Business news

EBRD encourages national currency operations in Belarus
“We will need some time to increase the share of operations in national currency in our portfolio. But in the future we would like to see half of the operations with our private sector clients using national currency. Certainly, it cannot be accomplished within the remaining six months. A longer period of time may be required”...

Belarus to attract a €2mn grant from E5P Fund for solid waste landfill project
According to Alexander Pivovarsky, the new waste treatment company will be the first in Belarus which will fully comply with the European standards...

EBRD plans to buy stake in Belinvestbank in 2018
“We have been cooperating for some time with the National Bank and the Government of Belarus in order to improve Belinvestbank operations. We have approached the moment when the EBRD is considering acquiring a stake in Belinvestbank. We hope this will happen before the end of the ongoing year,” said Alain Pilloux...

China Development Bank to open representative office in Minsk
The China Development Bank representative office will be opened in the Belarusian capital in order to examine possibilities for advancing trade and economic relations between the two countries...

Belarus’ gold, forex reserves at $6.94bn
According to the preliminary data, Belarus’ international reserve assets made up $6.939 billion as of 1 June...

Belarus’ scientific potential presented on Sardinia
The Belarusian Science Days have been arranged in association with the autonomous region of Sardinia, the Cagliari University, and the World Longevity Community under the aegis of the Embassy of Belarus in Italy...

Belarusian producers get familiar with kosher certification requirements
Obtaining a kasher status will help Belarusian manufacturers increase export sales and compete more successfully in overseas markets...

Indian private sector encouraged to do more to implement joint projects with Belarus
The relevant statement was made by Chairman of the Council of the Republic of the National Assembly of Belarus Mikhail Myasnikovich as he met with a delegation of the Confederation of Indian Industry (CII)...

Belarus’ MTZ mulls over tractor exports to Israel
The Belagro expo showcases energy-efficient MTZ tractors equipped with the precision farming system: BELARUS-3525 on caterpillar tracks and 450hp BELARUS-4522. Also on display is BELARUS-1221 running on liquefied natural gas. Inviting visitors to the MTZ exposition area is a six-meter tractor-transformer...

Israel-Belarus Chamber of Commerce ready to represent BUCE interests in Israel
According to Director General of the Israel-Belarus Chamber of Commerce Gedaliya Koltanyuk, the Israeli business is interested in developing cooperation with Belarus, including in the exchange trade sector...

Indian businessmen praise investment potential of Belarusian special economic zone Bremino-Orsha
Ambassador of India to Belarus Sangeeta Bahadur noted: “The site is well-positioned from the point of view of logistics. The place is located at the border of countries. The fact opens up great opportunities for manufacturing business and trade with European Union and Eurasian Economic Union countries”...

Belarusian automaker MAZ to open service center in Russia’s Vologda Oblast
Opening a dealership to sell vehicles and a center to offer maintenance services will be the next step. A transportation and logistics company will be created in Vologda Oblast in the future, too...

Amkodor to step up supplies of farm machines to Russia's Vologda Oblast
"We are implementing a joint project “Union State Tractor”. Literally yesterday we signed the agreement and approaching ‘the home stretch’"...

Russia’s Vologda Oblast to buy over 120 low-floor buses from Belarusian MAZ
A MAZ service center will be opened in Vologda Oblast, too. The relevant agreement will be signed with the Belarusian company today...

Plans to double production of Belarusian tractors in Russian Cherepovets
“We’ve invited the Belarus president to visit Vologda Oblast in order to inaugurate the first Union State tractor, which will get all the necessary preferences from the Russian government and will become absolutely competitive on all markets”...

Great Stone, EBRD sign memorandum of understanding
The document was concluded during the visit of EBRD Vice President Alain Pilloux to Belarus. The EBRD vice president held talks with Belarus’ Minister of Foreign Affairs Vladimir Makei...

Plans to build Belarusian-Chinese center for cooperation in R&D transformation in Belarus
A Belarusian-Chinese agreement was signed on 4 June to build the R&D transformation center in the China-Belarus industrial park Great Stone. The agreement provides for getting ¥168.95 million as gratuitous aid for building the center...

Trade between Belarus and Russia’s Vologda Oblast up by 11.1% in Q1 2018
"This is a very good result. The trade expanded in areas such as engineering and agriculture. In the first quarter 2018 we also worked pretty well: the trade totaled $93.1 million, up by 11.1% over the same period a year before"...

Belarus suggests developing dairy cluster in Mongolia
"Given the attention that the governments of our countries attach to agriculture, cooperation in crop production, animal husbandry, and veterinary medicine holds great promise"...

Belarus’ exports to India up by almost 40% in Q1 2018
“India is our most important partner in Southeast Asia. Belarus is one of the key partners for India in Europe. We have very good prospects, and the level of trade, which we have today, is the first step towards this”...