Business news

Belarus, Ukraine sign $10m worth of documents at Advisory Council meeting
Belarusian products are in demand on the Ukrainian market, President of the Ukrainian Chamber of Commerce and Industry Gennadiy Chyzhykov told the media. “The Made in Belarus brand means high quality. Ukrainian consumers know it"...

Belarus, Ukraine to discuss cooperation in pharmaceutics
The talks will be held in a form of a roundtable session in Gomel. Belarusian pharmaceutical companies will present their products and export capacities and will put forward cooperation proposals to Ukrainian pharmaceutical companies...

World Bank ready to help harmonize government procurement system in Belarus
During the visit Krish Krishnakumar said he believes that the introduction of a state information and analysis system for managing government procurement in Belarus would help consolidate information about ongoing procurement procedures ...

Belarus, Turkey continue working to organize freight transportation along Dnieper River
A deep-water port is supposed to be built near the village of Nizhniye Zhary, Bragin District, Gomel Oblast as part of the project...

Turkey suggests increasing flight frequency between Istanbul and Minsk
“The time has come to increase the frequency of flights between Istanbul and Minsk from 5 flights per week to 7. We also wish to see Turkish Airlines and Belavia strengthen cooperation,” the ambassador said...

Belarus’ food exports to China up 5 times over eight months
"China is opening up its market; our food supplies to this country skyrocketed five times over eight months this year; exports of milk jumped nine times. In Europe and in the CIS we are the only one who has gone all the way to certify beef and poultry products in China"...

Technical barriers in trade to be discussed at Forum of Regions of Belarus and Ukraine
The conference will gather over 120 specialists across various economic sectors...

Belarus in favor of permits-free system for road freight in EAEU
According to the agreement signed by the EAEU member states, such permits will not be needed as from 2025. “We would like this agreement to become reality by 2025. It would be great if this happens even earlier,” Anatoly Sivak said...

Minsk National Airport to open second runway in early 2019
The official said: “The runway will be opened in 2019 when air temperature climbs above zero. We need time for certification and tuning”...

Kommunarka confectionery plans to make inroads in US national retail chains
"We have made regular shipments to the United States. We have never left that market. But those are shipments for stores in the Russian-speaking communities. We have a network of such stores. Krasnaya Shapochka, Alenka, Stolichnye and other candies enjoy high popularity"...

New terminal to be built at Minsk National Airport
“We have a problem: two months this year and last year the airport welcomed more passengers than the existing terminal could handle. The terminal capacity makes up 5.8 million passengers. In June and July the air travel exceeded the available terminal capacity”...

Fast tram might connect Minsk and Great Stone park
"The Transport and Communications Ministry, for example, suggests building a rolling stock for a fast tram along the center of the road or along the separating strip, so that it will be not just an automobile road"...

Belavia may launch hand baggage-only fares within six months
“I cannot name the concrete dates and I think this will happen within the next six months. It takes time to amend the law,” the minister said. He explained that there is no necessary legislation for this service in the country...

Belarusian banks promised ability to sign smart contracts
“We believe it would be important to allow banks to sign smart contracts considering the innovative nature of the domestic banking industry and the central bank’s involvement in the assimilation of technological innovations”...

Belarusian ID cards might be used for payments
As BelTA reported earlier, ID cards and biometric passports will be available in Belarus starting from 1 January 2020...

Belarus, Ukraine to discuss river navigation at regional forum
The panel discussion which will be attended by representatives of ministries and departments, businessmen of the two countries, will highlight investment projects for the construction of a river port and port infrastructure near the village of Nizhniye Zhary, Bragin District...

Belarus’ central bank plans to launch instant payments service in 2019
“This is a basic project for many countries. It will improve payment services for businesses and individuals as payments will be made in real time,” Dmitry Kalechits said...

Brest Oblast to conclude $5m worth of contracts at Belarus-Ukraine regional forum
There are also plans to sign three interregional agreements at the forum. The Brest Oblast Executive Committee will conclude agreements on trade, economic, scientific, technical and cultural cooperation with the Volyn, Zaporozhye and Rivne regional state administrations...

Belarus may set uniform retail prices for some alcoholic beverages
"We made the proposal to strengthen state regulation of the most common types of alcoholic beverages (following in footsteps of a number of other countries). We suggested setting a minimum entry price, a uniform trade markup and, therefore, a uniform price in retail"...

Forum of innovative companies, startups due in Minsk on 13-14 November
"The exhibition-forum will offer an intensive immersion into the startup-ecosystem of Belarus. Participants will be able to mingle with decision-makers representing companies that generate innovation and technologies in the country and the world"...