Business news

Mogilev Oblast foreign investment inflow reaches some $1.5bn in last 5 years
“Mogilev Oblast attracted such a large volume of investments thanks to a favorable investment environment. It is not by chance that Mogilev Oblast is among the best regions in Belarus in terms of enabling favorable conditions for business”...

EU to earmark €3m for project to support Belarus’ economic policy
The project will comprise five components: strengthening public financial management system, ensuring the stability of the banking sector, improving the efficiency of enterprises, protecting vulnerable households and developing market institutions...

BelCCI to host Latvian businessmen on 8 February
During the event the Belarusian participants will have the opportunity to negotiate the development of interaction with Latvian companies in the provision of port services, economic terms of the Liepaja special economic zone, customs clearance...

Fitch upgrades six Belarusian banks to 'B'
The banks are Belarusbank, Belinvestbank, Development Bank of the Republic of Belarus, BPS-Sberbank, Bank BelVEB and Belgazprombank...

PM: The use of cryptocurrency in Belarus' internal business not on agenda
Andrei Kobyakov stated that with the adoption of Decree No. 8 "On the Development of Digital Economy” Belarus has regulated a number of issues related to the use of cryptocurrency. This path is followed, for example, by Japan, some Swiss cantons...

Belarus initiates EAEU digital transformation program
Belarus suggests developing a unified program for the EAEU digital transformation, and not at the level of common principles and approaches, but with specific measures and their implementation deadlines...

Belarus president signs decree on setting up Belinkassgroup
“Belinkassgroup is set up to improve the organization of cash circulation in the Republic of Belarus, develop encashment services”...

Belarus, Huawei planning joint project to supply network solutions for healthcare
According to Anatoly Kalinin, Belarusian enterprises and Huawei have so far implemented $400 million worth of joint projects...

Belarus to take part in China International Import Expo
Belarus expressed readiness to make its contribution to the implementation of the Chinese government’s plans to fill the Chinese market with high-quality products...

Belarus, Georgia to develop cooperation in trade, agriculture, tourism
"Belarus-Georgia trade and economic relations and cooperation in the humanitarian, cultural and tourism sectors have been vibrant in the past two years. Rational approaches have been developed in all the areas, including from trade to setting up joint ventures and creating jobs in such areas as mechanical engineering and lift equipment manufacturing"...

Belarus, Georgia aim to reach $200m in trade by 2020
Mikhail Rusy also welcomed the proposal to set up working subgroup in various areas to increase the efficiency of interaction...

Serial production of Belarus-China mobile cranes launched in Mogilev
Russian and Belarusian companies were one of the first to buy ZMC-25. The Belarusian enterprise also plans to ship mobile cranes to Kazakhstan and other CIZ countries...

Vice premier: Belarus’ success at Dakar 2018 will boost MAZ sales
“This is an extremely important and significant victory. I think the second place is also a victory. It improves the prestige of the MAZ brand, creates an image, and this will certainly benefit all the aspects, from design and production to sales of vehicles”...

Mogilev Meat Packing Plant sends first batch of beef to China
Although the project co-implemented with China holds great promise, it requires additional investments in increasing the supply of raw materials. This is what the company is doing at the moment, the official said...

Belarusian Railways plan to increase container shipping on China-EU-China route
In 2017 the China-EU-China route saw 245,400 containers (up 74% from 2016)...

Fitch upgrades Belarus' long-term ratings to 'B'
Near-term external financing risks have declined due to the pre-emptive government borrowing, and due to an increase in international reserves, the press release reads...

Belarus’ agricultural exports reach $5bn in 2017
Belarus sells its farm products to 70 countries. The country developed over ten new markets in 2017...

Belarus president wants middlemen problem solved once and for all
The president pointed out that the middlemen’s profit margin can go as high as half the price of a product. “It drives up prices. Why can’t we resolve the problem? It is a number one issue,” stressed the Belarusian leader...

Belarus taking part in International Fair of Khartoum
The diplomat took part in a meeting of the Belarusian-Sudanese joint commission on cooperation, a bilateral business forum and the opening of the Belarusian exposition at the International Fair of Khartoum...

Belarus’ WTO accession expected to boost EAEU’s potential
“Within the WTO framework, our countries’ potential will grow as soon as Belarus joins the organization. We will have every ground to promote the interests of each of the five countries and the EAEU in general in the WTO,” Sergei Yezhov remarked...