Business news

EBRD investment in Belarus to exceed €300m in 2018
"This year we have signed deals worth €240 million in Belarus. If another major transaction under an infrastructure project is signed next week, we will reach a record-high of €300 million in annual investment in Belarus"...

Investments in free economic zones in Belarus projected to reach $1bn
“With the investments, which we are going to draw from international financial institutions, the total amount of investments in the free economic zones will reach $1 billion”...

Belarusian agricultural export to earn over $5bn in 2018
"Belarusian agricultural products were shipped to 81 countries in 2017. Now Belarus exports agricultural products to 92 countries. The Agriculture and Food Ministry is working to gradually reduce the share of the Russian market"...

Belarus seeks to double investments by 2025
"We are ambitious. We seek to make it into Top-30 in the Doing Business ranking, to create the EAEU best terms, to increase the total investment in the country to Br53 billion, almost twice the current level, by 2025"...

Andreichenko: Belarus open to any business initiatives
Belarus has significant competitive advantages. These include favorable geographical location, a well-developed transport infrastructure, a high technological level of enterprises, a relatively efficient education system, skilled workforce...

Belarus receives $7.7bn of foreign investment in January-September
The bulk of foreign investment came from Russia (36.3% of all inbound investment), the United Kingdom of Great Britain and Northern Ireland (25.3%), and Cyprus (8.4%)...

Belarusian BelAZ to resume haul truck deliveries to China
BelAZ representatives took part in the 1st China International Import Expo in Shanghai. A contract for delivering a haul truck with the carrying capacity of 360 tonnes was signed then. The truck will be used to transport coal in an open pit in China’s north...

Belarus, WB mull over SME support project
"The banking sector sees prospects in developing small and medium-sized business and offers entrepreneurship promotion lending programs. We provide all possible support to banks in the process and attach close attention to the issue"...

Belarus’ proven potash deposits sufficient for over 160 years
Belaruskali, one of the world's top three potash exporters, is one of the largest taxpayers in the country. Last year, it produced over 46 million tonnes of potassium salts...

Belarus’ arms export to exceed $1bn in 2018
Belarus cooperates with more than 60 countries in the military technical sector...

Sofia to host Belarus-Bulgaria business forum on 20 November
The program of the visit will include business negotiations with potential partners at the forum, and also visits to Bulgarian enterprises and organizations...

Armenia interested in cooperation with Belarus in IT, woodworking
In 2017 Belarus-Armenia trade rose by nearly 33% to over $42.5 million...

Belarus joins SCO Agreement on International Road Transportation
The document is designed to improve road transport between the SCO countries, eliminate the existing barriers in international road transport and to create favorable conditions for international road transport in the SCO region...

Plans to present Monaco’s economic opportunities in Belarus in 2019
According to the source, the first Belarusian-Monacan business forum and a presentation of Belarus’ economic opportunities took place in Monaco on 30 January 2018. An agreement was reached on arranging a reciprocal business forum and Monaco's economic presentation in Belarus in 2019 in combination with a visit of representatives of Monacan business circles to Belarus...

Belarusian steel mill BMZ reports solid export figures
According to the source, this year’s top five importers of Belarusian steel are Russia, Germany, Ukraine, Israel, and Lithuania. BMZ shipped its products to a total of 62 countries in the period...

Belarus’ local economic development project to be signed at GEW Belarus
"We have come to an agreement with the UNDP and the European Union and are set to sign a document to implement the project to promote economic development at the local level that will cover 12 districts of the country"...

Belarusian-Chinese BelGee eager to make 25,000 cars in 2019
The executive said: "After analyzing the market we’ve put together a business plan. It has yet to receive the final approval but we set out to make 25,000 automobiles in 2019. We offer two crossovers and one sedan. All the three models have been tested and presented"...

Belarusian agricultural export to China expected to reach $100m this year
The other day the Belarusian Agriculture and Food Ministry delegation took part in the China International Import Expo...

Belarusian companies sign contracts in Shanghai to deliver petrochemical products
The Belarusian company OAO Naftan and China National Fiber signed a contract for the delivery of $12 million worth of acrylic fiber...

Belarus-China Business Forum at CIIE hailed as successful
Within a couple of days Belarusian companies signed over 15 contracts, memorandums and agreements worth several dozen million dollars...