Business news

Belarus in talks over direct flights from America, India to Minsk
When the second runway became operational, Minsk National Airport got an opportunity to handle all types of aircraft. Therefore, now Minsk can receive nonstop flights from long-haul destinations...

FM: Belarus, EU want to remove remaining trade barriers
"The European Union has become our second biggest trading partner. We are an open economy and depend on the situation on external markets; therefore it is very important for us to maintain good trade and economic relations with the European Union"...

Belarus interested in Swedish expertise in renewable energy
The parties discussed partnerships in environmental protection and climate change mitigation, as well as the need to intensify cooperation taking into account that both countries are located in the Baltic Sea region...

Belarus prime minister, Rosatom head discuss nuclear power plant construction
The current state of affairs at the construction site was discussed as well as the remaining amount of work to build the nuclear power plant...

Belarus suggests establishing Eastern Partnership bank
Vladimir Makei suggested implementing big infrastructure projects as part of the action plan to invest in trans-European transportation network. He also called for easing trade with the European Union, including for non-associated partner states...

Belavia to launch Minsk-Munich air service on 15 July
The new flight will be operated four times a week. It will depart from Minsk at 12:30 on Mondays, Thursdays, Fridays, and Sundays, arriving at Munich Franz Josef Strauss Airport at 13:35...

UPDATE 1 - Belarus plans to supply vegetables, fruit, flour, honey to China
“We are currently working on the certification to start delivering vegetables, fruit, flour, honey and dairy feed for cattle to the Chinese market. We are also in talks to add two companies to the list of meat packing plants authorized to export beef to China”...

Belarusian Belkommunmash sells four trams to Kazakhstan
The four Belarusian trams were delivered as part of the project designed to renew the rolling stock of Pavlodar’s tram depot using loans from the European Bank for Reconstruction and Development (EBRD)...

Belarus in favor of curbing veto right in EAEU
The official mentioned Belarus’ proposals concerning the removal of barriers and restrictions in mutual trade. He mentioned the right to veto, which Eurasian Economic Union member states have used seven times over the course of five years since the union was established...

Nuclear power plant to become part of Belarusian electric company Belenergo
The enterprise RUP Belarusian Nuclear Power Plant will become part of the state industrial group Belenergo. Belarus President Aleksandr Lukashenko signed the relevant decree on 11 May...

Belarus recycling industry urged to do better
“Enough of plastic. Not only do we poison people. We also damage the environment. Belarus will soon turn into a dump site. This has to stop,” Aleksandr Lukashenko said...

Belarus to announce amount of damage from tainted oil supplies after audits
“I cannot talk about the exact amount today. It will finally be known once we take stock of what happened at the Polotsk oil refinery. We are calculating the damages now,” Aleksandr Lukashenko said...

Belarus, WB discuss possible financing for higher education project
Dmitry Krutoi and Cyril Muller also discussed the preparation of two new investment projects, the loan agreements for which are to be signed this year...

Additional agreement with China’s Exim Bank on Great Stone infrastructure loan approved
The resolution approved the draft additional agreement between the Belarusian government and the Exim Bank of China as a basis to hold talks...

Belarus interested in raising EBRD’s annual investments up to €500m
Apart from that, the meeting touched upon the signing of loan agreements concerning the water supply industry, in particular, the construction of water deferrization stations in Vitebsk Oblast (a project worth €15 million) and the third stage of the water industry program...

Belarus’ Development Bank confirms floating eurobonds in Belarusian rubles
The bank will float Br210 million worth of eurobonds with the maturity period of three years and the coupon rate of 12% per annum at 100% of the face value via the global market of the Irish Stock Exchange...

South Korea presents experience of organizing digital economy transformation in Minsk
Proposals and recommendations were made on launching the digital transformation of the processing industry (mechanical engineering, petrochemical industry, and pharmaceutics)...

Belarusian Currency and Stock Exchange, Shanghai Stock Exchange sign memorandum of understanding
The memorandum provides for the exchange of information about markets and exchange products in Belarus and China, joint activities, research projects, internships and search for other opportunities for cooperation...

Belarus’ gold, forex reserves at $7.6bn
In April 2019, the country’s gold and foreign currency reserves went up by $322.7 million (or 4.5%) following the March growth by $150.5 million (2.1%)...

Chinese private sector eager to advance cooperation with Belarus in various spheres
Mikhail Myasnikovich stressed that Belarus treasures good relations with China. The year 2016 was a special milestone in their history when the two heads of state signed a joint declaration on establishing trustful comprehensive all-round strategic partnership and mutually beneficial cooperation...