Business news

100 Belarusian stores to open in China before yearend
"A network of stores of Belarusian products under the Belarus Commodity Center brand has been developed by China’s Guangdong Xinjinlai Trade from Guangdong Province. This store has become the second in the network"...

Plans to open Georgian trading house in Minsk by year end
It will offer the best Georgian food and wines. Food samplings will be arranged. Genuine Georgian cuisine will be offered. The interior design is being worked out now...

Impact of Russia’s VAT increase on Belarus’ exporters analyzed
“On the one hand, the price rise on the Russian domestic market provides a good opportunity for us to get more foreign currency revenues. On the other hand, if prices go up, this might somewhat hurt demand for our products on the Russian market”...

BUCE, UNECE to develop cooperation in paperless trade
According to leading UNECE expert on e-government Eamonn Sheehy, the digital infrastructure developed by BUCE can be integrated with the National Paperless Trading System to provide for an operative and secure exchange of information with stakeholders...

State-run retailer in Orsha District to go bankrupt
Belarus President Alexander Lukashenko instructed Chairman of the State Control Committee Leonid Anfimov to set up a working group to examine Belkoopsoyuz’s operation in Orsha District from the point of view of the services the residents receive...

EU to allocate €1m to fund upgrading of Bruzgi, Berestovitsa checkpoints
The grant contract on the international technical aid project was signed by the Grodno Oblast Customs and the European Union...

Lukashenko wants Orsha Meat Packing Plant to become one of industry leaders by 2020
“Things should change by 7 November 2020. Resources should be allocated, a new slaughter floor should be set up and this [old buildings] should be demolished. The enterprise should be turned into a modern company that is on par with the best meat packing plants”...

EDB to help implement Rosatom’s projects in Belarus, other countries
Head of the EDB project division Vsevolod Smakov noted that the bank is ready to assist Rusatom International Network with the implementation of high-tech projects in the area of power engineering and production sector in Armenia, Belarus, and Central Asia...

Work in progress to drop roaming charges in Belarus-Russia Union State
The efforts seek to reduce roaming-related costs for users, and thus to increase business and tourist activity, the ministry added...

Belarusian Potash Company signs contract on supply of new potash fertilizers to China
Director General of Belaruskali Ivan Golovaty noted that the signing of the new memorandum is a further acknowledgement of the fact that the company’s product is highly-demanded on the Chinese market...

Brest Oblast to scale up contacts with Uzbekistan’s regions
"Uzbekistan is one of our key partners in Central Asia. We are interested in forging long-term partner relations in trade, economy, social sphere and culture"...

Belarusian MTZ eager to assemble tractors in Nigeria with reliable partner
The possibility was discussed as Ambassador of Nigeria to Russia with concurrent accreditation to Belarus Steve Davies Ugbah visited MTZ...

Confidence in Belarusian Gomselmash’s ability to reach new heights
“Well done, Gomselmash has a future. We will definitely keep the enterprise running. I am confident we will raise it to new heights if only you do your jobs”...

Belarus president dismisses possibility of Gomselmash sale
“I am not ready to sell the controlling interest. It is unlikely to happen as long as I am the president. It is a state-owned enterprise and it should be run by the state”...

Belarus president examines new harvester powered by gas engine fuel
The head of state was told that the gas engine harvester is slightly more expensive than conventional ones, however, it saves a lot of money by burning a different kind of fuel...

Instructions given to launch large-scale vehicle modernization program in Belarus
According to the head of state, the program should primarily cover vehicles made by Belarusian giants such as MAZ, MTZ, and Gomselmash...

Belarus’ exports of goods, services up 19.4% in H1 2018
Belarus' foreign trade in goods and services totaled $40.1 billion, up 20.7% from January-June 2017...

Chinese company plans to buy Chetvertinsky Palace in Grodno
If successful at the tender, the Chinese company plans to reconstruct the palace. It may include a restaurant, a hotel, and business premises. It is possible that a center of traditional Chinese medicine will be opened there...

Russia’s Saratov Oblast mulls over MTZ tractor production
Farms in Saratov Oblast use more than 7,000 MTZ tractors, or about 40% of the total number of tractors in the region...

Belarus-Sweden trade up 30% in H1 2018
The Belarusian export grew 73.1% to make up $24.4 million. The supplies of Swedish products to Belarus increased by 16.7% to $59.4 million...