Business news

First container train full of Belarusian woodworking products off to Romania
The train comprises 124 increased-capacity containers on 31 special well cars. The train is expected to reach the terminal station Vikshani in Romania within 39 hours...

Belarus looking into South Korean experience of digital transformation of industrial sector
Members of the delegation looked into key aspects of organization of digital transformation of the industrial sector in South Korea as part of the program, which has enabled the sharing of the best practices with a view to possibly adopting them in Belarus...

Belarus eager to finish WTO entry talks within one year
"We have yet to sign protocols with six other countries. I think this work will be finished within one year"...

Belarusian Universal Commodity Exchange accredits first broker in Germany
Thus, the network of BUCE-accredited non-resident brokers now covers eight countries: Germany, Kazakhstan, Latvia, Lithuania, Poland, Russia, Turkey, and Uzbekistan...

Lukashenko: WTO accession should not be goal in itself
“Don’t join the WTO for the sake of accession. I will not sign any document on Belarus’ accession to the WTO unless I have clear evidence that this will bring tangible benefits”...

EBRD to provide $11.3m loan to build two biogas plants in Belarus
The project will promote FDI in the Belarusian energy sector. It will help reduce carbon dioxide emissions and address the agricultural waste problem, the EBRD said...

Belgospishcheprom to increase exports to Canada
In particular, the parties talked over the possibilities to increase the supplies of the confectionary products of companies to the Canadian market and considered possible exports of alcoholic beverages...

Belarusian petrochemical companies sign lucrative contracts at Istanbul Yarn Fair 2019
SvetlogorskKhimvolokno demonstrated heat-resistant filament yarn Arselon. The innovative filament yarn does not burn, does not melt, repels water, and boasts outstanding strength and electric resistance...

Belarus tourism inflow up by 30% in 2018
Belarus' most valuable tourism source market was Russia (57%). Others included Lithuania, Poland, Latvia, Ukraine, Germany, China, Spain, Estonia, the United Kingdom of Great Britain and Northern Ireland, and Israel...

Belarusian Transport Ministry, EBRD to continue cooperation to reconstruct motorways, bridges
The ministry’s press service noted that the sides are mutually interested in developing the transport infrastructure and the relevant legislation in the Republic of Belarus...

Plans to hold Belarus national investment session in London in 2021
"Another initiative is to hold the annual meeting of the EBRD Board of Governors in Minsk in 2022"...

Chakrabarti confirms EBRD’s plans to acquire stake in Belinvestbank
“This process will rely on commercial basis to make it more attractive for foreign investors. This will allow reducing interest rates when Belinvestbank goes international. In my opinion, this process will certainly be successful”...

Belarus’ Hi-Tech Park export up 38% to $1.4bn in 2018
According to forecasts of international auditors, the HTP was to approach this target only by 2020...

Lukashenko: No obstacles towards privatization in Belarus
According to Alexander Lukashenko, he is not ready to throw the agriculture, which has not recovered fully, into hot water by transferring it into private ownership and stripping it of subsidies. The president cited Agrokombinat Snov as an example of a successful company...

Accomplishments of Belarusian agriculture praised
"I’ve been heavily criticized for reviving the countryside but today it is an internationally recognized project. Our sales are as large as $5.5 billion"...

Impact of Russia’s tax maneuver on Belarusian economy seen as exaggerated
The president recalled that the tax maneuver in the oil industry in Russia will cost Belarus about $400 million this year. “With the GDP at more than $50 billion I think we will survive it somehow”...

Belarus president concerned about Russia’s unwillingness to negotiate long-term gas price
The president stressed that Belarus does not need cheap natural gas. “Our BelAZ, MAZ, MTZ, our people should have conditions on par with the conditions Russians enjoy. It is an unavoidable axiom. It is what all unions are all about,” the head of state pointed out...

Lukashenko: EAEU gets increasingly politicized
“Even if we put forward a sensible proposal to resolve one or another issue, we end up rendering a decision meaningless. Each country tries to make the free movement of goods, capital and people impossible and to bypass it, although this is the nuts and bolts of this union”...

Capital amnesty under consideration in Belarus
“We should consult with the private sector. We don’t want it to be a blank shot. If business circles convince me that it has to be done and will produce the desired effect, we will go for it”...

China-Belarus industrial park Great Stone to host Belt and Road forum in July
"Countries, which are partners within the framework of the Belt and Road initiative, as well as the countries we see as fit to host potential resident companies will be invited to participate in the forum"...