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Business news

14 Mar 2018
Belarusian delegation in Moscow for talks over milk supplies
Belarus suggested developing a roadmap to resolve the milk trade dispute with Russia. The document will help lift the ban on the supplies of Belarusian dairy companies to the Russian market...
14 Mar 2018
IT breakthrough: Number of Belarus’ Hi-Tech Park resident companies up by 25%
"The park’s impressive growth is caused by the adoption of the Digital Economy Development Ordinance by the Belarus president in December 2017. The IT community has praised the document and has taken reciprocal steps in return"...
14 Mar 2018
Belarus to connect trade routes of Germany, China
“Our goal is to develop a green transport corridor Nuremberg-Minsk-Urumqi, which is an object of interest for a number of countries. It will help facilitate the transportation of goods for China and Germany and expand the transit potential of Belarus”...
13 Mar 2018
Belarus plans to take part in hydrocarbon production projects in Africa
"Now we are closely working with the relevant authorities and the leadership of Congo-Brazzaville. Most likely, we can participate in the oil production projects in that country. Equatorial Guinea is also of interest of us"...
13 Mar 2018
Belarus may reach $3bn in trade with Africa in near future
“Taking into account the arrangements we have reached with southern Africa alone, I can say that the trade with the region will reach no less than $2.5 billion. If we add Sudan, Egypt, other countries, Equatorial Guinea, the target of $3 billion in trade is attainable”...
13 Mar 2018
Belarus considering gold mining in Sudan
“We are considering gold mining in Sudan, supplying our machinery, and setting up joint companies, including agricultural ones,” Viktor Sheiman noted...
13 Mar 2018
Green economy cluster opens in Brest Oblast
The cluster initiative and the cooperative business agreement were signed by 26 commercial entities, including industrial enterprises, farmers, and self-employed businessmen from Belarus and Poland...
13 Mar 2018
Belarusian MTZ eager to sell more tractors to North America
Following a preliminary agreement the next day OAO MTZ and MTZ Equipment Ltd, which is the exclusive distributor of MTZ tractors in the USA and Canada, will sign a contract on delivering Belarusian agricultural machines to North America in 2018...
13 Mar 2018
Belarus suggests milk trade dispute resolution roadmap to Russia
Plans have been made to arrange a joint session of the boards of the Belarusian and Russian agriculture ministries in March to discuss food trade balance sheets. These balance sheets will later become the underlying documents for deliveries to the Russian market...
13 Mar 2018
$58m worth of contracts signed during Sheiman’s visit to Zimbabwe
During the talks the sides concluded about $58 million worth of contacts, including on the delivery of Belarusian tractors to the tune of $43 million and forestry equipment to the tune of $15 million...
13 Mar 2018
World Bank to provide additional €12m for Belarus’ forestry sector
Modern forest management, reforestation and new forest areas will help the Belarusian forest sector adapt to climate change, storms, and pests...
12 Mar 2018
Belarusian technoparks granted new privileges
Now Belarusian technoparks will be able to set up innovation development funds, which money can be used to finance innovative projects of resident companies and enhance the physical infrastructure...
12 Mar 2018
Inflation in Belarus at 0.9% in February 2018
The base index of consumer prices, which does not account for changes in prices for individual goods and services susceptible to administrative and seasonal factors, stood at 100.2% in February 2018 vs January 2018 and 100.9% as against December 2017...
12 Mar 2018
Belarus’ export of goods, services up 33.2% in January
The exports went up by 33.2% to reach $3,040.9 billion. The imports increased by 26.6% to $2,916.2 billion. The trade surplus made up $124.7 million...
12 Mar 2018
Belarusian Currency and Stock Exchange shuns cryptocurrency operations
The Belarusian ruble is the only legal tender in Belarus, he recalled. “Operations with cryptocurrencies are a domain of the Hi-Tech Park only,” the executive remarked...
12 Mar 2018
Belarus, China consider expanding air service
These issues were the focus of the negotiations between Ambassador Extraordinary and Plenipotentiary of Belarus to China Kirill Rudy and Air China top managers in Beijing...
11 Mar 2018
Great Stone resident delivers two unmanned vehicles to Belarus for testing
“One of our residents will test electric-traction unmanned vehicles. They have already delivered two such vehicles to Belarus. We are currently working on launching the tests. The project is very interesting”...
7 Mar 2018
Plans to start making innovative medical equipment in Belarus by 2020
According to Georgy Vershina, a new industrial sector will be created in Belarus by 2020...
7 Mar 2018
Belarus’ gold, forex reserves up by 9.5% around $7.1bn
The increase in the gold and foreign exchange reserves in February was due to the revenues from the sale of eurobonds by the Finance Ministry, sales of bonds denominated in foreign exchange by the National Bank and the Finance Ministry in the domestic market, foreign exchange receipts to the budget...
6 Mar 2018
Belarus interested in Indian investment cluster in Orsha District
Sergei Rakhmanov and Pankaj Saxena discussed trade and economic cooperation. Close attention was paid to the possibility of Indian companies taking part in the construction of a multimodal industrial and logistics hub in Bolbasovo, Orsha District, Vitebsk Oblast...
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