Business news

Belarus’ external debt down 1.7% to $16.4bn in January-February 2018
As of 1 March 2018, Belarus’ foreign debt totaled Br41.4 billion, down by Br 791.5 million or 1.9% from 1 January 2018...

Plans to set up personified vaccine R&D centers in Belarus, Saint Petersburg
The R&D centers will use cell technologies to develop personified vaccines and treatment solutions, primarily solutions to treat oncological diseases and other socially significant diseases...

Cooperation with Russian partners helps Belarus reduce price for targeted therapy
As a result, their accessibility for patients has greatly improved. “If earlier their accessibility was estimated at the level of 30-40%, today this figure surpasses 95% for those cancer patients who need these drugs”...

Retooling to make products of Belarusian optics group BelOMO more competitive
Relevant decisions should be made at the level of the Belarus-Russia Union State to stimulate the production of highly competitive products...

Fischer Sports may branch out into Belarus
“All the problems of winter sports will be discussed at the nearest meeting. I have made all necessary instructions, regarding skis and ski poles. We are currently in talks with Fisher. They are ready to move their production here from Ukraine, as they cannot supply Russia from Ukraine”...

Plans to produce roller skis, ski boots, snowcats in Belarus
The Belarusian footwear producer Marko will work on the production of ski boots. Minsk Tractor Works have already started designing snowcats...

Vietnam keen to import vehicles, dairy products from Belarus
Vladimir Semashko met with Vietnam President Tran Dai Quang to discuss bilateral cooperation in all fields of mutual interest...

Belarusian defense products on display in Malaysia on 16-19 April
By taking part in the DSA 2018, Belarusian defense contractors will be able to reach the markets of the Asia-Pacific Region...

About 60 companies taking part in BelTexIndustry 2018
"The exhibition has changed its name: from Beltexlegprom to BelTexIndustry. The format of the exhibition has changed as well. Today only 30% of the exhibitors on the site are Bellegprom companies"...

Belarusian specialists examining promising gold-bearing site in Sudan
"One site suggested by the Sudanese side has been examined and found unpromising. The specialists are now working at another site, which looks more promising"...

Belarus, St Petersburg secure food export deal for 2018
The meeting participants discussed prospects of industrial cooperation, supplies of Belarus-made trucks, passenger, utility, and road construction vehicles, foods and consumer goods to St Petersburg...

Civil engineering named important part of Belarus-St Petersburg cooperation
The residential districts will have a unique identity. They are meant to promote the cultural values of Belarus and St Petersburg...

PM: Belarus ready to develop electric bus routes in St Petersburg
According to Andrei Kobyakov, Belarus has a good track record in St Petersburg as it has supplied Metelitsa trams to the Russian city...

Pakistani delegation to study prospects of cooperation in light industry with Belarus
The purpose of the visit is to study concrete areas of further cooperation between Belarus and Pakistan in the sphere of light industry at the state and business levels with the implementation of joint projects...

Belarus president supports business decriminalization proposals
According to Alexander Turchin, the proposals mainly concern the articles of the Criminal Code regarding illegal business practices and pseudo-entrepreneurship. The proposals were approved by the president...

China’s Hunan Province eager to cooperate with Belarus in IT, healthcare, transport
As a successful example of bilateral cooperation Wang Kemin mentioned the establishment of the Zoomlion-MAZ joint venture. A factory to make utility vehicles will be built in the China-Belarus industrial park Great Stone as part of the project...

Belarusbank joins EBRD’s trade facilitation program
The relevant agreement was signed during the international conference Belarus: Trade Financing 2018...

Belarus, EBRD sign credit agreement on reconstructing P80 motorway section
The credit agreement will allow upgrading this part of the road to first-category road standards in order to complete the construction of the second ring road around Minsk...

Chinese aerospace corporation to set up enterprise in China-Belarus industrial park
A Belarusian delegation is in the People’s Republic of China on a visit. During the visit China Aerospace Science and Technology Corporation signed an agreement of intent to become part of the Great Stone industrial park...

Volume of export loans granted by Belarus’ Development Bank 2.4 times up in 2017
In 2017 the bank signed 21 direct export loan contracts, greatly expanding the geography of promotion and the choice of Belarusian products, which are sold abroad using export lending instruments...