Business news

Belarusian Railways, Rail Cargo Austria sign memorandum of understanding
Belarusian Railways is interested in further enhancement of the already established business ties and in establishing new partnerships with top logistics companies, which help organize railway and multimodal container transportation within the framework of the strategic economic initiative Belt and Road...

Trade unions of Belarus, China to promote stronger ties between countries
"The Belt and Road international cooperation initiative is aimed at the elaboration of new mechanisms of regional economic partnership, strengthening of cultural exchanges and ties between all the participants of the project"...

Lost earnings from selling Belarusian oil products estimated at $100m
In his words, both Belarusian oil refineries – OAO Naftan and Mozyr Oil Refinery – are now operating at roughly 50% of the workload they had before the quality of Russian oil went through the floor...

Belarusian-Chinese agreement on transportation by road signed
The agreement was signed with a view to advancing and facilitating cooperation as well as foreign trade relations in the sphere of international transportation by road between Belarus and China...

Another three Belarusian dairy companies granted access to Chinese market
Products made by OAO Molochnyye Gorki (milk hills), Bobruiskmoloko, and the Nesvizh-based baby food factory can be exported to China now...

Belarusian scientists come up with three electric vehicle models
"We’ve developed a small truck, an electric car based on a Geely model, and a minivan, which has met a strong interest. We are testing them now. We will manufacture an entire lineup of these electric vehicles by the end of the year"...

Kuwait Fund for Arab Economic Development may finance cancer center project in Grodno
“Grodno Oblast is the only region in the country that has no cancer center of its own. Locals have to go to Minsk or other regions to seek qualified help,” Vladimir Kravtsov said...

Belarusian Railways, Exim Bank of China sign €65.7m loan agreement
The funds will be allocated to finance the project “Electrification of Gomel-Zhlobin-Osipovichi and Zhlobin-Kalinkovichi Parts. 3rd Stage. Zhlobin-Kalinkovichi Part”...

Belarus sees possibilities for considerable increase of food exports to China
"I can see that we are important for this market today. Our products have been tested and hailed. We may negotiate a considerable increase in the supplies of our products. Over the past two months we have exported $3.5 million worth of dairy products"...

Belarus’ industrial, investment potential presented in Hungary
A presentation of Belarus’ industrial and investment potential and opportunities for cooperation with Vitebsk Oblast, the free economic zones Grodnoinvest and Brest, the China-Belarus industrial park Great Stone, the Belarusian steel mill BMZ took place on the sidelines of the forum...

Belarusian Trade Ministry, International Finance Corporation sign cooperation agreement
Apart from that, the agreement approves an action plan, which provides for preparing data and calculating Belarus’ competition status index in key industries. The document also provides for putting efforts into improving antimonopoly legislation taking into account international experience...

Belarus, China sign agreement to bolster safety of delivery chains
A discussion took place and decisions were made on a broad range of topical matters concerning customs cooperation...

Belarus’ committee for standardization, China’s market regulator sign memorandum of understanding
"Belarus’ State Committee for Standardization and the State Administration for Market Regulation of China signed a memorandum of understanding to create the necessary conditions for bolstering the ties"...

Chinese experience to help Belarus develop digital transport corridors
"We are in the center of Europe. Everyone is interested in the Chinese market now, in transit, in accelerating these processes and removing as many barriers as possible. It becomes feasible within the framework of digital transformation"...

Belarus steps up cooperation with Finland’s major power equipment producer
The parties discussed participation of the Finnish company in the current energy projects in Belarus and agreed to develop new proposals to promote ties between Belarus and Wartsila Finland Oy in energy sector...

Belarus aims to increase export to China tenfold by 2025
"We have set an ambitious goal in terms of export of goods to China: $1.5 billion by 2020. These plans have been voiced repeatedly. We seek to hit the mark of $5 billion in the long-term, somewhere by 2025"...

Belarus to educate Chinese medics, China to help make medical equipment
In particular, the Belarusian State Medical University and the international education alliance East & West International Education signed an agreement on inviting Chinese citizens to study in Belarus...

Belarus PM presents government quality excellence awards 2018
“The government quality excellence award is the highest national award which is presented to the companies for significant results in improving the quality of products and services, promoting modern management methods and innovative technologies”...

China to provide €100m loan to Belarus
An agreement on the €100 million loan for ASB Belarusbank to boost the national economy was signed in Beijing on 24 April...

Belarusian brands featured at Zimbabwe International Trade Fair
The Belarusian exhibition features BelAZ producer of rock haulers, Minsk Tractor Works, Sohra maintenance company, Chefi producer of first-aid kits and medical products, and also the information stand about the economic potential of Belarus...