Business news

Lukashenko demands to stop import of vehicle repair parts
"No import please. Belarus has an advanced machine-building industry. We are making complex machines. Find out what, for example, the linen mill needs. You can even organize import substitution in Orsha"...

Lukashenko wants more efficiency from Orsha Linen Mill upgrade project
"We occupied the sixth-seventh place aside from the Soviet Union," he said. "Today we occupy the second place. France is still doing something in terms of quality in the linen industry"...

Belarus to reduce export duties on oil, petroleum products on 1 December
The export duty on crude oil will be reduced from $152 to $135.1 per 1 tonne...

Belavia announces cheap flights to new destinations
Thus, on 29 November, the list of reduced fares expanded with flights to Tbilisi, Batumi, Kharkov and Rostov-on-Don. A one-way ticket will cost €10 plus taxes and charges...

Belarus-Latvia Forum of Regions kicks off in Vitebsk
The two-day event is one of the most important economic events during Latvia Days in Belarus. More than 120 people will arrive in Vitebsk as part of the Latvian delegation...

French investment in Belarus discussed at talks in Paris
“The parties discussed issues related to the development of cooperation in the economic and financial sectors, attraction of French investments in the Belarusian economy”...

Belarusbank, KfW IPEX-Bank sign basic loan agreement
"Belarus’ largest bank has been actively working to expand the list of its foreign partners in order to diversify the credit portfolio"...

Central banks of Belarus, UAE to step up cooperation in banking oversight
The National Bank of the Republic of Belarus (NBRB) and the Central Bank of the United Arab Emirates have signed a memorandum of understanding on sharing information and stepping up cooperation in the area of banking oversight...

Cuba interested in setting up industrial joint ventures with Belarus
"Belarus traditionally supplies Cuba with very valuable tractors, other mechanical engineering products. Opinions about these products are very good, this is why it is important for us to continue trading with Belarus and take it a step further – to the establishment of joint ventures"...

Uzbekistan shows interest in industrial cooperation with Gomel Oblast
“It is possible through the terms of industrial cooperation to produce some products in Belarus and some in Uzbekistan,” the diplomat said...

Belarus, Russia’s Pskov Oblast urged to collaborate in manufacturing, sale promotion
"For instance, Pskov Oblast has a well-developed combined fodder industry. Belarus is implementing a similar large-scale project. The Union State is also working on a combined fodder program. We think this industry is good for collaboration"...

Belarus to organize national expo in Argentina 2019
“Last year we ran a successful exhibition of Belarusian products in Havana. Next year we will organize a national expo in Argentina, during on one of the great universal trade fairs there”...

Belarus, Kyrgyzstan want to expand cooperation in light industry
Taking part in the meeting were also President of the Kyrgyz Union of Manufacturers and Entrepreneurs Jyrgalbek Sagynbaev, First Deputy Plenipotentiary Representative of the Talas Oblast Government Kanymet Osmonbekov...

China supports Belarus in WTO accession
The parties discussed the restructuring of the World Trade Organization (WTO) and reaffirmed mutual support of the open multilateral trading system designed to provide a stable and predictable environment for international trade...

First batch of nuclear fuel made for Belarusian nuclear power plant
A batch of nuclear fuel to start the reactor of the first power-generating unit of the Belarusian nuclear power plant has been made and has passed quality inspection at Novosibirsk Chemical Concentrates Plant...

Belarus suggests revising import duties distribution in EAEU triennially
“We propose the new methodology that implies revising the mechanism for import customs duties distribution every three years, taking into account various factors, including the volume of imports”...

Belarus’ central bank to introduce new communication policy
"This policy is underpinned by the bank’s determination to increase openness and transparency of the domestic monetary policy in order to ensure that this policy is fully understood by all interested parties"...

Belarus in favor of equal gas transportation tariffs in EAEU
"Belarus laid out its position: the tariffs for gas transportation through the territory of the union for participating countries should not be higher than the rates on domestic markets"...

International forum on petrochemistry kicks off in Minsk
The forum, to be attended by representatives of the organizations affiliated with Belneftekhim Concern, will discuss the development of the petrochemical industry in the world, export/import potential of cooperation...

Belarusian export to Latvia up over 1.5 times in January-September
“Without petroleum products, bitumen, nitrogen and potash fertilizers, petroleum gases and other gaseous hydrocarbons, the trade increased by $163.1 million to $332.1 million”...