Business news

Minsk National Airport passenger traffic up by 15% in January 2019
In January 2019 Minsk National Airport handled a total of 319,833 passengers...

Belarus to take part in Meble Polska 2019 furniture fair in Poland
In terms of furniture deliveries Belarus is 13th largest partner of Poland. In January-September 2018 the export of Belarusian furniture to Poland amounted to $12 million, which was up 14% as against the same period a year earlier...

World Bank positive about cooperation with Belarus in forestry industry
Kseniya Lvovsky, World Bank Practice Manager for Environmental and Natural Resources in Europe and Central Asia, said: “We are now preparing a global report on forestry industry and would like to note that Belarus can be represented in it as one of the world’s best practices”...

Belarus eager to cooperate with Zimbabwe in agriculture, extraction of natural resources
The statement was made by Head of the Belarus President Property Management Directorate Viktor Sheiman after meeting with representatives of Belarusian companies and organizations on 8 February to discuss the advancement of business cooperation with Zimbabwe...

Belarus interested in stronger Italian presence in free economic zones, Great Stone park
The day before the Belarusian head of government met with Deputy Chairman of the Council of Ministers of Italy, Minister of Economic Development, Labor and Social Policy Luigi Di Maio. It was the first meeting at the level of top Belarusian and Italian government officials in the last ten years...

Belarus’ gold, forex reserves at $7bn
According to the country’s main monetary guidelines for 2019, the volume of international reserve assets is expected to make up at least $7.1 billion on 1 January 2020...

Software named Belarus’ main export to USA
The Digital Economy Development Ordinance was adopted in December 2017. The diplomat reminded that the ordinance had been presented at a similar forum one year before. “Now we have an excellent opportunity to recount the first results achieved in one year after the document came into effect”...

Belarus’ central bank expects H1 2019 inflation on par with last year’s
“Inflation in the first half of the year is expected to exceed this year’s inflation target. Because the negative pressure on the part of the already existing temporary factors will not go away in the blink of an eye. Although their influence will fade away gradually”...

Belarus named Russia's fourth largest trading partner in 2018
According to the Russian Federal Customs Service, the Belarusian-Russian trade totaled $35,686.2 billion in 2018, which was up 10.8% as against 2017...

First export train with Belarusian goods to leave Orsha for China on 11 February
According to Alexander Zaitsev, it is the first export train Bremino Group is preparing to dispatch in association with the Chinese company Cosco Shipping. The train will deliver 41 containers to China, they are being assembled now...

Belarusian Amkodor to ship $2.5m worth of vehicles to Egypt
“Egypt is an attractive market for Amkodor because of its high capacity. We will also be able to promote Amkodor vehicles to North Africa via this market,” the article reads...

Concern over ineffective use of idle state properties in Belarus
The work to make unused properties part of economic turnover is done in line with presidential decree No.294. The Council of Ministers’ Presidium authorizes a list of such properties every year...

Subsidies for cement producers discussed in Belarus
"The investment projects were launched at a time when cement prices dropped dramatically. Today, the companies are able to support their current operations, at the very least"...

Improvements in business climate in focus of Belarus government meeting
We expect the documents aimed at improving the business climate and increasing the investment attractiveness of Belarus to be adopted soon, Belarus First Deputy Prime Minister Alexander Turchin told the media following the government meeting chaired by the Belarusian president...

Number of visa-free visitors to Grodno District up three times in January
From 1 January to 3 February 2019, over 6,800 foreigners took advantage of visiting Grodno and Grodno District visa free. Just to compare: about 2,400 visa-free tourists visited the region during the same period in 2018...

Belarus’ export up by 15.3% to $33.7bn in 2018
“According to the statistics, the Belarusian merchandise export amounted to $33.7 billion in 2018, which was up 15.3% over 2017 or $4.5 billion. This increase was achieved thanks to products of mechanical engineering and other goods with high added value”...

Belarus plans to set up sales and maintenance centers in Egypt
The Belarusian ambassador met with Luxor Governor Mostafa Alham to discuss the status and prospects of cooperation between Belarus and Luxor Governorate of Egypt...

Belarus, Sri Lanka agree to bolster ties in trade, economy
During the meeting, the Belarusian ambassador and the president of Sri Lanka noted the need to intensify bilateral relations in the political, trade, economic, humanitarian and other areas...

Belarus-Lithuania trade at almost $1.4bn in 2018
"Lithuania is one of the main economic partners of Belarus, ranking eighth in Belarus' trade and seventh in the country's exports. The mutual trade in goods between Belarus and Lithuania reached $1.39 billion. According to him, this is 32.2% up from 2017"...

Belarus, Pakistan mull over joint pharmaceutical cluster
“The cluster can be set up either in Belarus or in Pakistan. Pakistan produces affordable medicines of high-quality,” the diplomat said...