Business news

Schematic design of Belarusian-Russian remote sensing satellite ready this year
"Decisions on key technical systems and their interaction are being made. Apart from that, various options for commercializing the project are being discussed"...

Serbian Valjevo, Belarus’ Molodechno to promote direct contacts between economic entities
Serbian city of Valjevo and Belarus’ Molodechno will actively promote direct contacts between economic entities, Ambassador Extraordinary and Plenipotentiary of Belarus to Serbia Valery Brylev said as he visited the town of Valjevo, which is the sister city of Molodechno...

ZTE activities in Great Stone discussed in Shanghai
The parties discussed the ZTE activity in Belarus and the corporation’s advances in the development of breakthrough telecommunication solutions that can be used in government, healthcare, transport and communications...

Belarusian Steel Works’ exports up 35% in January-July 2018
In January-July 2018 BMZ exported 1.14 million tonnes of metal products worth more than $724 million. The export growth made up 135% from the same period in 2017 in money terms and 105.5% in volume terms...

Push to sell Belarusian poultry in European Union
Apart from that, Belarus counts on expanding the entire list of products authorized for export to the European Union and the resulting increase in mutual export and trade turnover...

International experts to look into SME credit guarantee fund possibility in Belarus
As part of the consulting assistance program meant to support entrepreneurship and economic development in the Republic of Belarus the International Finance Corporation (IFC) will evaluate the possibility of creating a guarantee fund in the country...

Access to EU food market for Belarusian products discussed in Minsk
Belarus’ Deputy Minister of Foreign Affairs Oleg Kravchenko met with European Commissioner for Health and Food Safety Vytenis Andriukaitis in Minsk on 27 August...

Heads of 80 Shanghai companies to attend business forum in Minsk
Valery Matsel made a presentation of the economic potential of Belarus and the Industrial Park Great Stone to the Shanghai companies that are going to come to Minsk...

Belarusian BelAZ to supply haul truck components to China
Representatives of OAO BelAZ and China Datang Corporation (CDT) signed a contract for the delivery of components for Belarusian haul trucks to the tune of over $360,000 in Beijing...

Harvest campaign in Belarus over
As of 27 August, grains and legumes were removed from the area of nearly 1.97 million hectares. All in all, the country harvested 5.19 million tonnes of grain (7.18 million tonnes on the same date last year), with an average yield of 26.4 centners per hectare (35.7 centners per hectare last year)...

Agreement on compensations for Belarus after Russian oil industry taxation adjustments
Belarus’ social and economic development forecast for the year 2019 fully takes into account the negative consequences of the second stage of Russian oil industry tax adjustments, which are due to come into force on 1 January 2019...

Good progress on building Belarusian nuclear power plant
“The readiness of the Belarusian nuclear power plant is reflected by an integrated indicator resulting from a complicated formula. The first unit is at 80% completion while the second one is close to 60%”...

Belarusian MAZ to increase shipments to Africa by 10% in 2018
“Our vehicles are more expensive than Chinese ones but thanks to the value for money ratio we are competitive in Africa now”...

Belarusian automaker MAZ to consider assembly enterprises in Angola, Algeria, Nigeria
Nigeria is part of the Economic Community of West African States (ECOWAS). If an assembly enterprise is set up in Nigeria with localization in excess of 40%, the end products can be freely traded in other ECOWAS countries, noted the executive...

Nigeria shows interest in Belarusian automotive equipment
"We are interested in mining machinery, tractors, and MAZ vehicles. We have already visited four Belarusian plants. We can see that Belarusian equipment is competitive both in terms of price and quality"...

Belarus ready to help Ecuador mechanize farming sector
The diplomat held a presentation of Belarus’ economic, agricultural, scientific and technical potential, talked about the activities of the branches of the Belzarubezhstroi and Belorusneft companies in Ecuador...

Belgian aid for breeding elite cattle, pigs, poultry in Belarus
In particular, sale of Belgian flax harvesters was mentioned as well as the establishment of a pilot farm in Belarus for breeding elite varieties of cattle, pigs, and poultry with assistance of University of Liege...

Belarus, Russia to sign $500m worth of contracts at 5th Forum of Regions
About 50 agreements are currently under consideration, including 20 between the government of Belarus and the governments of the Russian regions and 29 interregional agreements...

Plans for digital transformation of Belarusian agriculture explained
Leonid Zayats pointed out that the development of agriculture has acquired a new meaning in informatization conditions. "Agribusiness has become a high-tech branch of the economy"...

Shanghai Nuclear Power Office representatives visit BelNPP
The Chinese delegation led by Deputy Director of the Shanghai Municipal Economic and Informatization Commission Wei Ping got familiar with the exposition of the BelNPP information center...