Business news

Agreement on compensations for Belarus after Russian oil industry taxation adjustments
Belarus’ social and economic development forecast for the year 2019 fully takes into account the negative consequences of the second stage of Russian oil industry tax adjustments, which are due to come into force on 1 January 2019...

Good progress on building Belarusian nuclear power plant
“The readiness of the Belarusian nuclear power plant is reflected by an integrated indicator resulting from a complicated formula. The first unit is at 80% completion while the second one is close to 60%”...

Belarusian MAZ to increase shipments to Africa by 10% in 2018
“Our vehicles are more expensive than Chinese ones but thanks to the value for money ratio we are competitive in Africa now”...

Belarusian automaker MAZ to consider assembly enterprises in Angola, Algeria, Nigeria
Nigeria is part of the Economic Community of West African States (ECOWAS). If an assembly enterprise is set up in Nigeria with localization in excess of 40%, the end products can be freely traded in other ECOWAS countries, noted the executive...

Nigeria shows interest in Belarusian automotive equipment
"We are interested in mining machinery, tractors, and MAZ vehicles. We have already visited four Belarusian plants. We can see that Belarusian equipment is competitive both in terms of price and quality"...

Belarus ready to help Ecuador mechanize farming sector
The diplomat held a presentation of Belarus’ economic, agricultural, scientific and technical potential, talked about the activities of the branches of the Belzarubezhstroi and Belorusneft companies in Ecuador...

Belgian aid for breeding elite cattle, pigs, poultry in Belarus
In particular, sale of Belgian flax harvesters was mentioned as well as the establishment of a pilot farm in Belarus for breeding elite varieties of cattle, pigs, and poultry with assistance of University of Liege...

Belarus, Russia to sign $500m worth of contracts at 5th Forum of Regions
About 50 agreements are currently under consideration, including 20 between the government of Belarus and the governments of the Russian regions and 29 interregional agreements...

Plans for digital transformation of Belarusian agriculture explained
Leonid Zayats pointed out that the development of agriculture has acquired a new meaning in informatization conditions. "Agribusiness has become a high-tech branch of the economy"...

Shanghai Nuclear Power Office representatives visit BelNPP
The Chinese delegation led by Deputy Director of the Shanghai Municipal Economic and Informatization Commission Wei Ping got familiar with the exposition of the BelNPP information center...

Belarus, China to discuss joint ventures to produce beef
"There are issues that need our involvement. They should be tackled at the level of China’s biggest agribusiness companies. We are set to discuss the establishment of joint ventures to produce beef on the territory of Belarus"...

Bellegprom companies boost capital investments by 20.8% in H1
Companies affiliated with the Belarusian state light industry concern Bellegprom increased capital investments to Br40.3 million in H1 2018, up by 20.8% compared with the same period last year...

Harvesting campaign in Belarus almost over
As of 23 August, Belarus harvested 1.94 million hectares planted to cereal and leguminous crops, which is 96.4% of the sown area...

Belarus studying China’s economic reform experience
The Belarusian representatives are also expected to visit the Shanghai Free Economic Zone to study China's best investment practices. The program of activities also includes the familiarization with China’s urban construction and architecture...

Belarusian free economic zones to grow larger
Additional sources of funding can now be used to create infrastructure in free economic zones in Belarus...

Belarus to buy advanced radar station Sopka from Russia
The Belarusian delegation sent to the international defense technology expo Army 2018 has signed the contract with the Russian concern Almaz-Antey...

New FEZ Minsk resident company to contribute to BelGee car assembly project
A new resident company – Borisov Heat Exchange Systems Factory YAXING BATE – has been registered in the free economic zone (FEZ) Minsk...

Belarus may join Romania’s energy infrastructure upgrading projects
During the meeting Andrei Grinkevich talked about the capacities of Belarusian companies in the export of energy equipment and materials, services in designing and operating power facilities...

Merchandise export by Belarusian petrochemical concern Belneftekhim soars in H1 2018
In H1 2018 Belneftekhim’s merchandise export growth rate reached 128.5% as against January-June 2017, with the growth rate of the export of services at 109.2%...

Belarus to be guest of honor at Vietnam International Trade Fair
The national exposition will showcase agricultural and utility vehicles, a broad assortment of chemical and petrochemical products, R&D solutions, new medicines, foodstuffs and beverages...