Business news

Belarus’ food exports up by 4.9% in January-November 2018
“In January-November in 2018 Belarus exported agricultural products worth $4.762 billion, which was up by 4.9% ($224 million) year-on-year. Deliveries of meat and dairy products grew in physical terms in 2018"...

Oil extraction in Belarus hits record high in 2018
As much as 94,400 tonnes of oil was extracted from new wells. It is the best result in the last 23 years. The largest drilling program was completed last year. The largest number of hydrofracturing operations was carried out. The list can go on and on...

Belarus’ gold, forex reserves at $7.16bn
In December 2018, the country’s gold and foreign currency reserves shrank by $282.3 million (or 3.8%) following the November growth by $332.3 million (or 4.7%)...

New company registered in China-Belarus industrial park Great Stone
OOO Wiseasy International Bel (China) is the new resident. It has been founded by Wiseasy Company, a leading vendor of business analysis hardware in China. Wiseasy products are exported to over 60 countries across the globe...

Belarus to advertise its tourism importunities in New York, Beijing, Dubai
In January, the country’s tourism potential will be presented at Fitur in Madrid and New York Times Travel Show in New York. Belarusian travel companies will be featured in the Tourest exhibition in Tallinn in February, ITB in Berlin and MITT in Moscow in March...

FM: Belarus ready to offer preferences to Japanese business
We all know how far Japan has advanced in car making, production of household appliances and in high technology. Therefore, we would like to ramp up our cooperation...

Belarus reduces export duties on oil, petroleum products on 1 January
On 1 January 2019 Belarus reduced export duties on oil and petroleum products that are exported outside the customs territory of the Eurasian Economic Union...

Investors from USA interested in capabilities of IT industry in Brest
Representatives of the private sector from the State of Nevada, USA intend to visit Brest in February...

Belarusian scientists develop DNA vaccine against neuroblastoma
"We have determined specific features of cancer cells and the markers that help a body to identify a diseased cell. The vaccine delivers these markers into a body in a form of a DNA in order to teach the immune system to identify and kill cancer cells"...

Krutoi appointed Belarus' manager in AIIB
Finance Minister Maksim Yermolovich has been appointed deputy manager...

Belarus, South Africa working on tractor assembly project
The diplomat said that a project is in development to start assembling Belarusian tractors in South Africa. Mozambique shows interest in similar projects, too...

Belarusbank gets €151m syndicated loan
Belarusbank Deputy Chairman of the Board Alexander Polivko noted that the bank debuted on the international syndicated loans market in 2006. The latest deal once again shows the high level of trust of investors in Belarusbank...

Belarusian store to open in Azerbaijan’s Nakhchivan
The network of Belarusian stores is expanding, Gennady Akhramovich said. There are six stores in Baku. More stores are to open in Nakhichevan, Ganja and Mingachevir soon...

Belarusian investors to build pharmaceutical factory in Azerbaijan
According to the ambassador, the factory will make the most modern high-tech medicines. “First of all, the matter is about the production of anti-cancer drugs,” he noted...

Belavia announces new flight deals
Thus, on 27 December, the list of air deals expanded with flights to Astana, Almaty, Prague and Saint Petersburg. A one-way ticket will cost €10 plus taxes and charges. A return ticket will be €20 plus taxes and charges...

Belarus-Russia research projects in space, stem cells to be launched in 2019
The Union State MPs held “a government hour” to review progress in establishing and operating the common sci-tech space in the territory of the Union State...

Investments in China-Belarus industrial park estimated at $180m in 2018
It is projected that by 2020 the China-Belarus industrial park will have more than 100 resident companies with the investment capacity of not less than $2 billion, the output of not less than $1 billion and 6,500 new high-performance jobs...

Another two companies get registered at Great Stone park in Belarus
Thus, the total number of resident companies grew to 41, including 24 companies from China...

Belarus, Vietnam show interest in new joint ventures
Dmitry Krutoi and Pham Hai discussed issues of trade, economic and investment cooperation between the two countries, the need to implement the potential for boosting mutual trade and investment...

Business viewed as instrumental in promoting employment in Minsk
"Industrial enterprises in Minsk will be assimilating robotics technologies in the near future. The main task is that people have jobs, and we need to think about it today. Small and medium-sized businesses can prove instrumental in promoting employment"...