Business news

High tech, transport, SMEs viewed as drivers of Belarus-Russia Union State
“I am strongly convinced that we should extensively focus on high technology products and everything that has to do with advanced technology. This is a global trend”...

Lukashenko wants incentives for regional workforce
"One of the primary tasks for local authorities is to set up facilities for deep processing of raw materials and getting export-oriented and import-substituting products with a high added value"...

Minsk to host Belarusian-Korean forum on science and innovations on 9-10 April
The goal of the forum is to promote bilateral cooperation in science and technology, to establish new business contacts and to identify promising areas and forms of cooperation to advance the development of innovative processes in the two countries...

Belarus, Egypt to produce grain storage silos
The memorandum of cooperation was concluded by SelEnergoprom (Belarus) and Helwan Machinery & Equipment Co. of the Ministry of Military Production of Egypt...

Belarus shows interest in cooperation with OECD
Alexander Turchin stressed that the Belarusian government is a strong supporter of private business development. Over the past two years serious steps have been made to boost private initiative, and the government hopes for further consultative assistance from the OECD...

Belarus’ exports to Pakistan on the rise
The first delivery of a BelAZ rock hauler to Pakistan was a landmark event for the bilateral relations, the embassy said...

Belarusian innovations featured at exhibition in Seoul
The Belarusian exposition featured 13 organizations of the Education Ministry, the National Academy of Sciences and private enterprises who presented 59 innovations, solutions and R&D in metal processing, new materials, x-ray equipment, medical devices, biotechnology, precision engineering...

Belarus’ delegation studies animal cloning in S. Korea
The Belarusian delegation visited the Sooam Biotech research laboratory where they studied the work of researcher Hwang Woo-suk...

Belavia switches to summer schedule
Compared to the Summer 2018 season, the airline will fly more often to Barcelona, Riga, Sochi, Istanbul (6 times per week), Almaty, Baku and Berlin (5 times per week)...

PM: Nothing impedes Nezhinsky factory to be commissioned in time
According to him, with the launch of the Nezhinsky potash mining and processing factory, Belarus will become a more significant player on the global potash market...

Belarusian delegation studies Zhejiang’s electric transport best practices
The Belarusian delegation discussed with Chinese specialists the prospects for producing electric cars in Belarus, issues related to car assembling at the Belarusian-Chinese joint company BelGee...

Belarus, UAE to build on cooperation in tax administration
The document is expected to update the rules regulating tax affairs between the two countries and to help expand and strengthen bilateral economic relations in the interests of the two states...

British Nottingham to get first Belarusian electric bus soon
“The first right-hand drive electric bus made by Belkommunmash is just back from trials and will soon be shipped to Nottingham. Regional Director at UK Export Finance Vomic Shah is behind the wheel”...

Belarus, UAE to collaborate in developing financial market infrastructure
The memorandum of understanding is designed to improve and intensify cooperation between the two ministries and to create the groundwork for collaboration in the field of budgeting, tax administration and financial policy, and for the exchange of best practices with international finance organizations...

Grodno Oblast seeks to draw in diaspora tourists from U.S.
“The United States is home to many people whose ancestors lived in this area. We have many sites from various historical periods and locations related to various nationalities that would be of interest to foreign travelers”...

Belarus eager to sell trucks, municipal vehicles to Vietnam
The ambassador and representatives of the Ho Chi Minh city administration discussed the possible contribution of Belarusian companies to the development of the transport infrastructure of the country’s largest economic hub – the city of Ho Chi Minh...

Potential demand for Belarus’ new flotation of eurobonds
"Today there are no constraints for Belarus to enter the Eurobond market. Nevertheless, we consider this tool solely on the basis of the current cost of borrowing. Our securities are trading fairly well. There is an opportunity, potential demand for Belarus’ entry to the Eurobond market"...

Minister: Raiffeisen Bank can become one of biggest lenders for Belarusian economy
Maksim Yermolovich views cooperation in the financial sector as exemplary. He noted that Priorbank has long been operating in Belarus. Priorbank’s major shareholder is Austria’s Raiffeisen Bank...

Russian loan sufficient to finish building Belarusian nuclear power plant
The deputy energy minister reminded that the Russian loan can be as large as $10 billion and can cover 90% of the construction cost while Belarus is supposed to cover another 10%. The terms were specified when the construction of the Belarusian nuclear power plant began...

Belarus invites Latvia to cooperation in IT, biotechnology, healthcare
“We have good experience in the field of high technology, products that are competitive in world markets, and we are ready to cooperate in areas of mutual interest to our countries”...