Business news

Belarus-Russia oil talks still in progress
Belarus and Russia keep working on reconciling their positions on supplies of oil products, Deputy Chairman of the Belarusian state petrochemical concern Belneftekhim Vladimir Sizov told reporters...

Belarus’ central bank to keep refinancing rate at 10% per annum
By keeping the refinancing rate unchanged, the central bank intends to support the monetary conditions, which will put the actual inflation close to the 5% target in 2019-2020...

Belarus, Russian Sberbank discussing promising joint projects
Sergei Rumas praised Sberbank’s contribution to the implementation of projects of importance for the national economy and the production sector. In his words, today the Belarusian economy contains about $3.8 billion in resources provided by Sberbank via various channels...

Tourism in Belarus forum enjoys success in China’s Nanjing
The event was designed to promote Belarus as an interesting travel destination and to introduce the Chinese public to Belarus’ tourist attractions...

SK hynix begins large-scale cooperation with Belarus’ Hi-Tech Park
The Belarusian R&D software development center is the company’s only representative office in Eastern Europe. It is the first considerable investment on the part of the Korean company in the Belarusian IT market...

Belarus to ship €60m worth of grain warehouses to Sudan
Director General of the Agricultural Bank of Sudan Salaheldin Hasan Ahmed noted that Sudanese are familiar with Belarusian machinery...

Belgian company interested in making fertilizers in FEZ Grodnoinvest
According to the source, a leading manufacturer of special fertilizers with leading market positions in the USA, Canada, and Western Europe is considering the possibility of building an enterprise in FEZ Grodnoinvest...

National banks of Belarus, Kazakhstan to cooperate in information security
The parties signed an agreement to align the financial market laws of the EAEU member states. The National Bank of Belarus and the National Bank of Kazakhstan signed a cooperation agreement in information security...

Belarus’ GDP up 3.7% in January-August 2018
According to initial estimates, Belarus’ GDP totaled Br77.4 billion in current prices or 103.7% as against January-August 2017 in comparable prices...

Customs services of Belarus, Uzbekistan agree to facilitate bilateral trade
The agreement on facilitation of bilateral trade sets forth the major principles of information exchange regarding the movement of goods and vehicles in line with technical requirements to information exchange between the customs services of the two countries...

MTZ to open assembly plant in Uzbekistan
MTZ has already gained certain cooperation experience with Uzbekistan in the area. A plant assembling Belarusian tractors has been successfully operating in Tashkent...

Veterinary drug factory to be built in Great Stone park
The new resident will build a plant to produce animal drugs that will comply with the Good Manufacturing Practices (GMP). This will make possible to register the product in foreign countries and export it...

Belarusian-Chinese automobile cranes now sold in Central Asia
The ZMC-25 automobile crane made by Zoomlion-MAZ was presented during the Made in Belarus expo in Uzbekistan and has already found potential buyers. The company’s Director Yuri Pivovarov mentioned the strong interest of the expo visitors in this vehicle...

Belarus, Argentina complete bilateral market access negotiations
Argentina is the 19th WTO member state Belarus has finished market access negotiations with...

Stockholm to host Belarus-Sweden investment forum in November
Belarusian representatives updated the Swedish delegation on Belarus’ investment climate, including preferential regimes in the Hi Tech Park, the China-Belarus industrial park Great Stone and free economic zones...

Agreements worth of $100m signed at Grodno business forum
Furniture production is one of the most attractive areas for investors in Grodno Oblast. The Grodno Oblast Executive Committee and Poland’s Szynaka Furniture signed an agreement of intent to implement an investment project on furniture manufacturing...

EBRD pleased with country strategy implementation in Belarus
The expert also underlined that an analysis of the macroeconomic situation in Belarus and falling inflation figures indicate that new conditions for doing business and making investments had been enabled in the country...

Belarusian IT-company eyes seven-digit projects in Uzbekistan
Among the products the company offers to Uzbek customers are integrated automation systems for the banking sector...

EBRD hopes to increase Belarus loan portfolio to €700m before year end
“We continue to expand operations in Belarus and hope to sign several interesting deals in the public and private sectors this year. Perhaps, this will be the most successful year in the history of the bank's activity in Belarus,” the EBRD representative noted...

WB to help Belarus develop Roadmap for National Paperless Trade System
The WB representatives emphasized the importance of cooperation with Belarus in the development of e-government...