Business news

Kazakhstan might buy Gomselmash’ shares
“This will help expand operations, meet the domestic demand and promote products on the third markets,” Alexander Turchin said...

Belarus, Laos discuss organization of supplies of goods, services
The parties addressed a wide range of the Belarusian-Lao relations, including political dialogue, bilateral cooperation in trade, economy, industry, science and banking...

PM: Salaries projected to average Br1,025 in Belarus in 2019
“Salaries are expected to average Br1,025 next year. Salaries in the budget-financed sectors should be not less than 80% of the average wage, i.e. at the level of Br820,” Sergei Rumas noted...

Belarus’ gold, forex reserves projected to remain unchanged in 2019
“We are set to keep the gold and foreign currency reserves at the level enough to cover for two months of imports. In absolute terms, they should make $7.1 billion”...

Belarus’ central bank aims for single-digit refinancing rate in 2019
The head of Belarus’ central bank said: "We expect we will be able to reach a single-digit refinancing rate in 2019. It will surely depend on the performance of the economy, the state of the balance of payments, external conditions"...

Polish companies eager to invest more in Grodno Oblast
"They are interested in setting up various manufacturing enterprises in Grodno Oblast, invest in, for example, tourism and sport. Several major projects are under consideration"...

Minsk Oblast wants to launch pharmaceutical project with China’s Ningbo
Apart from that, Belarus is ready to deliver its agricultural products via container trains that will return to China from Europe. In particular, China is interested in meat and dairy supplies, namely ice cream, beef and poultry meat...

Belarus, Indonesia intend to bolster business ties
Special consideration was given to the practical issues regarding the development of trade and economic cooperation, including in the context of Indonesia's membership in the Association of Southeast Asian Nations (ASEAN) and Belarus in the Eurasian Economic Union (EAEU)...

Belarus mulls over national exposition in Jakarta in 2019
“We really want Belarus to become better known in Indonesia. We plan to organize the Belarusian national exposition in Jakarta next October, where Indonesian partners and friends will be able to see our new products, get familiar with our business, enterprises and culture”...

Belarusian government authorized to borrow $2bn by floating securities abroad in 2018-2020
Belarus President Alexander Lukashenko signed decree No.458 on procuring external government loans on 23 November...

Belarusian enterprises to get direct access to Uzbekistan’s commodity exchange market
"The launch of the e-trading platform of a foreign exchange is an unprecedented event for Belarus, which became possible thanks to the joint efforts of BUCE and UZEX. The project is aimed at providing economic entities of the two countries with easier access to tenders"...

National interests behind privatization decisions in Belarus
The head of state touched upon matters of cooperation with foreign companies. In his words, for more than five years he has been quoted various sources saying foreign capital is interested in investing in the production of construction materials...

Lukashenko wants efficient, transparent trade on foreign markets
The head of state noted that manufacturing a product is not the goal in itself. The most important thing is to be able to sell a product at a profit...

Eurasian Development Bank interested in presence in Belarusian Hi-Tech Park
The executive said that the bank is extremely interested in its own presence and the presence of its partners in the Hi-Tech Park. Andrei Belyaninov noted that a Russian company is considering residency in the Hi-Tech Park...

Belarus earns Br10.7m from ‘Google tax’ in January-September
As many as 53 foreign companies, which provide digital services to individuals and pay the VAT to the state budget, have been registered with the Belarusian tax service. The number includes Google, Microsoft, Netflix, Amazon, Wargaming, Apple, Valve, Airbnb, Booking.com, and Uber...

Belarus-Indonesia Business Forum due in Minsk on 22 November
Top on the agenda of the forum will be cooperation prospects in trade and economy and presentations of Indonesian companies...

Belarus’ trade with Russia’s Karelia 22.7% up in January-September
In January-September 2018 Belarus’ export to Karelia rose by 130% to $14.1 million, with import at $5.8 million...

Makei: Tax maneuver compensation still on Belarus-Russia agenda
According to the minister, the September meeting of the presidents of Belarus and Russia added momentum to the efforts to solve the problematic issues in the relations of the two countries. Some of them, however, still remain on the agenda...

First apartment building in Great Stone park to be commissioned in 2019
The building will have 5-6 floors and will include studios, one-bedroom and two-bedroom apartments, as well as a drugstore, a public utilities office, a hair parlor, a post office, a first-aid center, public services center, and a police office...

FM: Strengthening trade relations are in Belarus, Russia interests
“It is in our common interests to anchor positive trends and secure further development of mutually beneficial trade relations,” Vladimir Makei said...