Business news

Call to remove barriers in Belarus-Russia Union State
“There are things we need to do. We need to continue removing barriers in access for goods and services, creating equal rules for doing business. The corresponding decision will be enforced by a resolution of the Council of Ministers today,” said Dmitry Medvedev...

Malorita Vegetable Canning Plant to debut in Chinese baby food market
"We met with Chinese partners in the spring. They visited our factory, got acquainted with the manufacturing process and tasted our baby food products. They showed a great interest in our products because we use organic domestic raw materials. We agreed on deliveries"...

Belarusian automaker BelAZ to ship 200 haulers to Uzbekistan in 2020-2023
Under the current agreements, BelAZ is to supply 260 heavy haulers to Uzbekistan in 2017-2018. The agreements have already been met by 70%...

Belarus invited to join Uzbekistan’s research and production clusters
The chairman of the Council of the Republic added that the parties are unanimous in their intention to combine commodity and investment cooperation. “We pay a lot of attention to promising innovative high-tech projects,” Mikhail Myasnikovich said...

Next year’s Belarus social, economic development forecast wanted by September
The prime minister explained that just like in previous years the Economy Ministry suggests using scenarios to prepare the forecast documents. A basic scenario and a target scenario have been developed to describe the development of the national economy in 2019. The scenarios take into account different external conditions...

PM: Belarus ready to participate in projects to develop agrarian complexes in Uzbekistan
He stressed that the two countries have good opportunities for cooperation in various fields. Consideration is being given to the projects to assemble tractors, road-building machinery, gas-fueled buses in Uzbekistan...

Association of Belarusian Banks joins Financial and Banking Association of Euro-Asian Cooperation
The main objective of the Financial and Banking Association of Euro-Asian Cooperation is to develop interbank cooperation between the member states of the SCO, BRICS, the Eurasian Economic Union, and the European Union...

Belarus receives opportunity to place bonds on China’s financial market
The document was signed during a meeting between Belarus’ Finance Minister Vladimir Amarin and CCXI Chairman Yan Yan...

Belarus, China to sign agreement on authorized economic operator status
China has already signed similar agreements with several countries, and for Belarus it is the first initiative that will help participants of foreign economic activity reduce both time and money costs and will streamline customs controls...

China to grant Belarus 800m yuan in technical aid in 2018
The agreement provides for granting gratuitous aid to the amount of 800 million yuan to implement a series of investment projects in Belarus, including construction of the National Football Stadium, a world-class swimming pool, a residential house for rent on the territory of the China-Belarus Industrial Park Great Stone...

Belarus keen to expand its presence in dairy market of Vietnam
“Vietnam buys from 50,000 tonnes to 80,000-90,000 tonnes of powdered milk annually. Belarus is among the world’s top producers of powdered milk, butter, cheese, while Vietnam is only 20% self-sufficient in dairy products importing 80% from abroad”...

Number of Great Stone Park residents to reach 40 by yearend
Alexander Yaroshenko added that it is expected that ten companies will launch their production or services by the end of the year. China Merchants Group, which is engaged in integrated logistics, has already been providing its warehouses and product transportation services...

Belarus suggests using its capacities to boost food security in SCO
“Belarus has a traditionally strong and efficient agricultural sector, high-technology manufacturing and agricultural machinery industry. We suggest tapping into the opportunities these sectors offer to boost food security of the SCO”...

Belarusian Unison, Chinese Zotye sign $560m agreement to make electric cars in Belarus
The document provides for assembling 30,000 Zotye electric cars in Belarus by 2022 with a high degree of localization. The cars will then be sold exclusively in the Commonwealth of Independent States...

Belarusian food producers sign $35m contracts with Chinese partners
The ceremony of signing the commercial contracts between the Belarusian producers and the Chinese partners was held within the framework of the visit of Belarus President Alexander Lukashenko to Qingdao...

Belarus’ trade and economic potential presented in Peru
The Belarusian diplomat held talks with Peru’s Deputy Minister of Foreign Trade Edgar Vasquez to discuss the status and prospects for boosting and diversifying bilateral trade. The parties noted the need to stimulate business activity of enterprises and private business of both countries...

S&P affirms 'B' rating for Belarus’ Development Bank
"The ratings of the Development Bank are totally aligned with the sovereign rating of Belarus. The agency emphasized in its release the close ties between the Development Bank and the Government of Belarus and the Bank's important role in financing state programs"...

Belarusian MAZ delivers large batch of buses to Russian Kazan ahead of 2018 FIFA World Cup
The city of Kazan opted for the MAZ 203069 model. The world cup will begin in Russia in mid-July. The buses will be used to transport football fans during the cup and to transport regular passengers in the city after the cup ends...

Innovative Belarusian biopolymeric solution for perishable foods developed
Chitosan is a naturally occurring non-toxic biopolymer. When food is covered with chitosan solution, a kind of packaging is formed...

Baranovichi textile company makes first shipments to United States, Hungary
This year Baranovichi Cotton Production Amalgamation has sent textiles to 12 countries: Brazil, Hungary, Kazakhstan, Latvia, Lithuania, Moldova, Russia, Serbia, Turkmenistan, Ukraine, United States, and Finland...