Business news

Brest Oblast to scale up contacts with Uzbekistan’s regions
"Uzbekistan is one of our key partners in Central Asia. We are interested in forging long-term partner relations in trade, economy, social sphere and culture"...

Belarusian MTZ eager to assemble tractors in Nigeria with reliable partner
The possibility was discussed as Ambassador of Nigeria to Russia with concurrent accreditation to Belarus Steve Davies Ugbah visited MTZ...

Confidence in Belarusian Gomselmash’s ability to reach new heights
“Well done, Gomselmash has a future. We will definitely keep the enterprise running. I am confident we will raise it to new heights if only you do your jobs”...

Belarus president dismisses possibility of Gomselmash sale
“I am not ready to sell the controlling interest. It is unlikely to happen as long as I am the president. It is a state-owned enterprise and it should be run by the state”...

Belarus president examines new harvester powered by gas engine fuel
The head of state was told that the gas engine harvester is slightly more expensive than conventional ones, however, it saves a lot of money by burning a different kind of fuel...

Instructions given to launch large-scale vehicle modernization program in Belarus
According to the head of state, the program should primarily cover vehicles made by Belarusian giants such as MAZ, MTZ, and Gomselmash...

Belarus’ exports of goods, services up 19.4% in H1 2018
Belarus' foreign trade in goods and services totaled $40.1 billion, up 20.7% from January-June 2017...

Chinese company plans to buy Chetvertinsky Palace in Grodno
If successful at the tender, the Chinese company plans to reconstruct the palace. It may include a restaurant, a hotel, and business premises. It is possible that a center of traditional Chinese medicine will be opened there...

Russia’s Saratov Oblast mulls over MTZ tractor production
Farms in Saratov Oblast use more than 7,000 MTZ tractors, or about 40% of the total number of tractors in the region...

Belarus-Sweden trade up 30% in H1 2018
The Belarusian export grew 73.1% to make up $24.4 million. The supplies of Swedish products to Belarus increased by 16.7% to $59.4 million...

Tashkent to host Belarus-Uzbekistan business forum in September
"Mikhail Myasnikovich stressed that Uzbekistan is Belarus’ key partner in Central Asia. He mentioned the joint preparations for the Belarusian-Uzbek forum of business and interregional cooperation in Tashkent"...

Selling more Belarusian advanced products to Nigeria negotiated
Close attention was paid to opportunities for a considerable increase in the delivery of advanced-technology products and other Belarusian goods to the capacious Nigerian market where tractors and agricultural machines sell well...

China expects Belarus’ visa waiver to boost tourism
Every year, outbound tourism in China grows by about 20-30%. “I hope that Belarus will feature in travel plans of Chinese holidaymakers”...

Surplus expected in Belarus’ next year’s budget
"The budget will continue having a surplus because we stick to the budget rule and will channel some of the revenues – primarily revenues from import customs duties – into repaying the state debt"...

Belarus, Turkey discussing freight transportation along Dnieper River
The port in Nizhniye Zhary may become a major transit hub in the future, connecting the eastern and western parts of the new Silk Road from China to Europe, said the source. The project’s implementation may give Belarus new opportunities for organizing merchandise export and import...

Belarus, Uzbekistan seek closer cooperation in textile industry
The participants of the working meeting showed interest in developing cooperation in textile, leather and footwear sectors between the companies of Bellegprom and Uzbekistan...

Belarus, China to step up cooperation in postal services, logistics
The memorandum provides for comprehensive interaction in the area of postal, financial, and logistical services...

Plans to set up maintenance center for Belarusian trucks in Tashkent
"There is a mining company in our oblast as well as coal industry companies and chemical companies, which use BelAZ trucks ranging from 30-tonne ones to 180-220-tonne giants. This is why we need this maintenance center"...

Belarus GDP growth projected at 4.1% in 2019
As far as export is concerned, a favorable external market environment allows projecting a 7.3% export growth. "The export will expand by $3 billion"...

Belarus’ next year’s budget drafted
In 2019 the state budget will prioritize raising salaries in the public sector and honoring debt commitments...