Business news

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"...

Lukashenko calls for reducing plastic packaging consumption
"The capacity of our only treatment facility will last for another three or four years. We need eco-friendly solutions that will change the situation radically. Otherwise, the Hero City of Minsk will soon be surrounded by dozens of waste mountains"...

Belarus’ losses in wake of Russian tax maneuver projected at $383m in 2019
“This is a big issue for the government and the relevant ministries. Negotiations with the Russian Federation continue,” said the deputy prime minister...

MFA welcomes growing interest of German companies in Belarus
For example, German companies are setting up an innovative facility of composite materials and medical products in the Great Stone park. Duisport Group, the owner and operator of the Port of Duisburg, has become a shareholder of the Industrial Park Development Company...

Plans to raise Belarus-Germany trade volume to $3bn in 2018
In his words, Belarus-Germany trade is getting more balanced. It is also important that the structure of Belarus’ export to Germany is sufficiently diversified: over 400 commodity items were exported in 2017-2018...

Belarus plans to increase food exports to China
“We have a significant increase in trade with China, including our exports. There are new export goods, including food products. Now we are working on adding new commodity items to the range of our food exports,” said Sergei Rakhmanov...

Sinotrans opens Eurasian HQ in China-Belarus industrial park
It was noted that a world-class logistics platform is being created as part of the Silk Road to enable transportation by rail, by sea, and by air...

Nigeria interested in cooperation with Belarus in automobile industry
Upon the initiative of the Belarusian side Ambassador Extraordinary and Plenipotentiary of Belarus to Nigeria Vyacheslav Bril met with top officials of the National Automotive Council of Nigeria...

Belarusian Amkodor opens new vehicle assembly line in Egypt
The test assembly of Amkodor loaders has been arranged in Abu Zaabal at an enterprise of the National Organization for Military Production in association with Egyptian Company for Agriculture and Rural Development...

Belarus to increase machinery supplies to Pakistan
As of today, Minsk Tractor Works (MTZ trademark) is Belarus’ major machinery exporter to Pakistan. MTZ has been operating on the Pakistani market for over 50 years already...

Plans to build R&D commercialization center in China-Belarus industrial park within one year
According to the source, the construction and development of the China-Belarus industrial park Great Stone proceeds dynamically. The construction of the center for cooperation in transforming R&D accomplishments will be the next step in implementing the joint project...

2019 budget bill surplus at Br1.7bn in Belarus
The MP informed that the budget revenues will make up Br23.7 billion, expenditures Br22 billion. Thus, the surplus is estimated at Br1.7 billion...

Belarus’ GDP up 3.2% in January-November
According to the first assessment, the country's GDP in money terms totaled Br111 billion, or 103.2% in comparable prices against January-November 2017...

Hungary interested in Belarusian nuclear power plant construction experience
The Hungarian specialists were made familiar with progress in building the Belarusian nuclear power plant with VVER-1200 reactors...

Export of Belarus’ tourism services to China up 15% in January-October
"Over 10 months 2018 it was estimated at $4.73 million, a nearly 15% increase over the same period a year before. As a result, China became the third biggest importer of Belarus’ tourism services following Russia and Ukraine"...

Grodno, Hainan to develop cooperation in tourism, logistics
The guests got acquainted with the economic and tourism potential of the region, visited the free economic zone Grodnoinvest and attended a meeting to discuss the prospects for cooperation...

Belarusian private sector promised friendlier Tax Code
“A common stance has been worked out. Over 35 matters, which are crucial to private business operation, have been reviewed. In our opinion, this edition of the Tax Code meets the requirements set when instructions to polish the taxation legislation were given”...

Plans to set up fire, industrial safety center in China-Belarus industrial park Great Stone
“There are plans to set up a Belarusian-Chinese center on fire safety and industrial safety in the China-Belarus industrial park Great Stone. We’ve suggested setting up a working group, which will include specialists of the two ministries and will work on the matter”...

Wooden houses seen as driver of Belarus’ exports to France
In 2017, the growth of Belarusian exports to France made up 155%. This year witnesses good dynamics as well. Belarus supplies to France a total of 250 commodity items...