Business news

Inflation in Belarus at 0.4% in June 2018
In June 2018 the index of consumer prices for goods and services totaled 100.4% as against May 2018 and 102.9% as against December 2017...

Russian restrictions on Belarusian dairy exports ruled unlawful
Belarus and Russia are ready to lift restrictions from dairy trade. The relevant roadmap will be implemented to make it happen...

Chinese investor to set up woodworking, furniture enterprises in FEZ Vitebsk
The administration of the free economic zone (FEZ) Vitebsk and the Chinese company Blue Lotus have signed an agreement of intent to set up furniture making and woodworking enterprises in the free economic zone...

EBRD ready to support E5P grants for Belarus with €45m in loans
“Apart from that, we would like to scale up cooperative relations in central heating and implement projects in transport and street lighting,” Lin O'Grady said...

E5P might allocate €17m in grants for green projects in Belarus
Dmitry Matusevich specified that these are the resources of the European Union (€10 million), Sweden (€5 million), Germany (€1 million), Poland (€150,000), and Estonia (€60,000). Belarus also contributed €1 million...

Belarus plans to expand range of agricultural exports to China
"Our poultry farms have been certified to supply chicken carcasses to China. Now we are negotiating the supplies of chicken cuts to the Chinese market. We will continue the work in this area"...

Plans to raise Belarus-Turkey trade to $1bn by year end
The plans were discussed as Chairman of the Council of the Republic of the National Assembly of Belarus Mikhail Myasnikovich met with Turkish Prime Minister Binali Yildirim in Ankara on 9 July...

Belarus Development Bank to raise Br245m in share capital
The share capital will be increased using the surplus of the national budget that was posted on 1 January 2018...

Belarusbank opens branch in China-Belarus industrial park Great Stone
"It is a particularly important branch because it will become the face of the entire bank not only in the industrial park but for all our present and future partners from China. The design of the branch mixes universality with comfort and technology"...

Camp for construction workers now available in China-Belarus industrial park Great Stone
Head of the Administration of the China-Belarus industrial park Great Stone Alexander Yaroshenko also pointed out that the creation of the construction camp is a major event for the industrial park...

Belarusian BelAZ trucks to embrace digital technologies
The Belarusian automaker BelAZ and SAP CIS Company will work together to develop smart industrial solutions in order to provide advanced services based on cloud computing, machine learning, and artificial intelligence to BelAZ clients...

Belarusian industrial products on display in Russian Yekaterinburg
Visitors are invited to see products and accomplishments of Belarusian companies in the sphere of mechanical engineering, metalworking, power engineering technologies, industrial automation, and machine tool production...

About $350m invested in Great Stone project
"These are also investments of the management company that uses a great deal of equity of our Chinese partners; it is also technical and economic aid, and funds of our resident companies. The park will be up and running soon"...

Belarus, Russia’s Smolensk Oblast to step up cooperation in flax farming
The sides discussed expanding cooperation between Belarus and Smolensk Oblast in flax farming and processing, including the production and utilization of flax harvesters, manufacturing cooperation in the production sector...

Belarus, Russia to elaborate roaming wind-down plan by 1 August
Top on the agenda of the meeting was Belarus-Russia cooperation in communications, including transit of international phone traffic between Russia and the EU via the territory of Belarus...

Qatar shows interest in running projects in FEZ Vitebsk
Other key points of the agenda included a greater exposure of Belarus as an investment destination in Qatar and promotion of products manufactured by FEZ Vitebsk resident companies in the Middle East...

Belarusian technologies to launch dairy farm on Russia's Sakhalin Island in 2018
“Mongolia, Moldova and other countries have expressed an interest in building dairy complexes using Belarusian technology and involving Belarusian builders and equipment”...

Belarus’ meat export up by nearly 15% in January-May 2018
Export diversification is one of the priorities for the Belarusian livestock industry. "We are gradually reducing the share of the Russian market in total exports of livestock products"...

Belarusian dairy export to China skyrockets
Belarus has been working hard for the last few years to explore the Chinese market. "As many as 47 Belarusian dairy enterprises, two meat-packing plants, and five poultry farms have been authorized to export food to China"...

Belarusian Railways gets 20 open-plan carriages from Russian TVZ
Since 1998 the Russian rolling stock manufacturer TVZ has shipped over 90 carriages to Belarusian Railways as part of the rolling stock renewal campaign in addition to 57 carriage kits...