Business news

Direct flight to connect Minsk, Tallinn
Direct air service between the Belarusian and Estonian capitals will be on the agenda of the upcoming visit of Estonian Foreign Minister Sven Mikser to Minsk on 14 June, the diplomat said...

Belarus interested in tighter cooperation with China Merchants Group in food export
Andrei Kobyakov stated: “Belarus is interested in further advancing cooperation with China Merchants Group in the export of Belarusian meat and dairy products to China”...

Belarus suggests opening joint venture to process powdered milk in Cuba
"We could team up with the Cuban business community to manufacture the products that are in short supply in Cuba, like yogurt, cottage cheese, cheese, ice cream, etc. We could also provide technical guidance and train Cuban specialists"...

Investment documents worth $480m concluded at Gomel Economic Forum
Among the documents signed during the forum were one investment agreement and eight memorandums of understanding...

Belarusian Railways displays its transit potential in Netherlands
Belarusian Railways aims to create conditions for expanding the geography of container trains and intensifying the development of cargo flows from the EU countries to China...

German Duisburger Hafen becomes shareholder of Great Stone management company
A robust interest in the industrial park on the part of major foreign investors is the guarantee of its further effective development, the Belarusian head of government said...

Great Stone Park output to reach $1bn by 2021
"In the development of the park, we focus not only on trade and logistics, although this is an important component of the project, but also on innovation and the development of joint high-tech industries"...

Belarusian-Russian tire recycling project suggested
Igor Petrishenko stated that Belarus attaches much attention to the development of cooperation with Russia’s Republic of Tatarstan in mechanical engineering and machine tool industry...

Belarusbank inks cooperation agreement with Rosselkhozbank
The agreement is supposed to advance long-term partnership relations, enable participation in joint projects and other kinds of joint activities on the basis of mutually beneficial cooperation...

BUCE, Klaipeda FEZ team up to facilitate Belarusian export
Negotiations on cooperation between the Belarusian Universal Commodity Exchange and the Klaipeda Free Economic Zone are expected to continue within the framework of the 19th Belarusian-Lithuanian Economic Forum, which will take place in Vitebsk in early June...

Amkodor to ship $20m machinery to non-CIS countries in 2018
“We have advanced to the market of Turkey where we have already shipped snow-clearing vehicle. We have been gradually expanding the lineup of deliveries. We have also advanced to the markets of the UAE, Congo, Egypt and Sudan”...

Belarusian Amkodor to ship over $750,000 worth of vehicles to Egypt in 2018
Amkodor Director General Valery Ivankovich stressed that the Egyptian market is of great interest to the company...

WB to support Belarus’ higher education overhaul
"This will allow Belarus to bring its universities in compliance with modern standards and to update university curricular to meet the needs of employers and the labor market"...

IFC to grant $100-120m to foster Belarus’ private sector growth
In September 2017 the World Bank Group Board of Executive Directors endorsed a $60 million loan for the Development Bank of the Republic of Belarus to implement a new project “Expanding access to financing micro, small and medium enterprises in the Republic of Belarus”...

Belarusian Industry Ministry interested in electric motor joint venture with Siemens, CRRC
“We are extremely interested in implementing the project to build a factory to make electric motors for BelAZ, MTZ, Belkommunmash and other companies together with Siemens and CRRC”...

Plans to set up investor services center in China-Belarus industrial park
The relevant model is in development. It will be new experience for Belarus. It will drastically differ from the one-stop shop principle. It will be the place where all the bodies in charge of making the relevant decisions will be located...

Great Stone Park mulls over branch exhibitions
A trade and exhibition center with the total area of almost 22,000 square meters was built in the park. There are also plans to use about 50,000 square meters of open areas...

Belarus-Czechia trade 50% up in Q1 2018
"Czechia is an important trade and economic partner for us in the European region. In 2017 Belarus-Czechia trade increased. The trend grew stronger in the first quarter of this year"...

Chinese SUMEC Corporation intends to invest in flax industry in Mogilev Oblast
SUMEC Corporation is interested in the development of raw-materials base, increasing the production of flax fiber in Mogilev Oblast and its processing. OAO Shklov Linen Mill was chosen as the base enterprise...

Bykhov Vegetable Canning Factory launches export to Tajikistan
According to him, several contracts of sale were struck with business partners from Tajikistan during the expo. The quantities and assortment of canned products to be exported this year are being negotiated...