 28 May...

Belarus, Tajikistan want to set up joint ventures
In 2018, Belarus-Tajikistan trade approximated $40 million. “This is not much for the countries with such a potential,” Boleslav Pirshtuk said...

Belarus-France trade up 20% in January-April
"The trade has been steadily increasing. Last year we saw the growth of some 15%. The mutual trade reached almost $400 million"...

More Russian oil to raise Belarusian Naftan’s workload to full
Sergei Rumas said: “Today we’ve agreed that we will take additional measures to deliver oil to Naftan so that the oil refinery could operate at 100% of its capacity instead of 65%”...

Gomel Oblast, Uzbekistan’s Fergana Oblast sign memorandum of cooperation
"For more than 25 years Belarus and Uzbekistan have maintained tight friendship and mutually beneficial cooperation. Among other things new points of growth are emerging in Gomel Oblast’s interaction with the private sector and the government of this sunny country"...

Nine investment documents worth over $130m signed at economic forum in Gomel
Work is in progress to set up a joint venture involving the Chinese side and the Belarusian one with assistance of European companies. The new enterprise will be responsible for building and operating the railway terminal...

Lukashenko wants sanctions for investors failing to honor commitments
The president underlined that the construction and landscaping period should not exceed three years...

Belarus, Russia finalize roadmap on draining poor-quality oil from Druzhba pipeline
Deputy Prime Minister of Belarus Igor Lyashenko and Russian Deputy Prime Minister Dmitry Kozak met in Moscow today and agreed the roadmap of technical measures, which will allow replacing oil polluted with chlororganic chlorides and staying in the Belarusian part of the Druzhba pipeline with pure oil...

More Belarusian export via Estonian port Sillamae possible
“Prospects of increasing Belarusian export via the Sillamae port were discussed as well as the involvement of Estonian companies in the implementation of Belarusian-Chinese projects, including on the basis of the China-Belarus industrial park Great Stone”...

Belarus’ proposal to sell major share in agricultural machinery company to Kazakhstan still topical
According to the ambassador, during the meeting the Belarusian head of state mentioned his old proposal to the previous president of Kazakhstan to sell a package of Gomselmash shares in order to launch large-scale production of Belarusian agricultural machines in Kazakhstan...

Belarus to increase participation in Egypt national greenhouse project
The Belarusian ambassador visited the greenhouse complex and a production line for sorting and packaging vegetables of the National Company for Protected Cultivations. The company uses tractors BELARUS made by Minsk Tractor Works...

Belarus president displeased with lack of order in forestry industry
"We just carelessly treat the most magnificent gift from nature! Never mind the economic side of things. Forests occupy nearly 40% of the territory. We should use them well. They offer good raw materials. Yet even mass media report cases of forest mismanagement"...