Business news

Belarus to increase supplies of BelAZ trucks, harvesters to Mongolia
“We agreed to take a closer look at the prospects of cooperation in agriculture, especially given that Mongolia has been actively developing livestock. We also agreed to consider setting up a joint venture to process agricultural products”...

Mongolia ready to buy more Belarusian farm machines
Damdin Tsogtbaatar stressed that Belarusian products in Mongolia are well known. These are really good brands, especially in mechanical engineering, known for good quality...

Number of companies residing in Belarus’ Hi-Tech Park rises rapidly
Over 100 new companies have been registered within less than half a year. It is a historic record, said the source. It is worth noting that conditions for registering a company in the Hi-Tech Park have been greatly simplified...

Belarus projects 2018 crop harvest at level of 2017
Mikhail Rusy said that higher temperatures in May made it possible for fodder ripening and the development of basic crops...

Belarusian drones on display at KADEX 2018 in Kazakhstan
Visitors were strongly interested in technologies for creating and manufacturing UAVs for various purposes and in possible applications. Visitors mentioned the advanced technical parameters of the Belarusian products...

Belarus’ timber industry in the spotlight of Belarusian-Finnish business forum
The Finnish market is of big interest to Belarusian timber companies. Despite being one of the European leading forestry states, Finland imports woodworking products from other countries...

Belarusbank, Eximbank of Slovakia to expand cooperation
“Our bank offers the entire range of financial services. We are open to cooperation and are ready to discuss any ideas and initiatives, which may be useful and may benefit both Belarus and Slovakia. We are interested in diversifying business contacts”...

Belarus to ship over 3.5m tonnes of milk to Russia before yearend
Belarus will supply Russia with 55,000 tonnes of dry skimmed milk, and 17,000 tonnes of dry whole milk. In general, Belarus will export more than 3.5 million tonnes of milk to the Russian market in 2018...

Belarus ready to consider India’s participation in production of compound fertilizers
“We may consider the issues of not only the sale of potash fertilizers but also the possible participation of India in the production of compound fertilizers”...

Belarusian and Uzbek commodity exchanges sign cooperation agreement
During the visit of the Belarusian delegation to the Uzbek Republican Commodity Exchange the parties discussed the prospects for economic cooperation between Belarus and Uzbekistan, the new forms of organization of exchange trade and shared their best practices...

Belarus, Russia discuss methods for setting prices on EAEU oil market
Deputy Head of the Federal Antimonopoly Service of Russia (FAS) Anatoly Golomolzin and Vice President of the Saint Petersburg International Mercantile Exchange Anton Karpov took part in the roundtable session...

Belarusian automaker BelAZ opens technical support center in Russia’s Belgorod Oblast
On 28 May Avtotekhinmash Company, an official dealership of BelAZ, opened a technical support center, which offers cutting-edge proprietary maintenance services to end users...

Belarus’ external state debt 1.9% down to $16.4bn in January-April
As of 1 May 2018 Belarus’ external state debt totaled $16.4 billion, down by $315.6 million or 1.9% from the beginning of the year (taking into account differences in currency exchange rates)...

Belarus raises $1.3bn in FDI in Q1 2018
Vasily Matyushevsky stressed that thanks to the measures implemented by the government and the central bank Belarus had reached an economic growth trajectory, had preserved macroeconomic stability and balance...

Belarus interested in transport and logistics projects in Black Sea region
Speaking of the Black Sea region, Vladimir Ulakhovich noted that participation in the projects, including highway network construction or logistics, is very promising for Belarus...

Some 50,000 tonnes of Belarusian oil products shipped via Russian ports in Q1 2018
Asked about plans to ship Belarusian oil products via Russian ports, the official noted that Belarusian Oil Company always considers the Russian direction when it needs to sell oil products...

Stadler plant in Belarus to receive €35m in investment
Peter Spuhler stressed that the company is very pleased with the level of skills and work capacity of Belarusian specialists. "I can advise all western investors to take advantage of this"...

Over 100 Lithuanian businessmen to attend Belarus-Lithuania forum in Vitebsk
Speakers and discussions will focus on trade, economic, investment and interregional cooperation between Belarus and Lithuania, including the potential of FEZ Vitebsk...

Large delegation of China’s Shandong Province private sector arrives in Vitebsk
First Deputy Chairman of the Vitebsk Oblast Executive Committee Oleg Matskevich told media that the region is busy diversifying its target markets, including in the direction of China...

Belarus’ first commercial batch of beef off to China
In his words, Belarus’ export of meat and dairy products to China are on an increase thanks to the agreements and contracts...