Business news

Belarus to take part in Damascus International Fair
The Damascus International Fair is a major business-forum in the Middle East region. In 2017 it drew 4,800 companies from 43 countries, over 100,000 visitors...

WB Board of Executive Directors assesses joint project activities in Belarus
The visit is dedicated to the launch of the 2018-2022 Country Partnership Framework (CPF) for the Republic of Belarus which the Board of Executive Directors approved on 3 April 2018...

Belarusian-Japanese economic forum opens in Tokyo
"Japan is an important partner for Belarus. We attach great importance to the development of bilateral cooperation in various fields, particularly in investment"...

Belarus negotiating new utilities industry projects with World Bank
Andrei Kobyakov said: “The launch of new projects in the area of energy effectiveness and heat rehabilitation of residential buildings, water treatment and water supply, and solid waste treatment is being discussed. We expect further support for these areas from the World Bank”...

Inflation in Belarus at 0.3% in April 2018
In April 2018 the index of consumer prices for goods and services totaled 100.3% as against March 2018 and 102.8% as against December 2017...

Belarus president okays construction of new nitrogen plant, modernization of Grodno Azot
Yet Alexander Lukashenko gave instructions to once again consider all the possible variants of implementing the project in detail. He said that prompt decisions were necessary yet prices should be a factor...

BelAZ exports up 66.3% in January-April 2018
The export to Russia went up by 52.8%. Deliveries to the CIS countries (except for Russia) soared 3.6 times. Russia, Uzbekistan and Ukraine made up the top three customers of the Belarusian factory...

Lukashenko: Belarus able to protect itself without militarization of economy
"First of all, I cannot militarize the economy. Militarization of the economy is not just a phrase. These are factories and people with military thinking who produce military products. What will we do when these goods are not needed? We need to think about it"...

Mogilev meat and dairy producers seek to tap into Japanese market
According to Ruslan Yesin, due to its geographic location Japan secures only 39% of its food needs. The country imports large amounts of meat products (including beef, pork and poultry), butter and skimmed milk powder...

Belarusian export to Japan up 46% in Q1 2018
"A long distance between Belarus and Japan is no longer a problem to develop trade and economic cooperation taking into account modern telecommunication technologies and transport and logistics capabilities"...

Over 200 businessmen to attend first Belarus-Japan economic forum
“Over 200 businessmen from the two countries, including 30 people from Belarus, are expected to take part in the event”...

Groundbreaking ceremony for loader factory in Minsk District
The factory will make exclusive products, which will be mainly exported to the European Union, Asia, Africa, and the former Soviet Union...

Belarus’ gold, forex reserves exceed $7bn
According to the preliminary data, Belarus’ gold and foreign exchange reserves, if calculated in accordance with methods of the International Monetary Fund, totaled $7.038 billion (in equivalent) as of 1 May 2018. In April 2018, the country’s gold and foreign exchange reserves went up by $43.5 million (or 0.6%)...

Belarus to hold national exhibition in Tajikistan on 15-17 May
The exhibition will bring together Belarus' major exporters of products, goods and services in various sectors...

Belarusian delegation holds numerous talks during SIAM 2018 expo in Morocco
Belarus showcased its farm machines, R&D in the petrochemical industry, education ands science. MTZ, Gomselmash, Bobruiskagromash and Amkodor farm machines and Belshina tires were especially popular with the exhibition visitors...

Some China-made automobiles to be certified in Belarus
According to Sergei Chizik, China will certify some of its automobiles, including Geely, at the NASB national proving ground for mobile machines...

Belarus suggests expediting Sichuan sub-park project in Great Stone park
According to Alexander Yaroshenko, Chengdu Xinzhu Silk Road Development, a company from China’s Sichuan, is one of Great Stone’s first residents that has almost completed the construction of a plant to produce super condensers...

Belarus eager to offer sovereign bonds on Chinese domestic market by year end
On the whole, Belarus is interested in switching to more vigorous investment cooperation. Projects to set up a Chinese-Belarusian investment fund are under consideration...

Plans to boost China-Europe rail freight traffic via Belarus almost twofold by 2020
"China-Europe rail freight traffic through Belarus and the EAEU countries has been going up. Today it poses a real challenge to maritime transport. In 2017, over 2,700 container trains traveled from China to Europe via Belarus"...

Belarus, Georgia eager to set up joint venture to process poultry meat
"In accordance with the instructions the Belarus president gave as he visited Georgia we have to take interaction between the Belarusian and Georgian agribusiness to the next level in addition to stepping up the presence of Georgian agricultural products on the Belarusian food market"...