Business news

Belavia to get five Embraer aircraft on leasing terms in 2019-2020
The first three aircraft — two Embraer 195 and one Embraer 175 — are expected to be delivered in April 2019. The two other aircraft will be delivered in December 2019 and April 2020. “We will get three out of the five aircraft in the run-up to the 2nd European Games Minsk 2019”...

Plans to measure economic competition index in Belarus using OECD methods
In line with previous agreements the International Finance Corporation will help the Belarusian Antimonopoly Regulation and Trade Ministry work out a competition encouragement program...

World Bank to channel about $570m into projects in Belarus in 2018-2022
The main targets for the World Bank’s financing include private sector growth, increasing the effectiveness of the state sector, and modernizing social services...

UAE company shows interest in Belarus' dairy production technologies
Nabil Khan expressed interest in the export of Belarusian dairy products, by-products for pharmaceutical use and the Belarusian milk production and processing technologies to Asia...

Belarus’ plans to process 18m tonnes of oil in 2018 remain intact
“We are constantly monitoring the matters related with the diversification of oil exports. We take into account economic efficiency, in the first place. At the moment we are processing Russian oil”...

S&P affirms Belarus 'B/B' ratings
"The stable outlook reflects S&P’s expectation that Belarus' external imbalances will moderate while the fiscal stance remains comparatively tight over the next 12 months"...

Opinion: Being dependent on one market is not good for Belarus’ economic security
Belarus’ social and economic development program by 2020 provides for the measures to diversify foreign trade with the equal distribution of exports across the markets of the EAEU-EU-other countries...

Good growth opportunities for Belarus’ exports to Europe
The EU market offers huge opportunities as over 500 million EU citizens form a large market of corporate and retail customers, he stressed...

Growing variety and quality of Belarus' exports noted
In his words, the exports of every commodity group posted an increase. The energy exports went up by $2 billion (up by 42.8%). The exports of mechanical engineering products rose by $1.6 billion (21.7%)...

Belarusian confectionery export nearly 50% up in January-February
The export increase is attributed to the retooling of manufacturing facilities and the balanced and coordinated policy of commercial and foreign economic divisions of the enterprises. The Belarusian confectionery producer Kommunarka is among the industry’s leaders...

Construction of MAZ-Weichai engine factory begins in China-Belarus industrial park
The factory will make diesel engines for trucks, buses, and utility vehicles. The factory is designed to make up to 20,000 engines per annum...

Belarus-China aviation company set up in Great Stone industrial park
Yuri Leonovets, director general of the new Belarus-China company, said the enterprise will design its own high-technology products and launch the serial production of both its own developments and those of AVIC...

Belarus, Russia set to create common dairy market
"We will analyze production costs in Russia and Belarus, look through the whole list of companies processing milk, examine the background in using technologies in the recent years, and take other measures"...

Belarus signs $100m dairy contracts with China
It is not easy to enter the Chinese market, the minister said. To coordinate the work, Belarus and China are setting up a joint venture in Shanghai, which will operate the supplies of Belarusian products to the Chinese market...

Call for clear strategy to ramp up Belarus’ pharmaceutical exports
"It is necessary to establish long-term trading relations with importers of Belarusian medicines and enter more markets. The head of state has set a task: our pharmaceutical exports must account for at least 50% of the total output by 2022"...

Belarusian companies to participate in yarn expo in Turkey
"The companies will also arrange presentations during the Belarusian Chemical Industry Day to be organized at premises of the Foreign Economic Relations Board (DEIK) under the Turkish Economy Ministry on 13 April"...

Belarus ready to help Russia develop dairy industry
"This statement does not frighten us. We have been diversifying our markets, which is seen from last year’s results: our exports to Russia went down, but we ramped up exports to the CIS countries, China, and the Middle Eastern countries"...

Belarus’ gold, forex reserves total $6.99bn
In March 2018, the country’s gold and foreign exchange reserves went down by $98.8 million (or 1.4%) after the increase of $616.1 million (or 9.5%) in February...

Transport Ministry, China-Belarus park development company to consider starting air freight company
Apart from that, for the sake of more advanced cooperation with Chinese partners the sides agreed to consider the possibility of creating a joint large international corporation to perform engineering, designing, and subcontracting services in the area of civil engineering in addition to the establishment of a joint factory to make special-purpose metal structures...

Belarusian Naftan ships lubricants to Iraq first time ever
The first batch of premium lubricants Naftan Premier and Naftan Garant with the viscosity grade SAE 5W­30 was shipped to an Iraqi customer in late March...