Business news

Belarusian Railways to attend business forum in Vienna
This business forum is aimed at coordinating the efforts of the Eurasian transport market players on the development of integral infrastructure of international transport corridors, the creation of the most comfortable environment for the movement of passengers and cargo...

Belarusian food on display in Dubai
Belarusian food export to the UAE has increased by six times in the last few years thanks to the active work done by the Agriculture and Food Ministry and the Belarusian embassy to enable conditions to allow Belarusian companies to reach the UAE market...

Belarusian MAZ sells over 1,000 buses to Russia in run-up to 2018 FIFA World Cup
Ten Russian cities have acquired the MAZ buses in anticipation of the 2018 FIFA World Cup, including Moscow and Saint Petersburg. The buses will be used to transport football fans for the duration of the world cup...

Belarus’ farm export to United States up by 46% in 2017
Export diversification remains the priority for the ministry. "This requires a flexible combination of efforts in several main areas. First we will be working to deepen cooperation in the Eurasian Economic Union"...

Belarus plans to get five poultry plants certified for Chinese market in H1
He noted that last year marked the transformation in the structure of the Belarusian farm exports to China. Earlier Belarus exported mainly raw materials (flax fibers, fur pelts, rawhide). Today the major export item is dairy products...

Merchandise export by Belarusian Agriculture Ministry enterprises 3.9% up in 2017
Export by enterprises run by the Agriculture and Food Ministry rose by 3.9% to $2.4 billion. “Apart from that, we’ve managed to increase export proceeds by $89 million. The ministry’s enterprises shipped their products to 70 countries across the globe, eight more countries since 2016”...

IFC to launch new consulting program for Belarus in March-April
"The program will be aimed at improving the business environment, the investment climate. We are looking at several components, which may become part of the program. The program is supposed to run for four years"...

Belarusian civil engineering expo BUDEXPO to feature about 30 innovative projects
"About 20 projects have already been submitted, including rapidly built economy-class energy-effective homes, water-repellent coatings for surfaces of construction materials, technologies for building organic and energy-effective cottages using flax chaff"...

Kiev to host major expo of Belarusian products in April
The expo will be Belarus’ largest event of the kind in Ukraine in the last few years. The expo will be organized by the Belarusian Chamber of Commerce and Industry, with BelInterExpo acting as the expo operator...

Belarus hopes to attract $1bn in international capital markets annually
"We will have to refinance the debt of about $1 billion annually. The focused efforts to build relationships and to gain access to the international borrowing markets led to positive results. Belarus has gained a guaranteed access to the markets of Europe, the United States and Russia"...

Belarus-Egypt MAZ plant opened in Cairo
The joint plant will produce 500 vehicles a year, with the opportunity to increase the capacity. There are plans to gradually increase the localization of the joint production up to 40% to supply products to the markets of the neighboring countries...

Belarus, Turkey may use national currencies in mutual trade
“We may turn to the trade using the national currencies. We can introduce such cooperation based on the agreements between the national banks of Belarus and Turkey,” Binali Yildirim said...

Belarus’ power system ready for increased demand from cryptocurrency miners
”I do not see any problems. We are keen to welcome any miners as this will benefit our country. We do not have power deficit. We are ready to satisfy any demand for electricity and thermal energy”...

Call to determine sugar beet growing zones in Belarus
The head of state suggested cultivating sugar beet in the places that can ensure high profitability, where companies will be interested in the sugar beet production...

First batch of Belarus’ special vehicles delivered to Russia’s Primorsky Krai
The batch of vehicles includes Amkodor-made front loaders, backhoe loaders, skid loaders, snow cutter-blowers, and also working attachments to all-purpose wheel loaders...

Belarus’ GDP up by 4.6% in January
“The economy expanded by 4.6% in January. This is due to the potential and trends that were laid last year. These include wage increases that have driven the consumer demand, the improved financial status of companies"...

Belarus’ Hi-Tech Park new resident company to set up self-driving vehicle test site
According to Kirill Koroteyev, today autonomous cars are the highest point reached in the application of artificial intelligence...

Belarus’ export growth forecast for 2018 approved
According to the document, the export to South Africa and Nigeria is forecast to increase the highest – by at least 45%. Export to China is expected to go up by 44%, to Vietnam, Argentina and Brazil by 30%...

Belarus intends to branch out into Chinese sugar market
The president noted that China has opened its market to Belarusian meat and dairy products. Plans are to start deliveries of sugar there...

Belarus’ Finance Ministry: Work with IMF continues as planned
“The talks with the IMF are currently put on hold on the program [the loan]. We did not agree on the speed of the reforms they are suggesting. The work, however, with them continues as planned,” the deputy minister said...