Business news

Belarus’ gold, forex reserves at $6.83bn
According to the preliminary data, Belarus’ international reserve assets made up $6.831 billion as of 1 July...

Large batch of new Belarusian harvesters put to work in Georgian fields
The Georgian side praised the quality of the Belarusian grain harvesters. Specialists underlined that the performance of the Belarusian agricultural machines is on par with world brands...

Belarus to open export promotion, support office in China
Any Belarusian company interested in penetrating the Chinese market will get an opportunity to appoint a representative to the contact center on preferential terms. The contact center will offer office equipment and office space in the BRCIC center free of charge...

Belarus, Russia to update roadmap to fix dairy trade issues
BelTA reported earlier that the Russian food quality watchdog Rosselkhoznadzor has rescinded its ban on importing dairy products in containers of over 2.5 liters from the entire territory of Belarus and has compiled a list of authorized suppliers...

China interested in assembling electric cars at BelGee factory in Belarus
"But we need to prepare the infrastructure for this kind of transport and iron out all the kinks. I think the factory will also assemble electric cars in two or three years"...

Belarus’ external debt down 2% in January-May 2018
As of 1 June 2018, Belarus’ external debt totaled $16.4 billion, down by $332 million or 2% from the beginning of the year (taking into account differences in currency exchange rates)...

Plans to export Belarusian fruit, vegetable preserves to China
A pilot batch of products made by the Malorita canned vegetables plant will be shipped to China soon. The relevant contract has been signed...

Some 700 Belarusian tractors sold to Lithuania in 2017
Alexander Korol is convinced that when the European Union reduces funding for buying agricultural machines in the future, frugal and cost-conscious farmers and business owners will direct their attention to quality and affordable Belarusian machines and, certainly, Belarusian tractor brands...

Belarusian Tax and Duties Ministry happy with ‘Google tax’
“Results of the first quarter of the year have confirmed the projections. Evaluating the effectiveness of the novelties from the point of view of the state budget, one can say that the results have exceeded the costs”...

Delegations from 15 countries to attend Mogilev investment forum
The forum will focus on interregional contacts that give momentum to long-term cooperation between countries in culture, trade and investment...

Russian Sberbank ready to support education projects in Belarus
German Gref mentioned the Russian program Teacher for Russia as an example. “Our colleagues here, in Belarus, our daughter bank suggests launching a similar program...

Russian Sberbank to introduce neural network-powered lending technology in Belarus
"Transferring technologies for client identification was also discussed. We’ve reached an agreement with the National Bank of the Republic of Belarus on the matter – it was their request for the transfer of these technologies"...

Belarus president pleased with cooperation with Russian Sberbank
"Once again I thank you for investing in Belarus, lending money to our economy -- $4 billion is a respectable sum"...

Grodno Airport hopes to lure European low-cost airlines
He emphasized that he means European low-cost airlines, like AirBaltic, for example. Talks are underway not only with low-cost carriers. “There is a protocol of intentions, some documents have been signed, including with Polish companies”...

Belarus expects to receive Chinese credit rating by end of summer
Thus, Belarus will able to float its bonds in the financial market of China. “We hope that the rating will be assigned somewhere by the end of summer”...

Belarus’ central bank’s refinancing rate down to 10% per annum
As of today the refinancing rate has been reduced from 10.5% to 10% per annum. The rates on standing facilities and bilateral liquidity support operations have gone down from 11.75% to 11.5% per annum...

Belarus to scale up machinery exports to Indonesia
Indonesia became the fourth most important market for Belarusian potassium chloride after China, Brazil and India. The share of the domestic potassium chloride in the aggregate import of the country is estimated at about 20%...

Rail transport manufacturer Stadler Minsk to double output capacity by year end
"We will start the full cycle for producing five-car trains for Norway in September. As many as 16 trains will be made before summer 2019. This year we will also start working on double-deck six-car trains for Hungary. There are plans to ship a total of 40 cars"...

Call for understandable indicators to measure effectiveness of Belarusian civil engineering industry
"Increasing the export of construction services and diversifying them are vital directions in the development of the civil engineering industry"...

Mogilev Oblast starts exporting to 8 new countries
In January-April 2018 local companies entered the markets of the Dominican Republic, Congo, Kenya, Republic of Korea, Macedonia, Nigeria, Oman and Syria. All in all, Mogilev Oblast exports to 76 countries worldwide...