Business news

Belarus to increase meat exports to Russia by 11% in 2019
Dairy export will also increase to 3.7 million tonnes (up 2.6%). Such an agreement was reached by the agriculture ministries of Belarus and Russia and will be confirmed by the balance sheets that the parties are set to sign during the forum...

Thailand wants direct supplies of Belarusian products
At present Belarusian products reach Thailand’s market mostly through Vietnam. Koranun Sukonritikorn emphasized that it is necessary to consider direct supplies of products from Belarus...

New Belarus-Russia lift to go on show at Forum of Regions in Mogilev
Several months ago an agreement was signed to set up a joint company between Mogilevliftmash and a Moscow company. The finished product will be released this year. Plans are in place to produce up to 10,000 lifts a year...

Belarusian nuclear power plant’s first reactor’s physical launch scheduled for March 2019
"We are supposed to go ahead with the physical launch of the reactor unit in March 2019. It means the fuel will be loaded into the reactor and tests will begin. We should get connected to the national power grid in mid-2019"...

Belarus attends annual meeting of IMF, WB governing boards
“Belarus traditionally takes part in this high-level forum using it as a platform to coordinate the positions with senior executive management of the international financial organizations on topical issues of bilateral cooperation”...

Belavia launches direct flight to Chisinau
"Belarus is one of the ten major economic partners of Moldova. We hope that the direct flight will help foster closer business contacts between the two countries, increase transit flows and establish Minsk National Airport as an international hub”...

Belarus’ export 18.3% up in January-August
Belarus’ trade in merchandise and services totaled $54.2 billion, 19.1% up from January-August 2017. Export amounted to $27.4 billion, with import going over $26.8 billion (19.9% up)...

Belarus negotiating lower interest rate on Russian loan for nuclear power plant construction
According to the source, the negotiations are proceeding at the level of the finance ministries. The Belarusian Finance Ministry is busy forming an additional package of documents, which will be forwarded to the Russian side soon...

IMF revises upward Belarus’ growth forecast
According to the IMF, Belarus’ economy will expand by 4% in 2018 and by 3.1% in 2019. Earlier, the fund projected Belarus' GDP growth at 2.8% in 2018...

Belarus’ government provides loan guarantees to Khalifa Fund
The matter pertains to $25 million loan to expand access to finance for micro, small and medium-sized companies in Belarus...

Direct flight to connect Minsk, Dubai
Flights will be operated on Wednesdays using Boeing 737-800. The journey will take 5 hours 30 minutes. The number of passenger seats is 189. The aircraft will depart from Minsk at about 9:00...

Myasnikovich calls for coherence in protecting agribusiness of Belarus, Russia
Speaking about the prospects of Belarus-Russia cooperation in the agricultural industry, Mikhail Myasnikovich noted that in the future the two countries should work together to meet the needs of the common agricultural market and boost the export of agricultural products and foodstuffs...

IAEA experts eager to study Belarusian nuclear power plant construction record
"The purpose of the IAEA mission is to evaluate your readiness to respond to nuclear and environmental emergencies. The team includes representatives of various countries. We have our own national experience, good knowledge of international recommendations"...

Minsk to host tourism industry representatives from four countries on 12-14 October
Minsk will present its tourism potential at the 5th Forum of Regions of Belarus and Russia in Mogilev and the First China International Import Expo in Shanghai...

Plans to present China-Belarus industrial park projects before OSCE PA Silk Road Support Group
The Minsk conference will be dedicated to the potential of cooperation in the region, including Belarus’ capabilities as an important link within the framework of forming the Silk Road Economic Belt...

Belarus set to increase tourism revenue to $250m by 2020
Belarus is determined to increase revenue from inbound tourism up to $250 million by 2020. The task was set out in Council of Ministers’ Resolution No. 709 as of 2 October 2018 that introduces amendments to the Welcome To Belarus state program set to run till 2020...

Belarus’ gold, forex reserves total $6.93bn
In September 2018, the country’s gold and foreign currency reserves went down by $320 million (up 4.4%) following the August growth by $216.2 million (3.1%)...

New company in China-Belarus industrial park Great Stone to make medical products
The enterprise will export about 90% of the output to the European Union, the Eurasian Economic Union, the Commonwealth of Independent States, and Middle East countries. Initial investments will exceed $5 million. The project provides for creating over 100 jobs...

Belarus eager to export more electricity to EAEU market after launching nuclear power plant
Belarus pursues a multiple-vector policy in matters concerning the export of electricity. The deputy energy minister pointed out that Belarus successfully trades in electricity on the Baltic market via the Nord Pool exchange...

Belarus-Irkutsk Oblast trade up 44% in H1 2018
The region signed cooperation agreements with Brest Oblast, Vitebsk Oblast and several companies from Mogilev Oblast. Belarusian company Belshina has a trading house in Irkutsk...