Business news

Belarus, China mulling over inter-publishing center
During the talks held at the Beijing International Book Fair, the Chinese party suggested setting up a Chinese editorial board at Mastatskaya Litaratura...

Russia’s Astrakhan Oblast shows interest in Belarusian electric buses
“We are interested in electric transport. Perhaps we will decide on the matter in autumn. We are currently in talks on electric buses. Today we have seen Belarusian electric buses”...

Belarus eager to help extract Russian oil on Caspian Sea shelf
“The Belorusneft enterprise has vast experience of geologic exploration and oil extraction. It can get involved in the planned development of raw hydrocarbon deposits on the Caspian Sea shelf”...

Limit on DBRB bond issuance up 3.7 times
According to the document, the limit on the issuance of bonds by the Development Bank for 2018 was increased from Br225 million to Br825 million...

Belarus’ central bank’s currency exchange policy to stay flexible in 2019
“We intend to keep inflation under 5% (December against December of the previous year). With this in mind we will use monetary targeting. In other words, we will control the broad money supply”...

Belarus’ export of services projected at $9.7bn in 2019
Investment and exports will remain the main growth drivers in Belarus in 2019. Investment should be outpace the GDP growth about two times...

Belarusian MAZ to design bus for African roads
According to the source, this suburban-service bus will be designed bearing in mind peculiarities of African countries. It will be able to move along various roads, including unpaved ones...

EBRD to offer loans in Belarusian rubles
An agreement on opening credit lines in Belarusian rubles for MTBank and Belarusky Narodny Bank (BNB Bank) will be signed on 30 August. Thus, for the first time on record the EBRD will provide funding in Belarusian rubles...

Belarus suggests joint companies to Russia’s Astrakhan Oblast
According to Mikhail Myasnikovich, regional cooperation is the pillar of bilateral cooperation between Belarus and Russia. At the same time, he called the joint companies an instrument to develop it...

Belarus, China in negotiations on joint satellite project
"We regularly discuss possible joint projects of interest to both countries with the Chinese side. The matter is closely monitored by the two sides. Negotiations are underway, including on the joint creation of a space satellite"...

Schematic design of Belarusian-Russian remote sensing satellite ready this year
"Decisions on key technical systems and their interaction are being made. Apart from that, various options for commercializing the project are being discussed"...

Serbian Valjevo, Belarus’ Molodechno to promote direct contacts between economic entities
Serbian city of Valjevo and Belarus’ Molodechno will actively promote direct contacts between economic entities, Ambassador Extraordinary and Plenipotentiary of Belarus to Serbia Valery Brylev said as he visited the town of Valjevo, which is the sister city of Molodechno...

ZTE activities in Great Stone discussed in Shanghai
The parties discussed the ZTE activity in Belarus and the corporation’s advances in the development of breakthrough telecommunication solutions that can be used in government, healthcare, transport and communications...

Belarusian Steel Works’ exports up 35% in January-July 2018
In January-July 2018 BMZ exported 1.14 million tonnes of metal products worth more than $724 million. The export growth made up 135% from the same period in 2017 in money terms and 105.5% in volume terms...

Push to sell Belarusian poultry in European Union
Apart from that, Belarus counts on expanding the entire list of products authorized for export to the European Union and the resulting increase in mutual export and trade turnover...

International experts to look into SME credit guarantee fund possibility in Belarus
As part of the consulting assistance program meant to support entrepreneurship and economic development in the Republic of Belarus the International Finance Corporation (IFC) will evaluate the possibility of creating a guarantee fund in the country...

Access to EU food market for Belarusian products discussed in Minsk
Belarus’ Deputy Minister of Foreign Affairs Oleg Kravchenko met with European Commissioner for Health and Food Safety Vytenis Andriukaitis in Minsk on 27 August...

Heads of 80 Shanghai companies to attend business forum in Minsk
Valery Matsel made a presentation of the economic potential of Belarus and the Industrial Park Great Stone to the Shanghai companies that are going to come to Minsk...

Belarusian BelAZ to supply haul truck components to China
Representatives of OAO BelAZ and China Datang Corporation (CDT) signed a contract for the delivery of components for Belarusian haul trucks to the tune of over $360,000 in Beijing...

Harvest campaign in Belarus over
As of 27 August, grains and legumes were removed from the area of nearly 1.97 million hectares. All in all, the country harvested 5.19 million tonnes of grain (7.18 million tonnes on the same date last year), with an average yield of 26.4 centners per hectare (35.7 centners per hectare last year)...