Business news

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...

Belarusian Chamber of Commerce and Industry launches School of Export project
The business seminar Africa. Export Prospects has become the first event organized under the School of Export project...

Belarus president backs proposal to more actively involve private sector in lawmaking
"In order to discuss draft legislation before it comes into force. Not after like it sometimes happens in Belarus"...

Africa viewed as promising market for Belarus
“Trade is the first level of cooperation, which will make part of our interaction with Africa. But as for Africa and other regions, we are primarily talking about some more advanced forms of cooperation, namely the establishment of joint ventures”...

Nigeria shows interest in assembling Belarusian tractors
"In early April I plan to visit Belarus with a delegation of Nigerian businessmen to establish contacts with local businessmen. We are set to hold talks with the Minsk Tractor Works"...

Tbilisi to test drive Belarusian electric bus
The interest in eco-friendly vehicles is shown not only by Tbilisi but also three more cities of Georgia. All of them need to renew their public transport parks...

China’s Hunan Province keen on Belarusian food
"China views Belarus as a reliable partner and pins hope on the China-Belarus industrial park Great Stone, which is viewed as an important link of the new Silk Road"...

Belarusian manufacturers to go on display in Kiev 10-14 April
The leading Belarusian companies will demonstrate their products and solutions in mechanical engineering, petrochemistry, transport, logistics, agriculture, food industry, light industry, and tourism...

IFC raises trade finance support ceiling for Belarusian BNB Bank
As part of the Global Trade Finance Program (GTFP) in early March 2018 the IFC increased its guarantee line for supporting trade finance operations for BNB Bank by $5.5 million. The maximum duration for such operations was increased from one year to two years...

Belarus plans to increase farming exports to Asia
According to the deputy minister, the exports increase mainly thanks to the timely potato, vegetable and fruit development programs...

China’s Zoomlion Company keen to co-produce firefighting vehicles with Belarus
"The sides discussed a joint project to build a plant for special vehicles in the Belarus-China industrial park Great Stone. The project is estimated at $30 million"...

Belarusian-South African business seminar held in Pretoria
South African business representatives learned more about the manufacturing and export potential of Belarus...

Belarus-Lithuania rail freight traffic up by 15% in 2017
“The sides discussed Belarus-Lithuania rail freight traffic in 2017 and ways to boost it in 2018. Last year, there was a positive momentum in freight traffic which reached 33.4 million tonnes, up 15% from 2016”...

China positive about good prospects of Great Stone products in EU, EAEU
The Chinese-Belarusian industrial park Great Stone has become the biggest joint project for the two countries. “The park continues developing attracting investors from China and other countries to Belarus”...

Belarus’ investment opportunities on display in China’s Chengdu
Belarusian Deputy Economy Minister Pavel Utyupin gave a presentation on the investment opprtunities of Belarus for businessmen from Sichuan Province...

Minsk offers Georgia partners to develop MICE tourism
MICE tourism (Meetings, Incentives, Conventions, and Events) emerged in the west and quickly became one of the most promising sectors of the economy. Today the MICE tourism centers are the United States, United Kingdom, Australia, Germany, France, Austria and Spain...

Belarus Development Bank works on three supply contracts with Georgia
In his words, the bank is working on three contracts. “The first one is 25-30 harvesters that Georgia wants to buy before the harvest season 2018. The second major contract envisages fire engines on MAZ chassis. The third contract is on the refit of lifting equipment in the Georgian housing stock”...

Belarusian companies among 2017 CIS Quality Excellence Award winners
This prestigious award has been awarded in recognition of high achievements in the production of high-quality and competitive goods and services, export growth, cultivating he high reputation of the CIS manufacturers both in the CIS market and foreign markets...

Belarusian Gomselmash to set up assembly enterprise in Russia’s Bashkortostan
The document provides for using premises of the OOO Tekhresurs dealership to set up an enterprise to assemble Palesse grain harvesters...

Belarusian MAZ to sell $1m worth of dump trucks to Georgia
In his words, work is in progress on contracts on delivering fire-fighting equipment for the Georgian Emergencies Ministry. The sides are also discussing the possibility of selling passenger buses to Tbilisi...