Business news

FM: Strengthening trade relations are in Belarus, Russia interests
“It is in our common interests to anchor positive trends and secure further development of mutually beneficial trade relations,” Vladimir Makei said...

Belarusian Belagroprombank borrows €50m from EIB for SME development
The size of the loan and the terms are unique. A low interest rate and loyal terms of the loan will allow the Belarusian bank to reduce the financial burden of Belarusian companies as they pay off their loans...

EBRD to earmark €84m to upgrade water treatment plants in Minsk
It is expected that the project will help reduce greenhouse gas emissions by more than 130,00 tonnes per year, the amount comparable to emissions produced by 28,000 cars...

Belarus, Pakistan to develop cooperation in medical tourism
“The parties named one priority area of cooperation, which is the possibility of signing a bilateral agreement to regulate and systemize the Belarusian-Pakistani cooperation in medical tourism, taking into account Belarus’ experience and best practices in the sector”...

German investments open furniture factory in Brest Oblast
The German company Polipol Productions Verwaltungs GmbH rents premises from the local woodworking company OAO Ivatsevichdrev. The German company opened the first shop to make sofas the other day...

Belarus starts exporting poultry meat to China
As much as 207 tonnes has been delivered so far. "By the end of the year we intend to expand the choice of the products we are allowed to sell to China"...

Railways of Belarus, Azerbaijan sign cooperation agreement
The agreement is designed to utilize transport and transit potential of the railway operators with a view to increasing their share on the Eurasian market of railway transportation and logistics services...

Belarus preparing to supply new consignment of military equipment to Azerbaijan
Following the talks between the two leaders a memorandum of understanding was signed between the State Military Industrial Committee of Belarus and the Ministry of Defense of Azerbaijan...

Azerbaijan to open trade centers in Belarusian regions
According to the Belarusian head of state, there is a wide range of Azerbaijani products at the Trading House. "By the way, it is very popular with Belarusian consumers"...

Azerbaijani investments in Belarusian chemical company Grodno Azot under consideration
Apart from that, the Belarus president said he believes there is a considerable reserve in the area of transportation and logistics...

Minsk to host international forum on petrochemistry
The forum, to be attended representatives of the organizations affiliated with Belneftekhim Concern, will discuss the development of the petrochemical industry in the world, export/import potential of cooperation, new technologies in oil refining...

Trial run for engine factory in China-Belarus industrial park Great Stone
The factory will make Euro-5 and Euro-6 compliant engines for trucks, utility vehicles, and buses using completely knocked down (CKD) kits...

First resident company with Chinese capital registered in free economic zone Mogilev
OOO Infen intends to create a complete mushroom farming process flow starting with mycelium seeds and ending with the production of fresh mushrooms...

Mogilev Oblast, China’s Hunan to promote tourism
In part of infrastructure investment projects the Chinese guests were invited to consider possibilities of building hotels, entertainment centers and restaurants in Mogilev Oblast...

IMF points to increasing trust in national currency in Belarus
"The work to reduce dollarization of the Belarusian economy has made some progress. In the past two or three years we have been seeing an increasing trust in the national currency in Belarus"...

China-Belarus industrial park, IFC sign memorandum of understandin
The document is designed to develop innovative technologies and bring considerable international investments into the Belarusian economy. It will facilitate long-term economic growth and the creation of new jobs...

Belarus suggests complex machinery supply to Irkutsk Oblast
“As far as I know, you have plans to purchase modern tractors, grain and forage harvesters and are implementing a large-scale program to promote agriculture. Therefore, we suggest considering our famous companies MTZ and Gomselmash as main suppliers of farm machinery to Irkutsk Oblast"...

Belarusian and Chinese banks plan to develop cooperation
The parties discussed self-regulation in the banking and finance industries and reviewed promising areas of investment cooperation and interaction in training, organization of joint events...

Belarusian-Chinese car factory rolls out restyled Geely Emgrand 7 sedan
The restyled version boasts more expressive headlights, a proprietary false radiator grill, and a powerful bumper with specific aerodynamic elements. The salon of the car has been refreshed as well...

Belarus invites Egypt to produce drones together
Vladimir Andreichenko named agriculture, IT, healthcare and education among other promising areas of cooperation...