Business news

Lukashenko: EAEU gets increasingly politicized
“Even if we put forward a sensible proposal to resolve one or another issue, we end up rendering a decision meaningless. Each country tries to make the free movement of goods, capital and people impossible and to bypass it, although this is the nuts and bolts of this union”...

Capital amnesty under consideration in Belarus
“We should consult with the private sector. We don’t want it to be a blank shot. If business circles convince me that it has to be done and will produce the desired effect, we will go for it”...

China-Belarus industrial park Great Stone to host Belt and Road forum in July
"Countries, which are partners within the framework of the Belt and Road initiative, as well as the countries we see as fit to host potential resident companies will be invited to participate in the forum"...

Belarus’ Gomselmash might set up joint ventures in Uzbekistan
The Belarusian delegation and their Uzbekistani partners also discussed a possibility to boost supplies of fodder harvesters, grain harvesters, and other farm machines. At present Gomselmash mostly ships fodder harvesters to Uzbekistan...

New company to set up big data processing center in China-Belarus industrial park Great Stone
The project provides for creating infrastructure solutions in line with a smart city concept to plan transport routes, find parking lots, and handle digital clinic patient records...

Belarus' external debt down 1.1% to $16.7bn in January-February 2019
As of 1 February 2019, Belarus' external debt totaled $16.7 billion, down by $0.2 billion or 1.1% from the beginning of the year (taking into account differences in currency exchange rates)...

Gomel Oblast’s merchandise export to China nearly 3.5 times up in 2018
On the whole, advancing cooperation with China is one of the main directions in efforts of Gomel Oblast municipal authorities and local companies to diversify target markets...

Belarusian Development Bank to earmark Br200m for SMEs projects
The DBRB has been implementing the program to increase access of SMEs to finance for more than four years. The program presupposes providing loans and financial leasing which may be used to run projects at different stages of the business development...

Kamvol signs supply contract with Ukraine, eyes EU market
“Ukraine is an opportunity to enter the European market. The company we have signed the contract with receives orders to produce ready-made garments for the European Union”...

Belarusian Railways to launch container service to Romania in March
“One of the main advantages of our new project is smart logistics built around speedy delivery of cargoes -- 39 hours. We intend to transport 120,000 tonnes of freight in 2019,” Belarusian Railways noted...

Turov Dairy Industrial Complex eager to penetrate markets of Lebanon, Pakistan in 2019
Turov Dairy Industrial Complex exports more than 80% of its cheese every year. At present the company has a solid grasp on the market in 14 export destinations...

Belarus-designed dairy farm opens in Sakhalin
An agro-town, also of the Belarusian design, was built next to the new farming facility. Some 50 one-storied houses with land plots were erected for workers of the farm...

Belarus, World Bank working on three new investment projects
Alexander Turchin also suggested implementing another project in Belarus...

ADFIAP association awards Belarus’ Development Bank
The Development Bank was awarded for its infrastructure development efforts that helped improve the country’s transport infrastructure and create conditions for promoting other sectors and facilitating closer integration of the national economy into the world economy...

Plans to present Belarus’ tourism potential at international forum in Bishkek
A delegation of the Belarusian Republican Youth Union (BRSM) is taking part in an international forum on tourism development, which is scheduled to take place in Bishkek, Kyrgyzstan on 26-28 February as part of the work of the Youth Council of the Shanghai Cooperation Organization...

Belarusian truck maker BelAZ resumes deliveries to Chile
Two BelAZ 75581 trucks with the carrying capacity of 90 tonnes are on the way to Latin America. The Chilean company Minera Tres Valles is the buyer. It is the first shipment of Belarusian haul trucks to Chile after a lengthy break...

Grain harvest projected at 9m tonnes in Belarus in 2019
He stressed that as 2018 was a difficult year, the Belarusian agriculture sets forth ambitious tasks for 2019...

Bashkortostan to double production of Belarusian tractors
“Taking into account the operation of MTZ, Bashselkhoztekhnika sets ambitious tasks of doubling the output of Belarus tractors in 2019,” the press service said...

Belarus plans to certify potato manufacturers for compliance with EU requirements
In 2018 Belarus’ potato exports amounted to $50 million, down by 28%. "We are aware of this problem, and we will discuss it today. This is due to the fact that we focused more on the Russian market which has been growing rapidly"...

Belarus’ IT company presents its solutions at MWC Barcelona congress
The Absolute: SmartSite developers explained that this solution is similar to the smart home concept, however, the capacities of Absolute: SmartSite are much bigger therefore it can be used on an industrial scale...