Business news

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...

Japanese private sector delegation led by Kawasaki Heavy Industries to visit Belarus in October
Japan is a world technology leader, this is why Belarus is interested in bringing investments and technologies from that country...

Belarus pediatric surgery generates $120,000-140,000 in export revenues annually
Belarus is actively promoting its medical services abroad. Several months ago, a team of Belarusian specialists took part in an exhibition in Uzbekistan...

Belarus harvests over 4 million tonnes of grain
As of 8 August, Belarus harvested 1.46 million hectares planted to cereal and leguminous crops, which is 68.3% of the sown area...

Belarusian specialists promised career enhancement at innovative Indian pharmaceutical enterprises
There are plans to allow Belarusian technical specialists to get trained in India. According to the source, Belarusian specialists will be able to improve their skills at cutting-edge enterprises that make pharmaceutical products...

Belarusian construction workers to build industrial enterprises in Africa
In January-June 2018 the growth rate of Belarus’ export of construction and engineering services reached 115% as against the same period of last year...

Investors ready to pour $850m in new enterprises in Belarusian FEZs
“The total volume of declared investments in all the six free economic zones is close to $850 million. Those are new projects. We and the oblast administrations have asked to expand the free economic zones for them”...

Belarusian meat producers told to anticipate price hike in Russia
"The significance of meat and milk will continue rising primarily on the Russian market, the main market for us. We’ve been hearing multiple reports that prices for meat products in Russia are going to climb high because the raw materials are getting more expensive"...

Belarus’ Motovelo Plant considers prospects of advancing to Egypt’s market
The parties talked over the prospects for the Motovelo products to enter the Egyptian market, considered the mechanisms of involving in the project the Belarusian commodity distribution network in Egypt...

Belarus’ gold, forex reserves at $7bn
In July 2018, gold and foreign exchange reserves went up by $198.8 million (by 2.9%) after a decrease of $108.2 million (1.6%) in June 2018...

India to invest $1m in building pharmaceutical R&D center in Minsk
Chairman of the Presidium of the National Academy of Sciences of Belarus Vladimir Gusakov noted that a number of technologies will be mastered to establish the center such as micronization, dry granulation, multilayered pills, and so on...

Israeli embassy offers help in bringing Israeli companies to Great Stone
Alon Shoham pointed to favorable business terms offered by the industrial park, as well as Belarus’ convenient location...

Minsk’s export up by 28.8% in H1 2018
The city’s export to the EU countries was up two times to a total of $264.5 million and to China up by 67% to total $5.6 million...

Belarus resumes cement exports
Anatoly Cherny added that the capacity of Belarusian enterprises is sufficient to secure the domestic market consumption...

India’s Cipla Limited to help build pharmaceutical R&D center in Belarus
The R&D center is expected to manufacture most advanced medications using a complete cycle – from a scientific idea to manufacturing...

New measures in development to reduce foreign currency usage in Belarus
The central bank and the central government have been taking measures for the last few years to reduce the usage of foreign currencies in Belarus as much as possible...

Miory to build medical center using German investments, technology
It is expected that the medical center will operate on the principles of public-private partnership...