Business news

First startup complex of Belarusian truck factory in Vietnam in commission by late May
According to Vladimir Semashko, the first stage of the factory will focus on making trucks. The second stage will make utility vehicles (concrete mixers, loaders, cranes, and other kinds)...

Belarus, Ukraine mull joint truck crane production
"It will produce truck crane equipment, and also construction and road vehicles," the deputy minister said...

Belarus’ exposition at China International Import Expo to cover 500 square meters
The Belarusian participation at China International Import Expo is highly promising from the point of view of promotion of Belarusian goods to the markets of China and other countries...

Belarus’ industrial output up by 10.3% in January-February 2018
"Thanks to this, Belarus’ GDP beat the growth forecast of 5.6% for the two months," Vladimir Semashko added...

Belarusian Railways, DHL Global Forwarding sign memorandum of understanding
The parties considered cargo transportation in container trains along the China-Europe-China route...

Belarus, Ukraine set to reach $5.5-6bn in trade in 2018
Speaking about the ways to boost mutual trade, Igor Sokol said that first of all these are supplies of products of mechanical engineering, petrochemistry, light industry, and food to Ukraine...

Lukashenko: Private property is always more efficient than collective ownership
"We are not euphoric about private property. You want state-controlled property to fall into private hands overnight? These are systemic changes. But they have never written specifically what these systemic changes are"...

CIS standardization bodies to discuss mutual trade development
The agenda includes more than 20 issues in the field of standardization aimed at improving the quality and competitiveness of products and services, promoting mutual trade and cooperation in the technical and economic sectors...

Made in Belarus expo opens in Ukraine’s Kiev
The exhibition in Kiev will also include business program with presentations of Belarusian enterprises. The key event of the business program will be the conference "Ukraine-Belarus: prospects for cooperation" on 10 April...

Belavia to offer flights to Munich, Madrid as from 2019
"We intend to offer new regular service to Rostov-on-Don and Kazan this year. As far as the next year is concerned, we are considering offering flights to Munich, Madrid, and Voronezh"...

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...