Business news

Ten Great Stone residents to complete construction projects in 2018
“According to our information, all the residents of the park are mulling over construction projects. I think that this year at least ten residents will implement their construction projects and 25 more will launch their projects”...

S&P upgrades Belagroprombank to ‘B’
“The international credit rating agency Standard & Poor’s upgraded its long-term issuer credit rating on Belagroprombank to “B” and affirmed the 'B' short-term issuer credit rating. S&P’s outlook on the bank is stable”...

Belarusian MAZ to double vehicle sales in Russia’s Yaroslavl Oblast
In 2018 MAZ’s sales in Yaroslavl Oblast are expected to double. The company intends to ship about 100 trucks in addition to other products...

Transit of goods via Belarus up 12% in Q1
“The figures show Belarus’ improving attractiveness for transit, its comfortable doing business conditions. This contributes to the country’s budget revenues”...

Belarusian steel mill BMZ to sell $40m worth of products to Ukraine in 2018
“The Ukrainian market has become more active, the economy has been growing. These are our neighbors with a comfortable geographical position. This is why this market is among the most promising ones for us”...

Belarus, Russia discuss regulation of digital financial assets
“The sides evaluated the work of Belarus’ and Russia’s banking systems, the bilateral balance of payments and the Union State balance of payments in 2017, international reserves and foreign currency liquidity. They put a focus on the development of distributed ledger technologies and regulation of digital financial assets (digital tokens) in Belarus and Russia”...

New China-Belarus industrial park companies to make drones, solar cells
An Israeli resident company will build a factory to make solar cells in the park. Virtually 100% of the output will be exported to Switzerland and other European countries...

Belarus considers purchasing DNA testing equipment from China
"In 2013, when we started, the cost of one set of equipment for this testing was about $20. Thanks to the work we have done over the years, the cost has reduced to $5-72"...

Tokyo to host first Belarusian-Japanese economic forum on 10-11 May
The event will also feature the presentations of Belarus’ investment potential including the industrial park Great Stone, other investment projects in mechanical engineering, electric vehicles and high-tech medical equipment...

Contract to supply 140 Belarusian tractors concluded at Krasnoyarsk Economic Forum
The region is implementing the project to renew the fleet of street cleaning equipment in the run-up to the 29th Winter Universiade which is due in Krasnoyarsk in 2019. The city administration has made a choice in favor of MTZ products...

Belarus-Azerbaijan tractor assembly plant to open in Turkey
Azerbaijan takes note of the contribution of the Belarusian engineering industry to the development of the economy, including new jobs and joint products providing access to third markets...

Belaruskali signs long-term contract with Lithuanian Railways
“Belarus is one of our main partners in the freight transport sector, therefore long-term contracts with Belaruskali will help us to strengthen competitive positions and plan deliveries”...

Resident companies ready to invest $500m in Belarus-China industrial park
As of 11 April 2018, there were 31 resident companies in the industrial park with the total volume of investment pledges around $500 million...

Belarus to consider sales of electric buses, lift assembly together with Azerbaijan
The Azerbaijan president mentioned the positive contribution of the Belarusian tractor industry and the mechanical engineering industry to the country’s economy, the creation of new jobs, and the penetration of third-country markets with Belarusian-Azerbaijani products...

Belarus relaxes requirements for private construction companies
Qualification requirements for corporations and self-employed businessmen to obtain civil engineering industry compliance certificates have been changed. The required personnel numbers have been adjusted...

Belarus, Russia’s Krasnoyarsk Krai discuss joint ventures
In 2017, Belarus-Krasnoyarsk trade reached $72.7 million, up by 15.8% versus 2016...

Ukraine would like to see more Belarusian goods on its market
"Today, many products that are made in Belarus are popular in Ukraine; they have good reviews. We would like Belarusian producers to work even more actively in our market"...

Russia’s Bashkortostan eager to buy more Belarusian machines, vehicles
In 2017 Belarus-Bashkortostan trade totaled $520.3 million, 39.7% up from 2016...

Belarusian companies present business projects to foreign diplomats in Moscow
The meeting was attended by about 40 diplomatic representatives from the European, African, Latin American and Southeast Asian countries...

Sketch design for new Belarusian-Russian satellite in 2019
Belarusian and Russian specialists have already started creating a new satellite for the extremely high resolution remote sensing of Earth...