Business news

SIDA considering SME project in Belarus
It was suggested to explore the options for the integration of SIDA project activities with Belarus’ efforts in achieving the Sustainable Development Goals, the National Human Rights Action Plan...

Belarus interested in Finnish presence in robot technology, petrochemical industry
“First of all, we would like to draw attention to microelectronics, robot technology, bio- and additive technologies, petrochemical industry, and modern woodworking industry,” said the MP...

Belarus, Russia’s Astrakhan Oblast to cooperate in tourism
Sergei Kovalchuk stressed that Russia is a popular travel destination for many Belarusians and Russians show great interest in Belarus...

EBRD lends Br20m to MTBank, BNB Bank each to finance SMEs
The loans came from international investors. The EBRD raises monetary assets in Belarusian rubles and channels them into Belarus’ domestic market...

FEZ Grodnoinvest exports up 57% in H1 2018
The export statistics in the first six months of 2018 confirmed the upward trend for FEZ Grodnoinvest supplies abroad. In addition, the geography of supplies expanded to 69 countries...

China-Belarus industrial park Great Stone companies to start making lasers, diesel engines this year
"We expect another two manufacturing facilities to be commissioned by the end of the year. They will make laser equipment and diesel engines. The first one is being built by an American investor, the second one by OOO MAZ-Weichai"...

Supercapacitor factory opens in China-Belarus industrial park Great Stone
“It is the first research and manufacturing project in the industrial park. The products will be used in Belarus and exported later on.” Plans have been made to export supercapacitors to Russia, Ukraine, other Eurasian Economic Union and European states...

Russia’s Astrakhan Oblast shows interest in MTZ compact tractors
The delegation of Astrakhan Oblast visited the company during an official visit to Belarus. The guests got acquainted with the plant’s product lineup...

Belarus earns Br6.7m from ‘Google tax’ in H1 2018
As many as 48 foreign companies have been registered with the Belarusian tax service to pay the “Google tax”. The number includes Google, Amazon, Apple, Netflix, Linkedin, Booking, Uber, Wargaming, Viber, and Microsoft...

Belarus to sell more beef to China
Leonid Zayats met with top executives of the China Meat Association (CMA), Great Silk Road Company, and Chengdu Haiyunda Company...

Belarus, China mulling over inter-publishing center
During the talks held at the Beijing International Book Fair, the Chinese party suggested setting up a Chinese editorial board at Mastatskaya Litaratura...

Russia’s Astrakhan Oblast shows interest in Belarusian electric buses
“We are interested in electric transport. Perhaps we will decide on the matter in autumn. We are currently in talks on electric buses. Today we have seen Belarusian electric buses”...

Belarus eager to help extract Russian oil on Caspian Sea shelf
“The Belorusneft enterprise has vast experience of geologic exploration and oil extraction. It can get involved in the planned development of raw hydrocarbon deposits on the Caspian Sea shelf”...

Limit on DBRB bond issuance up 3.7 times
According to the document, the limit on the issuance of bonds by the Development Bank for 2018 was increased from Br225 million to Br825 million...

Belarus’ central bank’s currency exchange policy to stay flexible in 2019
“We intend to keep inflation under 5% (December against December of the previous year). With this in mind we will use monetary targeting. In other words, we will control the broad money supply”...

Belarus’ export of services projected at $9.7bn in 2019
Investment and exports will remain the main growth drivers in Belarus in 2019. Investment should be outpace the GDP growth about two times...

Belarusian MAZ to design bus for African roads
According to the source, this suburban-service bus will be designed bearing in mind peculiarities of African countries. It will be able to move along various roads, including unpaved ones...

EBRD to offer loans in Belarusian rubles
An agreement on opening credit lines in Belarusian rubles for MTBank and Belarusky Narodny Bank (BNB Bank) will be signed on 30 August. Thus, for the first time on record the EBRD will provide funding in Belarusian rubles...

Belarus suggests joint companies to Russia’s Astrakhan Oblast
According to Mikhail Myasnikovich, regional cooperation is the pillar of bilateral cooperation between Belarus and Russia. At the same time, he called the joint companies an instrument to develop it...

Belarus, China in negotiations on joint satellite project
"We regularly discuss possible joint projects of interest to both countries with the Chinese side. The matter is closely monitored by the two sides. Negotiations are underway, including on the joint creation of a space satellite"...