Business news

Belarus, Turkey might use national currencies in trade
“I am convinced that this year the trade between Turkey and Belarus will exceed $1 billion. It is time to switch to the Turkish lira and Belarusian rubles in trade transactions”...

Belarusian automaker BelAZ opens maintenance depot in Russia’s Khakassia Republic
Mining companies in the two Russian regions can now enjoy direct access to BelAZ’s proprietary service. This access will ensure uninterrupted operation of their vehicles, thus improving the economic effectiveness and output figures of BelAZ vehicles...

Belarus to commission new enterprises by year end to sell meat to China
Belarusian companies have been recently authorized to sell beef to China. About 100 tonnes of beef has been sold to China already...

Belarus’ dairy export to China up 5.6 times in January-July 2018
Dairy export to China rose almost 5.6 times over last year’s level in money terms and 6.9 times in physical terms...

Minsk’s export up 29.8% in January-July 2018
The biggest contribution was made by such sectors as computer (the growth of 140%) and transport services...

Belarus to invite Turkey to take part in investment projects
The diplomatic mission noted that Belarus’ Investments Days in Turkey have been organizing with the support of the Ankara Chamber of Commerce and the Foreign Economic Relations Board (DEIK)...

First container train with Belarusian dairy products off to China
It is not the first shipment of Belarusian dairy products to China but it is the first shipment being delivered by a dedicated container train. The train consists of 41 40-foot containers, with 20 of them filled with Belarusian milk powder...

Belarusian automaker BelAZ to sell underground dump truck to Chile
Following the relevant agreement BelAZ will ship a MoAZ-75290 underground dump truck with the carrying ability of 25 tonnes to a Chilean mining company for field trials...

Belarusian defense technology for Kazakh army
The diplomat noted that Belarusian products are very well represented on the Kazakh market. “Absolutely everything starting with cloths and ending with harvesters, tractors, vehicles, and lifts. The list goes on and on”...

Belarus, Uzbekistan launching joint ventures to produce medical products
Belarus is ready to make a contribution to the economic upgrade of Uzbekistan and suggests teaming up with Uzbekistani partners to establish modern high-tech companies which products could be sold domestically and abroad...

CCXI assigns Belarus its maiden rating
The agency pointed to the country’s economic recovery after two years of recession, the sustainability of public finances thanks to the fiscal consolidation measures...

Shanghai interested in Minsk’s experience of SME development
Gu Hongxiang, deputy head of the Shanghai Municipal Finance Bureau, noted that Belarus-China relations develop rapidly across the board. He underlined the importance of interaction at the level of individual cities...

Belarusian ailing companies encouraged to explore import substitution opportunities
“I’ve just got back and they are telling me already that holding companies and something else will be established in Orsha. In other words, they want to mix unmatchable things. Don’t waste your time with these holding companies”...

Lukashenko wants Belarusian engines to be as good as world’s best
"I want MMZ to take dramatic steps. It is a nodal enterprise. We cannot be a mechanical engineering country without developing our own engine manufacturing industry. And these engines should be as good as the world’s best"...

Belarus’ external debt down 1.1% to $16.5bn
Since the beginning of the year, Belarus spent $1,592 billion to repay the external debt, including $800 million in eurobonds, $337.7 million paid to Chinese banks, $244.3 million to the Russian government, $176.6 million to the Eurasian Fund for Stabilization and Development...

Plans to expand list of Belarusian enterprises seeking Chinese investments
Government agencies, including the Architecture and Construction Ministry, the state light industry concern Bellegprom, and the state food industry concern Belgospishcheprom, have suggested adding five enterprises to the list...

Belarusian-Chinese Zoomlion-MAZ starts mass-producing country’s largest automobile cranes
The new automobile cranes are assembled at premises of the Mogilevtransmash company in Mogilev. The vehicle borrowed the CIS’ best chassis from the Belarusian automobile engineering company MAZ and modern mounted equipment from Zoomlion Corporation...

Plans for new government program to support SMEs in Belarus
Alexander Turchin underlined that it is quite an ambitious task, including the timeframe. The relevant regulatory act needs to be drafted by the end of the year...

EBRD working towards financing new projects in Belarusian rubles
"Today we estimate economic and macroeconomic potential risks as acceptable. They allow us to invest in the Belarusian economy. We are working hard on the list of potential projects we are going to finance in the local currency"...

Minsk, Tallinn mull over direct flights
The parties considered the main areas of the Belarusian-Estonian bilateral relations. Sven Mikser praised the recent intensification of Belarus-Estonia contacts in diffirent areas...