Business news

Belarusian-Chinese car maker limits trade markup on spare parts
In February the car maker issued a directive to limit the trade markup on car parts to 35%...

BelGee to produce executive-class sedans
"We are working on new modifications of the car. This is an executive-class sedan which belongs to the new Geely Emgrand GT generation"...

Stadler rolls out four-car train for Minsk metro
The new rolling stock has been designed by Stadler Minsk. Train cars are painted in the colors of the coat of arms of Minsk. The concept is based on the principle of modularity that gives a possibility for the Minsk metro to have trains from four cars to eight cars...

Container train from Belarusian Orsha arrives in Chinese Nanchang
After travelling for over 11,000km across Belarus, Russia, Mongolia, and China along the Silk Road Economic Belt the train delivered 41 containers full of Belarusian peat fertilizers and sawn timber to Nanchang...

Plans for Skolkovo startup tour in Minsk in 2020
Alexander Shumilin and Arkady Dvorkovich also discussed prospects of including Belarusian companies in clusters of the Skolkovo Foundation with a view to advancing cooperation and promoting Belarusian technologies onto the Russian market...

Belarus, China launch project to develop nanoelectronic sensors
It deals with the development of nanoelectronic sensors based on porous silicon. According to Alexander Korotkevich, both Belarus and China have accomplishments in this sphere that complement each other...

Belarusian steel mill BMZ steps up presence in Africa
In January-February 2019 BMZ’s shipments to African countries increased considerably in monetary terms and physical terms and exceeded 57,000 tonnes. The figure represents about 15% of the company’s total export...

Belarus, Austria favor business cooperation in EAEU, EU
“The business communities of the two countries favor a return to the idea of developing the common economic space from Lisbon to Vladivostok,” Oleg Kravchenko said...

Belarus-Austria trade in services on the rise
Last year, the trade between the two countries exceeded $170 million. Belarus exported goods worth $28 million. Those were metal products, petroleum products, potash fertilizers, woodworking goods and furniture...

Swedish investor to launch production of polymer modified bitumen in FEZ Vitebsk
A Swedish investor plans to inject more than $25 million in the project. Polymer modified bitumen is widely used in road construction thanks to its high performance and quality...

Belarusian defense products on display at LIMA 2019 in Malaysia
The Belarusian products on display will include the latest defense technologies and capabilities of enterprises run by the State Military Industrial Committee of Belarus...

Petrishenko explains Belarus’ position on EAEU gas transit rates
Belarus suggests using uniform approaches to gas transit rates in the EAEU common gas market and in the domestic gas markets of the EAEU member states. This principle is very important and should be formalized by the documents that are in the works now, Igor Petrishenko said...

Belarus, Austria discussing joint projects in food industry, energy
"The topics under discussion include food processing (supplies of equipment and new manufacturing facilities) and high-tech projects in energy, equipment manufacturing, including packaging equipment"...

Nearly Br15.8m from ‘Google tax’ in Belarus in 2018
According to the source, 59 foreign companies, which provide digital services, have been registered with the Belarusian customs service in order to pay the VAT...

Belarusian KB Radar to present updated drone gun at MILEX 2019
The updated gun Groza-R2 is more compact and lighter. It has less powerful transmission power. The first gun had an effective range of up to 3km and was fitted with a backpack with powerful amplifiers and accumulators...

Belarus negotiating better access to Chinese market
Favorable foreign trade conditions were discussed as well as ways to expedite container train traffic between China and Europe via Belarus...

Belarus, Serbia discuss deliveries of Belarusian vehicles
The delegation met with the State Secretary of the Serbian Ministry of Interior Miloslav Milickovic to discuss the status of implementation of the project on joint production of fire trucks on MAZ chassis for the Sector for Emergency Management and the prospects to bolster cooperation...

Minsk Motor Plant mulling over assembly plants in Ukraine, Cuba
“The talks are underway to set up an assembly plant at Yuzhmash in Ukraine. Similar talks are held with Cuba. Mutual interests are taken into account. The projects will include the production of engines and their subsequent installation on tractors and harvesters”...

World Bank loans for Belarusian SMEs now available in euros
In 2017 the Development Bank took out an external loan to the tune of $60 million from the International Bank for Reconstruction and Development for the sake of implementing a project designed to expand access to finance for micro, small, and medium enterprises in the Republic of Belarus...

Minsk to host Belarus Entrepreneurship Week on 18-24 March
The key event of the Belarus Entrepreneurship Week in 2019 will be the national business forum “Development of Belarus Entrepreneurship: Strategy and Tactics” which will be held at the National Library on 20 March...