Business news

EU Twinning project officially launched in Belarus
"We are honored to be the first Belarusian government institution to start Twinning. We are aware of the complexity and the magnitude of the project and intend to approach its implementation in the most professional, responsible way"...

MTZ rice farming tractor undergoing tests in Vietnam
It is expected that this model will help MTZ increase its presence in the countries of South-East Asia. “We have made some adjustments and now the tractor is ready for the market,” Andrei Stasilevich said...

Belarus, Russia’s Smolensk Oblast agree on number of cooperation programs
“We are interested in localizing the production of Belarusian goods in Smolensk Oblast. The matter concerns first of all the Minsk Tractor Plant, because these products are in demand not only in our oblast, but also in the neighboring oblasts”...

Tbilisi to host Georgia-Belarus business forum on 23 March
The participants of the business events will consider promising areas of developing the Belarusian-Georgian trade and economic cooperation, exchange the working experience, talk over issues related to the bilateral cooperation...

Hungary to buy construction materials for nuclear power plant via Belarusian commodity exchange
The possibility was discussed on 23 February as a Hungarian delegation visited OAO Belarusian Universal Commodity Exchange. The delegation included Trade Counsellor of the Embassy of Hungary in Belarus Bertalan Szentpeteri and representatives of the construction materials company Clean Star Complex Kft...

BelGee expected to sell up to 8,000 cars quarterly by 2018 yearend
“We need to start producing the steering system here. We are about to sign a document to launch, together with China, the production of seats, radiators, and other car components here. We need to reach at least 50% of localization”...

Belarus, Russia’s Altai Krai aim for $100m in bilateral trade
So far, the cooperation has been developing mainly between industrial enterprises. Following the last meeting a decision was taken to change the perspective and to expand cooperation into other economic sectors...

Lukashenko: Belarus’ experience of military construction in demand abroad
The experience of military construction in Belarus is currently in demand in the CIS and non-CIS states. Constant attention is paid to the development of joint security projects. More and more countries are willing to send members of their armed forces, up to the highest rank, to our Military Academy,” Alexander Lukashenko noted...

BUCE, Czech Embassy in Belarus to step up cooperation
Chairman of the BUCE Board Arkady Salikov said that the BUCE maintains close contacts with the Czech business and has been active in this field...

Belarus floats $600m worth of eurobonds
Belarus started a roadshow for eurobonds in the United States and Europe on 15 February. Citi and Raiffeisen Bank International AG have been selected as managers, with the Development Bank of the Republic of Belarus to be a co-manager...

Belarus, Russia continue negotiations on gas price to be applicable as from 2020
“We have agreed on the gas price for Belarus in 2018-2019. We still have time to decide on the price for the period from 2020 to 2025 (before the common gas market in the Eurasian Economic Union is set up)"...

EDB forecasts GDP growth at 2.6%, inflation at 6% in Belarus in 2018
The authors of the review note that the EDB countries have demonstrated positive growth rates due to improved external developments, the gradual softening of their monetary policies, and fiscal incentives...

Mogilev Oblast, Sweden to advance economic cooperation
The Mogilev Oblast governor suggested arranging a roundtable session involving representatives of the private sector of Mogilev Oblast and Sweden soon with a view to looking for and working out concrete proposals on advancing cooperation in the real sector...

Capital investment in BelNPP up almost 40% in 2017
Capital investments amounted to Br1.68 billion, up 39.5% from 2016. The average number of workers engaged in the construction of the nuclear power plant is 4,950 people...

Belarus, Algeria to work out cooperation roadmap
The first intergovernmental agreements were signed on 20 February. The agreements envisage the establishment of a joint commission on trade, economic, scientific and technical cooperation and the removal of visa requirements for holders of diplomatic and service passports...

Belarus, Algeria to set up trade and economic commission
These include an agreement to set up a joint commission on cooperation in trade, economy and science and an agreement on visa exemptions for diplomatic and official passport holders...

Agreements on selling Belarusian food reached during Gulfood expo in Dubai
Gulfood is one of the world’s top three annual food expos. The expo is popular with food producers and food traders of the entire world largely thanks to the fact that the United Arab Emirates is a key node for re-exporting food products in the Persian Gulf region...

Belarus ready to bring its agricultural, industrial technologies to Algeria
“Your country imports a huge amount of dairy products. We are trying to diversify our exports and looking into the markets of China, Venezuela and even further. Algeria looks very much attractive from the logistics perspective,” the president stated...

World Bank to invest over $500m in projects in Belarus in 2018-2022
“The Board of Executive Directors will review the framework partnership strategy for Belarus for the next 4-5 years, for the period from 2018 to 2022. This program is worth more than $500 million. It will include the projects aimed at achieving the UN Sustainable Development Goals”...

EBRD to allocate additional $3m to BNB-Bank on trade financing
"The limit has been expanded due to the growing volume of transactions and the bank's active cooperation with the EBRD under the Trade Facilitation Program (TFP)"...