Business news

BelAZ to ship 20 haulers to Uzbekistan in 2018
About 1,000 BelAZ vehicles are used in Uzbekistan today. The majority of them are haulers with the carrying capacity varying from 30 to 220 tonnes...

Belarusian-Chinese car maker BelGee to reach new markets by 2020
So far this year the company has made some 5,000 cars. Of the total number 3,000 cars have been sold in Russia and 1,800 cars have been sold in Belarus...

Localization in Belarusian-Chinese car assembly project BelGee at 50%
"We’ve reached 50% localization because new factories have been built next to BelGee to make powertrains, radiators, and seats. Belshina supplies tires. Batteries are made by Belarusian and Russian companies"...

Belarusian-Chinese car maker BelGee to raise output to 1,400 cars per month by year end
At present BelGee makes 50 cars every eight-hour shift or 1,000 cars per month...

Export of Belarusian pharmaceutical products to Uzbekistan expected to reach $2.9m this year
As many as 244 titles of Belarusian medications, medical products, and medical equipment are registered in Uzbekistan. There are plans to increase export to Uzbekistan in 2019...

New program to counter inflation adopted in Belarus
The program is supposed to enable conditions conducive to stable economic growth, development of competition, and the reduction of inflation expectations...

Romania, Belarus discuss Great Stone Park opportunities
Andrei Grinkevich laid out Belarus’ opportunities in transport, logistics and transit and the potential of the Great Stone as a hub of the Belt and Road initiative...

Belarus, Uzbekistan sign over 80 contracts worth $193.3m
Light, electrical, agricultural, mining, engineering and food industries, joint production of construction materials were outlined as the promising areas of bilateral cooperation...

Belarusian steel mill BMZ now makes 8mm rebars to meet demand
This year BMZ products have been shipped to more than 60 countries, ten of which BMZ had to reopen to trade. In July alone the company started trading with Portugal, Cameroon, Algeria, and Chad...

Furniture made by Belarusian Bellesbumprom now sold in USA, UAE
"We’ve always been strong in Russia and the CIS states on the whole. Shipments are now being delivered to the USA. Zov-LenYevromebel Company will deliver the first few shipments to the UAE this year. It is important that export to the European Union is on the rise"...

Belarus, Uzbekistan to sign contracts worth $100m at business forum
According to him, 78 Belarusian companies will hold talks at the forum. Over 150 other enterprises are planning to take part in the Made in Belarus expo...

EBRD invited to buy stock in Belarusian Belinvestbank by year end
With the EBRD’s assistance Belarus works to enable equal competitive economic conditions, implement pilot projects in the sphere of corporate management, raise foreign investments for the banking sector, and modernize the infrastructure...

Belavia may launch flight to Tashkent
"Belarusian air carrier Belavia considers launching two flights to Tashkent. We are not sure when this happens exactly, but the work is in progress," Leonid Marinich said...

Belarus, Uzbekistan to set up joint ventures in pharmaceuticals, engineering, agriculture
"We are in talks, on the initiative of Uzbekistan, over enterprises in mechanical engineering. There is interest in Gomel-made equipment, Bobrusikagromash vehicles"...

Over 150 Belarusian companies to participate in Made in Belarus expo in Tashkent
A number of themed expositions will be offered to visitors of the Made in Belarus expo. Major Belarusian industrial companies will showcase samples of agricultural machines and utility vehicles, innovative electric buses, mining harvesters, and defense technology products...

Belarusian Belinvestbank, EBRD to continue transforming public sector
The negotiations focused on cooperation in implementing a number of joint programs, including the pilot project for reorganizing the Gomel Oblast cereals company Gomelkhlebprom. Belinvestbank-EBRD cooperation on this project has improved the quality of management of the state-run company and its financial solvency...

Azerbaijan to get familiar with Belarusian experience of waste management regulation
These and other matters were discussed as Belarusian Natural Resources and Environmental Protection Minister Andrei Khyduk met with Azerbaijani Ecology and Natural Resources Minister Mukhtar Babayev on 11 September...

Trade between Belarus’ Brest Oblast and Kazakhstan up 18% in January-July
The trade between the Belarusian region and Kazakhstan amounted to $58.3 million in January-July 2018, which was up 18.6% as against the same period a year prior. Brest Oblast is home to seven enterprises with the Kazakh capital...

Belarus’ exports up 18.8% in January-July
The foreign trade in goods and services made up $47.1 billion, up 20.1% from January-July 2017. The export totaled $23.7 billion, the import exceeded $23.3 billion (up 21.3%)...

Inflation in Belarus at 0.1% in August 2018
In August 2018 the index of consumer prices for goods and services totaled 100.1% as against July 2018 and 102.9% as against December 2017...