Business news

Electric motorcycles, electric quadbikes in development in Belarus
"Now our products have to go through the testing and certification process. Batch production will begin after that and Belarusian individual electric transport will be available in retail"...

Silicon Saxony shows interest in Belarusian software
For his part, Sebastian Gemkow noted that Belarus has a reputation of an IT-country.“It would be a great idea to combine efforts and produce computer equipment in Silicon Saxony with software developed in Belarus”...

Belarus reduces export duties on oil, petroleum products
On 1 August 2018 Belarus reduced customs duties on oil and petroleum products, which are exported beyond the customs territory of the Eurasian Economic Union (EAEU)...

Chinese contractor hands over maintenance of Vitebsk hydropower plant to local electric company
According to the source, the Vitebsk hydropower plant is the country’s most powerful hydropower plant. It comprises four turbines with the total output of 40MW. Its designed annual output is supposed to satisfy needs of all consumers in Vitebsk District...

Plans to set up Belarusian-Uzbek light industry joint ventures discussed
The establishment of joint ventures in Uzbekistan was discussed. The sides talked over cooperation in leather and footwear industries, cooperation in delivering popular Belarusian products to Uzbekistan and in shipping Uzbek products to satisfy needs of Bellegprom enterprises...

Belarusian companies no longer required to sell forex proceeds
Once commercial entities no longer have to sell part of their foreign currency proceeds, the competitive ability of Belarusian exporters will be bolstered...

Beijing’ tourist industry presented in Minsk
This presentation is designed to tell more Belarusian tourists about the Chinese capital, a representative of the Beijing municipal tourism authorities said...

Plans to sell Belarusian government bonds in Russia in 2018-2020
The Belarusian Finance Ministry intends to penetrate the Russian market as part of the efforts to diversify the investor base and borrowing instruments...

Poland’s Lodz Province to cooperate with Belarus’ Vitebsk Oblast in agriculture
According to Marek Mazur, the Polish delegation has come to learn more about the agriculture and food production industries in Vitebsk Oblast and is going to visit some local farms...

British private sector interested in cooperation with Belarusian Borisovski DOK
The British side expressed interest in cooperation with the company. Negotiations are underway. Details of delivering the first few batches of merchandise to the UK are being worked out...

Belarus’ external debt down 1.7% in January-June 2018
As of 1 July 2018, Belarus’ external debt totaled $16.4 billion, down by $288.2 million or 1.7% from the beginning of the year (taking into account differences in currency exchange rates)...

Belarus’ Gomel Oblast increases exports to African continent
“The share of supplies to the African continent has increased: the first batches of our dairy products went to Sudan. Togo is showing interest in our products, too,” said Andrei Konyushko...

Minsk airport reports record passenger numbers in July
Monthly passenger traffic at Minsk National Airport in July 2018 exceeded half a million passengers...

Belavia, Ural Airlines sign codeshare agreement
Belavia Director General Anatoly Gusarov praised the codeshare agreement with Ural Airlines. He noted the agreement opens up new travel opportunities for Belavia clients...

Belarus harvests over 2 million tonnes of grain
As of 30 July, Belarus harvested 713,700 hectares planted to cereal and leguminous crops, which is 33.4% of the sown area...

Bellegprom, Belfa, F.lli Campagnolo intend to cooperate
The letter of intent on cooperation was signed between the Belarusian state light industry concern Bellegprom, OAO Belfa (Zhlobin) and Italy’s F.lli Campagnolо S.p.A.” Bellegprom said...

Belarus aims for $100m in agricultural exports to China in 2018
“Last year we exported $17 million worth of agricultural products to China. We believe that this is not enough as the market is very big. We aim for $100 million in agricultural exports to the People's Republic of China in 2018”...

Belarus plans to step up cooperation with CITIC Group in agriculture
"During today’s negotiations at the Agriculture and Food Ministry we have invited CITIC Group to take part in five projects. They include beef processing, poultry breeding and poultry supplies to China in line with the corresponding agreements and certification"...

Belarus’ Development Bank raises €596m in foreign loans in H1 2018
The Development Bank also prepared for the use of the credit line from the World Bank issued for a project to increase access to financing for micro-, small and medium-sized enterprises in Belarus...

Belarusian Biotechnology Corporation starts building high-tech agricultural company
“An exporting and import-substituting company will spring up here three years from now. It is designed to meet the needs of cattle breeding companies for essential amino acids and boost the country’s export potential”...