Business news

Minsk tourist attractions showcased in Lyon
The pavilion also presented tourist attractions and cultural legacy of Minsk. Master classes in national arts and crafts were held...

Belarusian IT industry expected to gain 7-10% per annum
"We intend to secure growth above the world’s, which makes up some 3.9% per annum but in 2021-2025 we need growth as high as 6-7% so that we could hit the GDP of at least $100 billion by the end of 2025"...

Belarus’ MTZ to ship 140 tractors to Russia’s Novosibirsk Oblast
The Minsk Tractor Plant (MTZ) will supply 140 tractors Belarus for the needs of agricultural producers and municipal services of the city. The batch will include small-sized and high-energy machinery...

Belarus to continue dismantling temporary restrictions on dairy export to Russia
Rosselkhoznadzor has rescinded the ban, which violated EAEU rules, yet only the Belarusian companies specified by the roadmap can export their products to Russia...

Rosselkhoznadzor lifts ban on import of Belarusian dairy products, approves list of suppliers
“Rosselkhoznadzor informs that its direction of 4 June 2018 is canceled in part of the restrictions on the supplies of products from the Republic of Belarus”...

Belarus president to allow sales of agricultural enterprises ‘with terms and conditions’
The head of state noted that over the last five years they have been able to save, restore, and develop the Belarusian agriculture, ensure the country’s food security, create agrotowns, and enable the necessary living standards in the countryside...

Plans to start building Belarusian-Vietnamese dairy venture in late 2018
"It will make eight kinds of dairy products under a Vietnamese brand, including cottage cheese, regular cheese, and yoghurts. Thus, we would like to expand the presence of our producers on the Vietnamese market"...

First stage of MAZ-Asia plant in Vietnam to go online in September 2018
"Therefore, the EAEU and Vietnam concluded an agreement that envisaged a new joint venture and a quota of duty-free deliveries of our trucks, buses and vehicle sets to Vietnam"...

Belarus set to triple dairy exports to China in 2018
In January-April 2018, Belarus’ agricultural exports to China rose 1.9 times up to $9.3 million, including $4.8 million worth of dairy products...

Russian Vnesheconombank to open $30m credit line for Belarusbank
The credit resources will be used to buy Russian railway products...

Belarus to start poultry supplies to China in Q3 2018
"Five Belarusian poultry factories are gearing up to start exporting poultry to China. The first batch of products is to be shipped to China in Q3 this year. Some preparatory work is being done before contracts are signed"...

Belarus to build 22 houses using China’s financial assistance in 2018
The Chinese side undertakes all construction expenses while and the project management company carries out external control and funding management...

Belarus to welcome over 4,000 container trains shuttling between China, Europe in 2018
"Belarusian Railways pays close attention to the development of freight transportation with China. This kind of transportation develops rapidly thanks to efforts of the sides"...

Call to make airports in Brest, Grodno attractive for transit travelers
Residents of the bordering Polish regions could take advantage of such opportunity...

First freight train from China’s Hebei Province arrives in Belarus
"Business relations between Belarusian and Chinese commercial entities are evolving. Our job is to offer an optimal logistics scheme to minimize the cost of freight transportation"...

Belarus-Switzerland trade committee back to work after three-year break
A memorandum of cooperation was signed by the free economic zone (FEZ) Brest and the Joint Chamber of Commerce Switzerland-CIS/Georgia (JCC)...

Belarus’ central bank’s refinancing rate down to 10% per annum as from 27 June
Starting 27 June the refinancing rate will be reduced from 10.5% to 10% per annum. The rates on standing facilities and bilateral liquidity support operations will go down from 11.75% to 11.5% per annum...

British companies eager to buy Belarusian timber via commodity exchange
Peter Carter, Managing Director of Carter Turner Ltd, said the quality of Belarusian products is generally on par with British standards while the prices look very attractive even considering the cost of transportation...

Russian food export to Belarus per capita exceeds Belarusian food export to Russia
"Russia supplies more agricultural products to Belarus per capita than Belarus supplies to Russia. We are accustomed to hearing that Belarus exports a lot. But in per capita terms Russia supplies more to Belarus than Belarus does to Russia"...

Lukashenko calls for removing barriers in Belarus-Russia trade
"Today, it is important to cement the positive trends and to ensure that the trade between the two countries keeps growing, including by means of removing mutual barriers and exemptions and creating an equal competitive environment"...