Business news

Georgia House to open in Minsk in August
“Georgia House will be a store with some exhibition space where customers will be able to get acquainted with goods from Georgia, sample and buy them,” Valeri Kvaratskhelia said...

Russian foundation Skolkovo thinks highly of potential of Belarusian startups
Kirill Kayem noted that Skolkovo thinks very highly of the scientific potential of Belarusian startups. “We’ve already hosted an offsite contest of projects – a startup tour – in Belarus twice. We intend to do it again,” he said...

Belarusian ambassador visits MTZ tractor assembly facility in Ukraine
The ambassador attended a presentation of the passenger vehicles made by OAO Minsk Automobile Plant (MAZ trademark) and a ceremony to hand over 23 new MAZ passenger buses to the municipal company Nikolaevpastran...

Lukashenko approves National Bank 2018 report
In line with the 2018 report, the National Bank achieved the main objective of the monetary policy, which is to curb inflation measured by the consumer price index...

Belarus' GDP projected to expand by 1.8% in H1 2019
“The GDP increased by 1.4% in January-April. This is in line with the projections of the government. The economy adds every month. We are set to have the GDP growth at 1.8% in H1,” Sergei Rumas noted...

Belarus needs another month for final calculation of damage caused by polluted Russian oil
In his words, the situation around supplies of the so-called dirty, substandard oil will be one of the things they would like to discuss during the meeting of Prime Minister of Belarus Sergei Rumas and Prime Minister of Russia Dmitry Medvedev next Friday...

Belorusneft nearly doubles oil extraction in Ecuador
The daily output has increased by over 200 tonnes since the beginning of the year. “Thanks to the four oil wells drilled in 2019 we’ve managed to nearly double oil extraction”...

Belarus ready to implement major construction projects in Russia’s Lipetsk Oblast
"Belarusian construction companies are ready to take manufacturing cooperation in the area of housing and social construction to a brand new level by leveraging the experience Belarusian companies accumulated while working in Kaluga Oblast, Kursk Oblast, and Smolensk Oblast"...

Belarus’ export potential on display at business cooperation forum in Tianjin
The administration of the China-Belarus industrial park, the Industrial Park Development Company and food companies of Mogilev Oblast showcased their export capacities...

Memorandum signed to sell Belarusian potash fertilizers to China in containers
The document provides for shipping over 0.5 million tonnes of potash fertilizers in containers to China in 2019-2023. "It is a considerable figure for this type of shipments"...

Belarus ready to resume oil transit after confirmations from Ukraine, Poland
The source said: “The Belarusian side is ready to resume oil transit. We look forward to [readiness] confirmations from the Ukrainian side and the Polish one”...

Belarus starts fulfilling draft roadmap to resolve Russian oil delivery problem
“Taking into consideration the importance of this document and the need to strictly fulfill it, I suggested approving the roadmap at the level of vice premiers of our states. Belarus has already finalized the draft roadmap and forwarded it to Dmitry Kozak for signing”...

Belgospishcheprom, Azerbaijan Industrial Corporation sign protocol of cooperation
Under the protocol, the parties will arrange shipments of tobacco products between the Azertabak agro-industrial complex and the Grodno tobacco factory Neman (part of Belgospishcheprom), organize bilateral meetings and exchange share best industry practices...

Dutch companies keen to cooperate with Belarusian regions in agriculture
“Dutch companies are interested in developing ties in agriculture with the regions of Belarus. So much so that we already have positive experience of interaction in the production of high-tech equipment for agriculture”...

Belarus takes part in Caspian Agro Baku 2019
The exhibition in Baku has welcomed over 200 companies from 20 states. Belarus is represented by 25 companies showcasing farming machinery, equipment and technology, food products, confectionery and beverages...

Five cooperation agreements signed during Vitebsk economic forum
With a view to bolstering mutually beneficial cooperation the Vitebsk Oblast administration and the government of Russia’s Saratov Oblast signed a roadmap on trade, economic, cultural, and humanitarian cooperation in 2019-2021...

Belarus’ Customs gets technical aid from China
"Having the right tools to do the job is important. Thanks to cooperation with the People’s Republic of China the inventory of customs control means of the Belarusian customs service has been expanded with 49 modern devices today"...

Delegations from 22 countries attend economic forum in Vitebsk
Interesting projects for cooperation presented at the forum include the proposal on joint work from the country’s first pharmaceutical cluster, the offer to set up an industrial laboratory for the application of additive technologies in the light industry from Vitebsk State Technological University...

Belarusian MAZ eager to expand network of overseas service centers, representative offices
Valery Ivankovich’s appointment as the new head of the company was authorized by Belarus President Aleksandr Lukashenko earlier on 16 May. Valery Ivankovich underlined that MAZ is one of the leading brands in Belarus and the entire world...

Lukashenko demands to increase cement export
“We need to look for sales markets for our cement. We have enough cement. Cement manufacturers used to ask to double production and modernize production facilities. We need to step up efforts in this field, pay off loans,” the president stressed...