Business news

Eurasian Rail Alliance to buy 200 rail cars from Osipovichi plant
The UTLC ERA president said that the company has concluded an agreement with Osipovichi plant to buy up to 1,000 80-feet rail cars...

31.01.2019 15:03 Belarus offers its buses to Serbia, suggests joint production of fire engines
“Our enterprises are the most flexible in their approach to issues of ensuring mutually beneficial cooperation. MTZ and MAZ use a lot of Serbian components on their production lines,” the minister said...

Belarus takes part in New York Times Travel Show 2019
The national pavilion featured detailed information about travel opportunities in Belarus, the country’s nature attractions, and historical and cultural heritage...

EU, WB launch €8.8m projects to support private sector in Belarus
The World Bank will provide advice, among other things, on mobilizing private finance for public infrastructure (public-private partnerships), World Bank Country Manager for Belarus Alex Kremer said...

S Korean business shows interest in road construction projects in Belarus
“Several companies that are part of large financial-industrial groups, have already prepared feasibility on the implementation of road upgrade and construction projects jointly with Belarusian partners,” Andrei Popkov said...

Paperless trading system may bring Belarus $10m in benefits annually
Belarus believes that cooperation with the Korean trade network KTNET, one of the South-Korean leaders in electronic administration of economic activities, is important for the development of its national paperless trading system, the ambassador said...

Belarus ready to help Armenia renew its passenger transport
“Belarus is ready to take part in the renewal of the passenger transport fleet of Armenia and also in its lift renewal program,” Vladimir Andreichenko said...

Belarus to reduce oil export duties on 1 February
The export duty on crude oil will reduce from $89 to $80.7 per 1 tonne. The duty on straight-run gasoline will drop from $48.9 to $44.3 per 1 tonne. The duty on commercial gasoline will go down from $26.7 to $24.2 per 1 tonne...

Belarus’ Babushkina Krynka to ship milk to China’s Jiangsu in February
The agreements on milk supplies were reached during the mutual visits of the governors of Jiangsu Province and Mogilev Oblast in September and November 2018...

Azerbaijan in favor of stronger ties between its technoparks, Great Stone
“Latif Gandilov suggested signing documents on cooperation between the major technoparks of Azerbaijan and the China-Belarus industrial park Great Stone,” the press service said...

Serbia ready for allround cooperation with Belarus
Belarus and Serbia have been steadily developing cooperation. There are, however, areas where cooperation can be expanded further. These are agriculture, tourism, construction, education, science and many more...

Belarus’ agricultural exports over $5bn in 2018
“Thanks to our agricultural producers, we have ensured food security of the country and strong exports which exceeded $5 billion last year,” the minister said...

BUCE explores cooperation options with Dow Jones
The parties analyzed the possibility for the Belarusian exchange to use the software program Dow Jones Factiva (which aggregates data from 32,000 sources in 28 languages) to compile analytical reviews and information briefings on stock and off-stock commodity markets...

Belarusian and Italian business associations sign memorandum of understanding
“I hope that this memorandum will help boost our business cooperation,” Belarus-Italy CCI Chairman of the Board Angelo Ilardi. According to him, the cooperation in trade and economy does not reflect the potential of Belarus-Italy relations...

Italy, Vitebsk Oblast may cooperate in waste treatment
According to Vitebsk Oblast First Vice Governor Oleg Matskevich, the issue is relevant for large settlements of Vitebsk Oblast. Therefore, the Vitebsk Oblast authorities are ready for a dialogue with investors...

Bobruiskagromash intends to expand its presence in Finland
The companies decided to step up advertising in the Finnish market and to promote new types of equipment taking into account the requirements of local farmers and the operating conditions in Northern Europe...

First Jordan company accredited at BUCE
The company plans to buy a wide range of Belarusian timber products via the exchange and ship it to Jordan and other Middle East countries...

Belarus in talks over energy projects in Egypt’s Aswan
The Belarusian diplomat met with Aswan Governor Ahmed Ibrahim Mohamed to discuss the state and prospects of Belarus’ cooperation with this region, ways to intensify contacts in trade, economy and the humanitarian field, promotion of MAZ, BelAZ, Amkodor and MTZ vehicles and machinery and increase in mutual tourist flows...

Belarus' gold reserves up by one tonne in 2018
The gold reserves comprise precious metals in the form of bank bullion bars. They are managed by the country's central bank and are part of the state fund of precious metals and precious stones of Belarus...

Belarus incurs biggest losses from barriers in EAEU
Belarus bears the greatest costs from the existing barriers in the Eurasian Economic Union, said Tatyana Valovaya, a member of the Board (Minister) for Integration and Macroeconomics of the Eurasian Economic Commission...