Business news

Belarusian BUCE, Russian association of feed producers partner up
BUCE and the Russian association intend to work together to advance Belarus-Russia trade and economic cooperation, in particular, the optimization and harmonization of the common market of forage, premixes, and feed supplements...

Good progress in building Belarusian nuclear power plant’s link to national power grid
The project provides for building over 1,000km of new overhead 330kV power lines and reconstructing nearly 700km of existing power lines...

Investment in furniture factory in Ivatsevichi to make up €20m
It is expected that the production will reach 8,500 sofas by 2020 and about 27,000 by 2027. The factory will occupy the area of ​​50,000 square meters and will employ about 1,200 specialists. Furniture will be exported to the European market...

World Bank to allocate $1.9m for population census in Belarus
“The document on a grant is pending signing. The grant of $1.9 million will be used develop the software product and purchase tablets”...

Dozen Belarusian companies to partake in Damascus International Fair
"According to preliminary estimates, more than ten Belarusian companies will take part in the expo. They will represent a broad range of industries, including mechanical engineering, chemical industry, agribusiness, food industry, pharmaceutics and production of healthcare equipment"...

Chinese company ready to invest in large-scale pig farming in Minsk Oblast
"We’ve had a fact-finding meeting with Chinese partners from Jiangxi Province. Their company is interested in building a pig farm able to accommodate 100,000 pigs"...

Plans to advance pig farming in Vitebsk Oblast to new heights within five years
“We will follow another path. We have to build several sow farms, reform the current industrial base and switch it to fattening. We will resolve a number of veterinary problems like that and will be able to double pork output”...

Data center in China-Belarus industrial park Great Stone to cater to financial companies
The data center is expected to handle financial data of China’s main stock exchanges as well as the stock market in Central and Eastern Europe...

Harvest campaign in Belarus almost complete
As of 17 August, Belarus harvested 1.851 million hectares planted to cereal and leguminous crops, which is 91% of the sown area...

Belarus-GDP 4.4% up in January-July
According to initial estimates, Belarus’ GDP totaled Br66.7 billion in current prices or 104.4% as against January-July 2017 in comparable prices...

100 Belarusian stores to open in China before yearend
"A network of stores of Belarusian products under the Belarus Commodity Center brand has been developed by China’s Guangdong Xinjinlai Trade from Guangdong Province. This store has become the second in the network"...

Plans to open Georgian trading house in Minsk by year end
It will offer the best Georgian food and wines. Food samplings will be arranged. Genuine Georgian cuisine will be offered. The interior design is being worked out now...

Impact of Russia’s VAT increase on Belarus’ exporters analyzed
“On the one hand, the price rise on the Russian domestic market provides a good opportunity for us to get more foreign currency revenues. On the other hand, if prices go up, this might somewhat hurt demand for our products on the Russian market”...

BUCE, UNECE to develop cooperation in paperless trade
According to leading UNECE expert on e-government Eamonn Sheehy, the digital infrastructure developed by BUCE can be integrated with the National Paperless Trading System to provide for an operative and secure exchange of information with stakeholders...

State-run retailer in Orsha District to go bankrupt
Belarus President Alexander Lukashenko instructed Chairman of the State Control Committee Leonid Anfimov to set up a working group to examine Belkoopsoyuz’s operation in Orsha District from the point of view of the services the residents receive...

EU to allocate €1m to fund upgrading of Bruzgi, Berestovitsa checkpoints
The grant contract on the international technical aid project was signed by the Grodno Oblast Customs and the European Union...

Lukashenko wants Orsha Meat Packing Plant to become one of industry leaders by 2020
“Things should change by 7 November 2020. Resources should be allocated, a new slaughter floor should be set up and this [old buildings] should be demolished. The enterprise should be turned into a modern company that is on par with the best meat packing plants”...

EDB to help implement Rosatom’s projects in Belarus, other countries
Head of the EDB project division Vsevolod Smakov noted that the bank is ready to assist Rusatom International Network with the implementation of high-tech projects in the area of power engineering and production sector in Armenia, Belarus, and Central Asia...

Work in progress to drop roaming charges in Belarus-Russia Union State
The efforts seek to reduce roaming-related costs for users, and thus to increase business and tourist activity, the ministry added...

Belarusian Potash Company signs contract on supply of new potash fertilizers to China
Director General of Belaruskali Ivan Golovaty noted that the signing of the new memorandum is a further acknowledgement of the fact that the company’s product is highly-demanded on the Chinese market...