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Business news

1 Aug 2017
Another resident company in Belarus-China industrial park
“We registered another three residents literally last week. One of them is a Belarusian investor working in big data processing. The second one is an American corporation producing lasers. It will start with manufacturing laser equipment. Laser technologies will then be applied in other fields, medicine, for example. Today the park another resident company registered in the park: China Electronics Technology Group Corporation (CETC). It is involved in data processing and artificial intelligence. As of 1 August, there are 16 resident companies in Great Stone,” Alexander Yaroshenko added...
1 Aug 2017
Sulfate bleached pulp plant in Svetlogorsk to go online 7 November
“The plant is to be commissioned on 7 November,” Nikolai Snopkov said addressing Chairman of the Board of the China National Engineering Corporation Sinomach Ren Hongbin. This company is the general contractor for the construction of the Belarusian plant. “This is the most capital-intensive projects in the credit cooperation between Belarus and China,” Nikolai Snopkov noted...
1 Aug 2017
Chinese corporation invited to build theme park in Belarus-China industrial park
“Belarus President Alexander Lukashenko puts great emphasis on mutual tourist exchange. This is important in terms of economy and even more important in terms of getting to know each other better. We are looking forward to CTS’ participation. I believe that the construction of a theme park in the Belarus-China industrial park will become an impressive project and an impressive place to attract tourists”...
1 Aug 2017
PM: Belarus’ economic indicators keep improving
“Statistics indicate a persistent upward trend across the major economic development indicators. We have met six out of seven most important indicators of socio-economic development in the first half of 2017,” the prime minister said...
1 Aug 2017
Stadler Minsk rolls out first batch of Metelitsa trams for St Petersburg
According to CEO of Stadler Minsk Philipp Brunner, the first batch of six Metelitsa trams (В85600М model) branded by the customer as Chizhik has been made for Transport Concessions Company in St. Petersburg...
1 Aug 2017
Belarus, China consider setting up $0.5bn investment fund to attract residents to Great Stone park
The fund is designed to be as large as $585 million and can be further increased to $1 billion and more, if need be...
1 Aug 2017
Belarus ready to develop different forms of cooperation with Chinese partners
“The State Property Committee of Belarus jointly with concerned government bodies compiled a pilot list of 22 Belarusian companies and one investment project that was handed over to Chinese colleagues for consideration and identification of areas of greatest interest to them. This list provides the basis for talks that we are ready to further develop for mutual benefit,” Vyacheslav Abramov noted.
1 Aug 2017
Over 20 agreements signed at first Belarus-Tajikistan-Afghanistan business forum
Sergei Nebeshko, Deputy Chairman of the Belarusian Chamber of Commerce and Industry, had a working meeting with the management of the Afghanistan Chamber of Commerce and Industries. The parties agreed to sign a cooperation agreement in Minsk in August 2017...
1 Aug 2017
Fitch revises outlook for Belarusian Bank BelVEB to Positive
Fitch Ratings revised the outlook on Bank BelVEB's Long-term Issuer Default Rating (IDR) to Positive and affirmed it at 'B-', BelTA learned from the bank’s press service...
31 Jul 2017
Chinese investors interested in purchasing shares in several Belarusian companies
“We can already talk about preliminary results. For instance, talks are underway over cooperation mechanisms regarding Gomselmash. A draft decree of the head of state has been drawn up to convert Belgosproekt into an open joint stock company. The document envisages that Chinese investors will have shares in the company,” Andrei Gayev said...
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