Business news

Belarus eager to export more electricity to EAEU market after launching nuclear power plant
Belarus pursues a multiple-vector policy in matters concerning the export of electricity. The deputy energy minister pointed out that Belarus successfully trades in electricity on the Baltic market via the Nord Pool exchange...

Belarus-Irkutsk Oblast trade up 44% in H1 2018
The region signed cooperation agreements with Brest Oblast, Vitebsk Oblast and several companies from Mogilev Oblast. Belarusian company Belshina has a trading house in Irkutsk...

New business incubators to open in Belarus in 2019
New business incubators will open in Baran, Glubokoye, Mstislavl and Gorky in 2019 within the framework of the UNDP project "Promotion of employment and self-employment of the population in small and medium-sized towns in the Republic of Belarus"...

Gomel Oblast intends to sign multi-million contracts at Belarus-Russia regional forum
Gomel Oblast plans to conclude cooperation agreements with Kirov Oblast, Nizhny Novgorod Oblast, Samara Oblast and the Republic of Buryatia...

Permanent exhibition of Mogilev goods to open in Russia’s Penza
"The exhibition will display not only food products that are very popular with our residents but also industrial goods"...

Profitability of Belarus’ woodworking holding company at 13.5% in January-August
In 2007 the head of state ordered to upgrade the physical infrastructure of woodworking companies of Bellesbumprom Concern and to create new modern production facilities that would manufacture innovative and import-substituting products...

Belarus showcases its products, solutions at international expo in Czechia
The export potential of the country’s manufacturing sector is presented by companies affiliated with Belneftekhim Concern, research centers of the National Academy of Sciences of Belarus and Belarusian Steel Mill...

Belarus Business Day at MSV Brno 2018 lauded as success
The event featured the presentations on the economic potential of Belarus and Belarusian-Czech regional cooperation, in particular Minsk Oblast...

Belarus seeks cooperation with Japan in petrochemistry, mechanical engineering
The parties should also consider cooperation in mechanical engineering, car parts, pharmaceutics, new technologies, including laser technologies, and new materials. "Apart from that, Japan imports foodstuffs in large quantities. We can talk about it too"...

Mogilevkhimvolokno to sign $100m worth of contracts at Belarus-Russia forum
All in all, contracts worth at least $500 million are to be signed this year. Contracts will be concluded by Mogilevliftmash, Mogotex and other enterprises...

Belarus’ Development Bank to lend up to $25m for Orsha airfield reconstruction
The state enterprise Minsk National Airport will be able to borrow up to $25 million to reconstruct the Orsha airfield...

NASB intends to foster cooperation with LG company
Currently, the NASB and LG Electronics Inc. are implementing four projects in new materials, refrigeration systems (heat and mass transfer), and green technologies...

British CTH to buy Belarus’ lumber through stock exchange
"Having visited forestry enterprises, I can say that we are completely satisfied with the quality of Belarusian sawn timber. This is exactly what we need. The price is also quite competitive"...

Plans to raise Belarus-Egypt trade past $100m in 2018
Belarusian exports to Egypt are tractors, trucks, tires, metal products, optical products, pumps, x-ray equipment, petrochemical and woodworking products...

Belarus, Turkey discuss manufacturing cooperation prospects in automobile industry
A Belarusian-Turkish seminar on manufacturing cooperation and sharing the experience in the area of production and distribution of automobiles and automobile components is taking place in the Turkish industrial cities of Bursa and Gebze on 2-3 October...

Belarus’ National Bank keeps its 2018 inflation forecast unchanged
"The inflation forecast remains unchanged. This is what we aim for," Dmitry Lapko noted. According to the deputy chairman, there are external risks that may affect this rate but they are not very high...

Bobruiskagromash to launch direct supplies of farm machines to Cuba
The Cuban delegation studied the manufacturing capacities of Belarus’ leading farm machinery producer, visited an exposition of the company’s machinery and held business talks...

Belarus pushes for international cooperation in digitization, technology forecasting
Belarusians understand perfectly well the importance of digital economy for sustainable and comprehensive economic growth and take the relevant steps. The Digital Economy Development Ordinance came into force in March. The Hi-Tech Park develops rapidly...

EBRD expands credit program in Belarusian rubles
The EBRD said the SME sector plays a very important role in Belarus. There are over 112,000 local SMEs in the country, which are responsible for almost a quarter of the country’s GDP and employ around 1.5 million people...

Customs office opened in China-Belarus industrial park Great Stone
"I am convinced that today we’ve laid the foundation of a powerful world-level logistics node. This customs office is a high-tech facility, which meets all the modern international requirements"...