Business news

Belarus, China urged to seek new online trade cooperation model
“Joint development of the countries within the framework of the concept goes beyond simple trade. We are talking about more advanced manufacturing cooperation and integration on the basis of mutual placement of manufacturing facilities,” said the Belarusian Economy Ministry representative...

China’s Humanwell ready to branch out to Belarus
Three years ago the Humanwell leadership visited Minsk and signed a memorandum of cooperation with the Great Stone. The Chinese company carefully studied the prospects of the market with an eye on building a new enterprise in the park. The pharmaceutical company is going to start discussing cooperation plans with Belarus in detail...

EAEU, South Korea may sign FTA in 2019
"Belarus can offer its Korean partners the opportunities to enter the vast Eurasian market. A round of negotiations on the free trade zone with the Eurasian Economic Union was completed in Seoul"...

Joint effort expected to increase resources of Belarusian-Chinese investment fund up to $50m
The diplomat said: "We are happy that the Belarus president has signed the decree on setting up the Chinese-Belarusian investment fund. I am convinced that we will truly be able to increase resources of this fund up to $50 million through joint efforts"...

South Korea interested in Belarusian IT products
Shin Myoung-jin said: "Belarus has advanced fundamental science, a good foundation for making high-tech products. We can advance our mutually beneficial cooperation with this in mind. We are considering importing products in the area of information technologies"...

Belarus unveils action plan to implement ¥1.75bn loan agreement with China
The document was adopted to fulfill the investment project “Hi-Tech Agro-Industrial Full Cycle Complex Project for 2016-2032” (first stage). The agreement concluded between the government of Belarus and the Exim Bank of China envisages that the Belarusian National Biotechnology Corporation will receive ¥1.75 billion for the investment project...

BelAZ to ship haulers to Philippines
The Philippines will become the 78th country, which BelAZ has been cooperating with...

China to tap into Belt and Road potential in cooperation with Belarus
Lianghua Zhang stressed that it is imperative for China to develop partnership with Belarus as an important participant in the implementation of the concept...

Belarus to meet with WTO Cairns Group in June
Aleksei Bogdanov also talked about possible changes that the WTO accession might bring to Belarusian farmers and exporters...

Prime minister: Orsha District enterprises on the mend
Andrei Kobyakov said: "The plan to develop Orsha District is getting implemented. A number of successful decisions have been made to improve the situation at the local enterprises. There are enterprises, which demonstrate massive improvements, and there are those, which are experiencing problems, but a different kind, problems arising from scaling up their operation. Time is needed to resolve these problems but not too much time"...

Belarus-Ecuador commission on economic cooperation to meet in 2018
According to Vladimir Makei, the talks focused on the priority issues of bilateral and multilateral cooperation, including further development of political dialogue at all the levels. “The talks helped outline good prospects for expanding bilateral cooperation in trade, economic, sci-tech, education, cultural and humanitarian sectors,” he said...

Five cooperation agreements signed at economic forum in Vitebsk
The 7th international economic forum Innovations. Investments. Prospects has gathered in Vitebsk 42 delegations from 14 countries...

Investment forum in Vitebsk welcomes participants from 14 countries
The scale of the forum and the number of participants expands every year. “This proves the interest in the forum and Vitebsk Oblast with its business development opportunities,” Nikolai Sherstnev said...

Plans to raise Belarus’ GDP to $60bn in 2018
Dmitry Krutoi reminded that instructions had been given to raise the GDP to $100 billion by the end of 2025. “In the medium term we are talking about building a new structure of the economy capable of securing such a result”...

Belarusian Bobruiskagromash signs $0.4m contract to sell agricultural machines to Tajikistan
“We’ve contracted to deliver 18 tractor dump trailer kits, which will be assembled by the joint venture, as well as other machines that Tajik farmers need”. The machines will be delivered this year...

Heavy investment in residential complex in China-Belarus industrial park Great Stone
The document provides for allocating gratuitous aid to the tune of ¥127.17 million for building a rental residential complex...

Belarus taking part in SIAL Сhina expo
A collective exposition of Belarusian companies features 28 manufacturers of meat, dairy, confectionery, bakery products and alcoholic beverages...

Belarusian milk, juices popular in Chinese Wuhan
The Belarusian dairy company Savushkin Product is the main supplier. It sends three to five railway containers to Hubei Province every month...

Development Bank to open $70m credit line to finance Belarusian exports to Africa
"With the support of our partners from TDB we will offer favorable terms to African companies that show interest in buying goods and services from Belarus"...

Belarusian Railways takes part in Transport Logistic China 2018
The press center informed that the modernization of the railway infrastructure within the framework of the II and IX international transport corridors is the priority task for the Belarusian Railways in order maximize the transit potential and increase the transit attractiveness of Belarus...