Business news

Georgia consider opening trading house in Minsk
The parties discussed the matters of bilateral cooperation in trade and economy which are of mutual interest. Valeri Kvaratskhelia noted that Georgia intends to consider the possibility of opening a national trading house in Minsk that will offer a wide range of products from Georgia...

Belarusian scientists develop technology to make 3D printing supplies
Under this project, the scientists have developed the formulas and a technology to make 3D printing supplies, and also started producing composite materials for 3D printing in small amounts, which are based on polymer raw materials made in Belarus...

Google, Amazon, Netflix get registered to pay digital VAT in Belarus
Sergei Nalivaiko reminded that amendments to the Tax Code with a view to taxing foreign digital services were prepared back in 2016 and came into force on 1 January 2018...

International Finance Corporation to help develop competition in Belarus
The relevant protocol of intent was signed on 17 January as a result of the meeting of Belarusian Antimonopoly Regulation and Trade Minister Vladimir Koltovich and Rolf Behrndt, IFC Global Practice Manager for Finance, Competitiveness and Innovation in Europe and Central Asia...

Minsk to host BelTexIndustry Fair on 28-30 March
BelTexIndustry is Belarus’ largest light industry exhibition. In 2017 taking part in the exhibition were more than 80 exhibitors from Belarus, Russia, Uzbekistan, the Czech Republic, and Pakistan...

Canada’s business delegation to visit Belarus in May-June
Nicolas Lepage noted that the meeting during the TIBO exhibition would demonstrate the Canadian businessmen Belarus’ latest achievements in one of the most interesting areas for cooperation – IT...

German company plans to set up furniture factory in Belarus
The sides will be attracting FDI to set up a factory producing soft furniture in Belarus. The project is estimated at €20 million in investment. The furniture will be made by Belarusian workers to be trained by German specialists beforehand. Then it will be exported to Europe...

Belarusian woodworking companies eager to help set up cluster in Egypt
During the meeting the sides discussed the main directions for advancing Belarus-Egypt relations and prospects of their reaching brand new levels...

Belarus’ GDP 2.4% up in 2017
Andrei Kobyakov stated that the GDP growth rate was 102.4% in 2017 while the forecast was 101.7%. Thus, the government managed to reach the economic growth parameters specified by the five-year program and compensated for the lag of 2016...

Belarus to allow cryptocurrency transactions as from 28 March 　
Only those commercial entities registered as HTP resident companies will be allowed to engage in token-related activities after 28 March...

Belarusian Belinvestbank now accepts JCB cards
JCB International Eurasia CEO Takashi Suetsugu and JCB International Executive Vice President, head of the division in charge of business development in Russia, CIS, and South Asia Yuichiro Kadowaki arrived in Minsk to test and launch the JCB payment system. Upon arrival they could use their JCB cards in the Minsk National Airport...

More new markets for Belarus' agricultural exports in 2017
"In 2017, Belarusian agricultural products were supplied to 68 countries, 17 out of which were new markets: Bahrain, Indonesia, Yemen, Malaysia, Mongolia, Nepal, New Zealand, Oman, Egypt, Madagascar, Austria, Finland, and others"...

Made in Belarus shop opens in China’s Chongqing
The shop is named Valosha; it sells Belarusian products which are in demand in China: milk, cheese, meat, vegetable oil, flour, chocolate, and alcoholic drinks...

Belarus’ Customs satisfied with advance electronic presentation of cargo information
Advance electronic presentation of cargo information allows evaluating all kinds of risks before the cargo arrives if spare time is available...

Belarus to take part in International Fair of Khartoum
The International Fair of Khartoum is Sudan’s biggest exhibition held annually since 1978. In 2017 more than 600 exhibitors all over the world took part in the exhibition...

BUCE, TAIFEX sign memorandum of understanding
“East Asia is a huge market that makes a significant contribution to the world economy. Developing it alone would be an extremely difficult task, so it was decided to make use of the support from a strong strategic partner who would help us gain a foothold in this region"...

Belarusian Railways to showcase its transit potential in Russia, Germany in 2018
The Belarusian company will continue to develop cooperation with foreign railway companies in international organizations...

Project to start producing basic chemicals in Belarus in the pipeline
Mikhail Myasnikovich pointed out that the production of polymeric materials develops fast all over the world...

Chinese companies show interest in investing in Belarusian agriculture
“It is important for us to move away from simple trade and exchange of goods to cooperation in the credit and investment sector. We have a clear understanding of how to move forward. I am confident that we will achieve even greater successes in bilateral cooperation in the near future”...

Belarus ready to become Silk Road Economic Belt hub
"The Silk Road Economic Belt initiative is absolutely beneficial for our open-economy country. We can see that as part of this initiative we can sell our goods along all the corridors that are being developed"...