Business news

Assembly of Belarusian nuclear power plant’s first unit’s reactor begins
Specialists have finished flushing active and passive safeguards of the open reactor as one of the most important stages of the assembly process. Flushing was done to check the flow in the pipes connecting primary circuit equipment...

Belarus concludes $539m worth of export contracts at 5th Forum of Regions
"I would like to emphasize that these are not export/import contracts, but the contracts of Belarusian exports only. 79 agreements were signed to boost cooperation between the regions of Belarus and Russia," said Mikhail Myasnikovich...

Lukashenko invites European elite, business to expand contacts with Belarus
"Robust credit and investment cooperation, assistance with the ongoing upgrade of our manufacturing and agricultural industries – this is what we need to strengthen our sovereignty and independenc"...

Belarus to use S. Korea’s expertise in digital transformation of economy
They will also work out recommendations on digital transformation of the Belarusian economy and the roadmap to implement the transformation program in the manufacturing sector...

Belarus seeks to boost export to EU
"We are an export-oriented country with an open economy. We have set a task to diversify our export. One of our strategic priorities is naturally entering the European Union market and securing a foothold there"...

IMF mission to arrive in Belarus in November
“Our negotiations with the IMF are on extended pause. A regular mission will arrive in November for Article IV consultations in order to evaluate our economy. Certainly, we will talk with the experts to once again review all the matters during the mission”...

Space industry, IT, BelNPP named Belarus’ future growth points
“We need growth points. It is not enough to build a plant today. The world has been rapidly developing in certain areas. We are currently busy with the things which will be vital in future. This is the energy sector and renewable energy resources”...

Belarusian steel mill BMZ ships first rebars to Panama
BMZ works hard to penetrate the Latin America market. In September 2018 ICONTEC audited BMZ and issued three certificates of compliance for shipping reinforcing bars to Colombia. The first few contracts have been signed already...

Belarusian Oil Company eager to up export to Ukraine up to $2.2bn in 2018
According to the source, the Ukrainian market is a strategic one for Belarusian oil refineries. Speaking about products in demand in Ukraine, Mikhail Puchilo mentioned diesel fuel, gasoline, and jet engine fuel...

Belarus, Japan make plans for new projects in microelectronics, robot technology, IT
Hydrogen energy is another promising sphere of cooperation. Taking into account the future launch of the Belarusian nuclear power plant Belarus is interested in Japanese technologies for storing hydrogen. "Japan is a world leader in hydrogen energy"...

Belarusian automaker BelAZ to ship extra 20 haul trucks to Ukraine in 2019-2021
The Ukrainian company will get an extra shipment of about 20 haul trucks with the carrying capacity of 130 tonnes and 15 wheeled bulldozers BelAZ 78231. The additional shipment agreement was signed on top of the strategic cooperation agreement BelAZ and Metinvest Holding signed back in 2017...

Belarus to supply new batch of wooden houses to France
The Domostroenie branch of Newsprint Mill from Shklov is set to sign an agreement with the French company SARL Logibat to supply about 60 sets of frame-panel houses to the tune of €1 million to France in 2018-2019...

Great Stone park to be presented at World Investment Forum in Geneva
Participants of the session “Special economic zones: Challenges and opportunities” that will be held on 26 October will be able to learn more about advantages and operation terms of the Great Stone park...

President upholds proposal to scrap decree on pseudo-entrepreneurship
"We suggested considering a possibility to abolish Decree No. 488 and simultaneously incorporate regulations against pseudo-entrepreneurship into other legal acts. The president upheld this initiative"...

Belorusneft signs contracts worth €10.36m with Ukrainian Ukrgasvydobuvannya
The memorandum on expanding cooperation and strategic partnership mentions hydrocarbon extraction, seismic exploration, drilling and overhaul of wells in Ukraine as well as the delivery of oil equipment made by the Belarusian industrial group...

Belarusian Belkommunmash to sell 29 trolleybuses to Ukraine in 2019
Belkommunmash has contracted to deliver 29 Model 321 12-meter-long trolleybuses worth €5.5 million to the Ukrainian city of Ivano-Frankovsk. The company intends to ship the trolleybuses in March-April 2019...

Israel, China keen on Belarusian ice cream
The executive said: “Our ice cream has sparked interest in Israel and China. We have already made up our minds on the choice of products with Israel. We’ve received three partnership proposals from China”...

Belarus interested in World Bank experience of government procurement system development
"The principles the work is done in Belarus are similar to the approaches and practices of the World Bank – openness and accessibility to the procedures for all participants"...

Gomel Oblast-Ukraine trade up 25% year-on-year
About 150 enterprises of Gomel Oblast export their products to the neighboring country. Ukraine buys fertilizers, liquefied gases, fuel, rye flour, meat and dairy products...

Series of roundtable sessions on Belarus’ accession to WTO to end in Minsk on 2 November
The discussions focus on topical aspects of the negotiation process, advantages and risks of WTO membership, rules of the game in conditions of a multilateral trade system...