Business news

Concern over ineffective use of idle state properties in Belarus
The work to make unused properties part of economic turnover is done in line with presidential decree No.294. The Council of Ministers’ Presidium authorizes a list of such properties every year...

Subsidies for cement producers discussed in Belarus
"The investment projects were launched at a time when cement prices dropped dramatically. Today, the companies are able to support their current operations, at the very least"...

Improvements in business climate in focus of Belarus government meeting
We expect the documents aimed at improving the business climate and increasing the investment attractiveness of Belarus to be adopted soon, Belarus First Deputy Prime Minister Alexander Turchin told the media following the government meeting chaired by the Belarusian president...

Number of visa-free visitors to Grodno District up three times in January
From 1 January to 3 February 2019, over 6,800 foreigners took advantage of visiting Grodno and Grodno District visa free. Just to compare: about 2,400 visa-free tourists visited the region during the same period in 2018...

Belarus’ export up by 15.3% to $33.7bn in 2018
“According to the statistics, the Belarusian merchandise export amounted to $33.7 billion in 2018, which was up 15.3% over 2017 or $4.5 billion. This increase was achieved thanks to products of mechanical engineering and other goods with high added value”...

Belarus plans to set up sales and maintenance centers in Egypt
The Belarusian ambassador met with Luxor Governor Mostafa Alham to discuss the status and prospects of cooperation between Belarus and Luxor Governorate of Egypt...

Belarus, Sri Lanka agree to bolster ties in trade, economy
During the meeting, the Belarusian ambassador and the president of Sri Lanka noted the need to intensify bilateral relations in the political, trade, economic, humanitarian and other areas...

Belarus-Lithuania trade at almost $1.4bn in 2018
"Lithuania is one of the main economic partners of Belarus, ranking eighth in Belarus' trade and seventh in the country's exports. The mutual trade in goods between Belarus and Lithuania reached $1.39 billion. According to him, this is 32.2% up from 2017"...

Belarus, Pakistan mull over joint pharmaceutical cluster
“The cluster can be set up either in Belarus or in Pakistan. Pakistan produces affordable medicines of high-quality,” the diplomat said...

Eurasian Rail Alliance to buy 200 rail cars from Osipovichi plant
The UTLC ERA president said that the company has concluded an agreement with Osipovichi plant to buy up to 1,000 80-feet rail cars...

31.01.2019 15:03 Belarus offers its buses to Serbia, suggests joint production of fire engines
“Our enterprises are the most flexible in their approach to issues of ensuring mutually beneficial cooperation. MTZ and MAZ use a lot of Serbian components on their production lines,” the minister said...

Belarus takes part in New York Times Travel Show 2019
The national pavilion featured detailed information about travel opportunities in Belarus, the country’s nature attractions, and historical and cultural heritage...

EU, WB launch €8.8m projects to support private sector in Belarus
The World Bank will provide advice, among other things, on mobilizing private finance for public infrastructure (public-private partnerships), World Bank Country Manager for Belarus Alex Kremer said...

S Korean business shows interest in road construction projects in Belarus
“Several companies that are part of large financial-industrial groups, have already prepared feasibility on the implementation of road upgrade and construction projects jointly with Belarusian partners,” Andrei Popkov said...

Paperless trading system may bring Belarus $10m in benefits annually
Belarus believes that cooperation with the Korean trade network KTNET, one of the South-Korean leaders in electronic administration of economic activities, is important for the development of its national paperless trading system, the ambassador said...

Belarus ready to help Armenia renew its passenger transport
“Belarus is ready to take part in the renewal of the passenger transport fleet of Armenia and also in its lift renewal program,” Vladimir Andreichenko said...

Belarus to reduce oil export duties on 1 February
The export duty on crude oil will reduce from $89 to $80.7 per 1 tonne. The duty on straight-run gasoline will drop from $48.9 to $44.3 per 1 tonne. The duty on commercial gasoline will go down from $26.7 to $24.2 per 1 tonne...

Belarus’ Babushkina Krynka to ship milk to China’s Jiangsu in February
The agreements on milk supplies were reached during the mutual visits of the governors of Jiangsu Province and Mogilev Oblast in September and November 2018...

Azerbaijan in favor of stronger ties between its technoparks, Great Stone
“Latif Gandilov suggested signing documents on cooperation between the major technoparks of Azerbaijan and the China-Belarus industrial park Great Stone,” the press service said...

Serbia ready for allround cooperation with Belarus
Belarus and Serbia have been steadily developing cooperation. There are, however, areas where cooperation can be expanded further. These are agriculture, tourism, construction, education, science and many more...