Business news

Belarus to attend World Investment Forum in Geneva
The same day Pavel Utyupin will present Belarus’ efforts to improve its investment climate at the session "Talking Business: Eastern Europe and Central Asia"...

Minsk, Shanghai mulling over direct air service
Chen Xi, Deputy Chairman of the People's Government of Shanghai’s Pudong New Area, the Deputy Director of Shanghai Pilot Free Trade Zone Administration, noted there is a mutual interest in developing cooperation in economy, tourism, education, and culture...

Contracts worth $2.1m signed during forum of Brest sister cities
The event is attended by business representatives of Belarus, delegations from 13 countries. Some 20 cooperation agreements in various fields and contracts worth $2.1 million were signed during the forum...

Large-scale Belarus expo in Uzbekistan on 14-19 September
The exhibition will feature more than 100 flagship enterprises: BelAZ, MTZ, Belshina, Belarusian Forest Company, Beryozastroymaterialy, Adani, BelOMO, Conte Spa, Kommunarka, Babushkina Krynka, Belryba and others...

Cote d’Ivoire wants to sell cocoa beans to Belarus via BUCE
More and more companies choose to sell and buy via the exchange. All in all, 19,500 companies got accredited with the BUCE, including 4,000 foreign companies from 60 countries...

Tourist arrivals in Grodno Oblast up by 20% in January-June
In H1 2018, the region welcomed over 132,000 tourists, including more than 45,000 foreign nationals...

Belarus aims for 20% increase in export of medical services following new visa-free travel rules
With the extension of the visa-free travel program, Belarus got the opportunity to expand the range of medical services and thereby increase revenues. “We are planning to earn about $40 million on exports of health services”...

Belarusian antibiotics to be certified for exports to U.S.
The plant is gearing up to have its antibiotic sterile packaging line certified for compliance with the FDA’s GMP requirements...

Belarus, Uzbekistan to set up joint venture to produce medical products
He noted that the same scheme will be used in other countries, for example, in Georgia and Tajikistan. This is in keeping with modern trends: foreign partners are interested not only in direct supplies, but also in establishing joint ventures with Belarusians...

Belarus to manufacture traditional Chinese medicines
The medicines will be sold in Belarus and abroad. Traditional Chinese medicines are popular in western countries. At the same time, one of the primary goals of the project is to saturate the Belarusian market with such products...

Belarus harvests 1 million tonnes of grain
Brest Oblast harvested 163,500 tonnes, or 48.6% of the area, Grodno Oblast – 94,400 hectares, or 28.7%...

Belarusian manufacturers of space equipment exempt from income tax
In accordance with the decree, space engineering is a branch of science and the manufacture of onboard instruments, complexes and systems meant for outer space...

Belarusian and Chinese youth to develop joint business projects
For example, the parties are planning to set up a Belarusian-Chinese youth business incubator soon. “This will help engage youth in entrepreneurship more actively, develop successful business projects and attract investment”...

RAEX agency confirms ‘B’ rating for Belarus
The outlook is positive, which means that the rating score is highly likely to be upgraded in the mid-term perspective...

Fitch affirms Belarus at 'B'
The agency noted that Belarus' recovery has been stronger than anticipated. Growth reached 2.4% in 2017 and could accelerate further to 3.5% in 2018 supported by reduced external financing constraints...

Belkommunmash mulls over electrobus production in Egypt
The talks included a presentation of the Belarusian passenger machinery. The parties discussed possible supplies and joint production of electric buses and trams in Egypt to modernize the public transport system...

BelGee sets out to become Belarus’ top 5 car dealer
“With one model with several affordable sets of options we’ve become a top 10 car dealer in Belarus. It was Geely Atlas. We now intend to become a top 5 car dealer”...

Belarus might supply products to China via commodity exchange
The Chinese corporation views Belarus as part of the common market of the Eurasian Economic Union. Therefore, the commodity exchange can become a link between China and the EAEU attracting the bulk of commodity flows...

China Aerospace Science and Technology Corporation to open research center in Belarus
During the meeting the Chinese side made a presentation of the corporation and its lines of business, voiced plans to set up a research center and to consider new joint ventures in various areas...

Belarusian specialists searching for gold in Sudan
In addition to geological prospecting work Belarus and Sudan cooperate in other areas, too. "We are also working on developing a technology for gold enrichment without mercury"...