Business news

Belarus keen to put investment opportunities on show in Pakistan
Priority will be given to projects in mechanical engineering, agriculture, textile, pharmaceutics, and banking...

World Bank endorses 2018-2022 Country Partnership Framework for Belarus
"A sustained improvement in living standards in Belarus requires structural transformation, with a greater role for market forces and stronger targeted social programs"...

International logistics company from China eager to cooperate with Vitebsk Oblast
During the official meeting with representatives of the Vitebsk Oblast administration the guests expressed interest in agricultural products...

New resident company now part of China-Belarus industrial park Great Stone
It is going to start the production of miniature electronic boards with integrated components in line with the international standard IPC and set up a laboratory, which will offer RFID marking service to manufacturers...

Lukashenko urges to make original food products
We should take into account stiffer competition from foreign exporters and manufacturers, changing prices on the global food market, and also trade, political, and technical barriers, the president emphasized...

Ganja Automobile Plant rolls out 10,000th MTZ tractor
"Ten thousand MTZ tractors and some three thousand MAZ tractors assembled in Ganja prove that this is the right format of cooperation"...

Russia’s Bryansk Oblast interested in agribusiness cooperation with Gomel Oblast
"We are interested in expanding partnership in industrial, scientific, technical, and agrarian sectors of the economy, in culture, education, and sport," said Yuri Mokrenko...

Belarusbank offers preferential-rate loans to buy Belarusian-Chinese Geely cars
The loans are available with an interest rate of only 1.9% per annum (the refinancing rate minus 8.6 percentage points) in the first two to three years...

World Bank, Belarus to seal deal on additional €12m for forestry sector next week
According to the Forestry Ministry, the IBRD’s money was used to construct modern tree seed centers to grow ball-rooted planting stock and purchase the necessary vehicles and equipment...

Russian companies eager to sell more metal via Belarusian Universal Commodity Exchange
Alexander Romanov noted that Belarusian companies consume over 2.5 million tonnes of ferrous metals every year. About 25% of the figure is sold via the commodity exchange. It is primarily Russian metal...

Belarus, Russia to okay annual milk trade figures in Q2 2018
The official said that the work to determine the mutual trade volumes is being done at the ministry level. The Council of Ministers of the Union State of Belarus and Russia will pass the decision once the document is ready...

Belarus, Vietnam to start establishing joint dairy company soon
A Belarusian delegation led by Deputy Prime Minister Vladimir Semashko made an official visit to Vietnam from 28 to 30 March...

Belarus reduces export duties on oil, petroleum products
The export duties on crude oil and some categories of derivative oil products were previously revised on 1 March...

Belarus’ e-commerce sales may reach $1.5bn a year
In his words, over 4 million have at least once bought something online. They have mainly made purchases via Belarusian online stores (3.8 million)...

Belarus plans to boost farm exports to CIS countries in 2018
"Belarusian products are in demand in the CIS. The CIS consumers trust them"...

Belarus president visits cutting-edge dairy farm in Dzerzhinsk District
Alexander Lukashenko was told about the automation of many processes which helped improve the milk production system. A laboratory located at Vyazanka farm guarantees the high quality of local products...

Belarus mulls over butter exports to Morocco
According to the head of the main department for foreign economic affairs, Belarus is also in talks with Algeria. "We would like to enter the Algerian market with skimmed milk powder"...

Lukashenko visits black caviar farm in Minsk Oblast
The Belarus president was informed in detail about the technology of growing the fish and extracting the caviar, about the enterprise’s operation and plans to step it up. Alexander Lukashenko also personally sampled some products and appreciated their quality...

Belarusian BelAZ to roll out 290 tonne haul truck
The new vehicle will expand the lineup of haul trucks with a large carrying capacity, giving customers more options to choose the vehicles that match their operational conditions...

BUCE accredits first broker from Ukraine
According to Director of the Ukrainian company Yakov Shibetsky, the Belarusian market is of significant interest for the Ukrainian business, while the exchange mechanism excludes mediators and risks in the work with Belarusian economic entities...