Business news

Belarus in talks to ship potash fertilizers via Latvian ports
"On 3 April, the Belarusian delegation held a working meeting with Kalija Parks, studied technical capabilities of the terminal for transshipment of potash fertilizers"...

Work in progress to commission first unit of Belarusian nuclear power plant
Specialists have started individual tests and tests of the primary and secondary equipment of the reactor unit, which will be used for hydraulic tests and circulation flushing...

Belarusian Railways to organize conference on Europe-China container transportation in Germany
The main topic of the conference will be container transportation from Europe to China. The event will focus on the development of multimodal services...

Belarus-Oman business cooperation council to meet in Minsk on 10 April
The event will include presentations of business climate of Belarus and Oman, B2B talks between representatives of Belarusian and Omani companies...

Belarus’ gold, forex reserves at $7.2bn
In March 2019, the country’s gold and foreign currency reserves went up by $150.5 million (or 2.1%) following the February growth by $77.5 million (1.1%)...

Vitebsk to host international economic forum in May
"Last year, this important economic event gathered more than 130 business people and government officials from 11 regions of the Russian Federation and 13 countries of the world. The forum has been rapidly growing"...

Plans to present Eurasian Economic Union digital agenda at TIBO 2019 in Belarus
According to the source, experts are expected to discuss digital transport corridors, the development of a digital ecosystem model to enable employment of citizens of the Eurasian Economic Union member states, and digital industrial manufacturing cooperation...

Belarus’ Mogilev Oblast, China’s Shaanxi Province sign cooperation agreement
The two-year agreement provides for the parties to develop trade and economic partnership, render support and information assistance to companies interested in investing and establishing import-export relations. The document also envisages a delegation exchange...

Belarusian lifts to replace old ones in Armenia
The Belarusian lift manufacturer Mogilevliftmash has reached an agreement on participation in the program on replacing old lifts in Armenia...

Belarus’ Hi-Tech Park now home to over 500 companies
Among the new residents of Belarus’ Hi-Tech Park are also companies with foreign investment from Singapore, France, and the Netherlands. One of them, for example, is developing digital products for Turkcell Group...

Belarus’ energy potential hailed at EU-Eastern Partnership ministerial meeting in Bucharest
Ambassador Extraordinary and Plenipotentiary of Belarus to Romania Andrei Grinkevich took part in the event. In his speech he mentioned Belarus’ energy industry...

Belarus, Norway agree on road haulage permit quotas
"The conditions developed by the commission are most favorable for the maintenance of existing and future cargo flows by Belarusian and Norwegian transport companies in compliance with the highest environmental standards"...

Belarus might use Finland’s smart city concept solutions
On 3 April, First Deputy Economy Minister Alexander Chervyakov held a meeting with a delegation of Finnish experts who presented their expertise and knowledge of creating a smart city by the example of Tampere, Finland’s third largest city...

Trade between Gomel Oblast, Germany over 20% up in 2018
“In Minsk I will encourage representatives of the German economy, the German-Belarusian economic club to pay more attention to Gomel Oblast in the sphere of investments, trade, and economy,” the ambassador told BelTA...

MILEX 2019 to feature latest Belarusian small arms
The products on display will include pistols designed by Igor Vasilyev: semi-automatic modular pistols PSNV and PV-17 as well as a 7.62mm sniper rifle SV.01 and a 5.56mm sniper rifle SV.02...

Guarantee fund for Belarusian SMEs now operational
"We are starting the implementation of a new mechanism to provide financial support to the private sector in Belarus. We are going to create and develop a guarantee fund to offer collateral on bank loans for small enterprises"...

New BelAZ vehicles commissioned in Vietnam
The fact once again confirms the high level of trust in products of the Belarusian automobile engineering company BelAZ as well as the company’s global leadership in the 130-tonne haul trucks market segment...

BelAZ increases haul truck exports to non-CIS
In March 2019, the company shipped six 220-tonne haul trucks to Serbia, seven 110-tonne haul trucks to Mongolia (11 trucks have been shipped to the country since the start of the year). BelAZ also supplied its haul trucks to Poland and Mongolia...

Fitch affirms Eximgarant of Belarus at 'B'
The Belarusian state has established strong support for Eximgarant through its legal framework to develop a well-functioning export insurance system...

Belarus’ Development Bank opens €50m credit line to finance exports to West Africa
"Our work in the field of export financing is always aimed at creating opportunities for Belarusian enterprises to cooperate with any region of the world. Africa is a continent of great economic potential, a region that draws special attention of the world’s major exporters"...