Business news

Belarusian engine maker MMZ ready for Euro-5 emission standard
Emission requirements for vehicles are specified by the Customs Union’s technical regulations. In line with the regulations the Euro-5 standard for cars came into force in Russia on 1 January 2016...

Base amount to go up in Belarus as from 1 January
The base amount is used to determine several welfare benefits, scholarships, taxes, duties, fines, and other payments...

Belarus-Russia trade at $26bn in 2017
“This year the trend of economy recovery and growth is observed both in the Russian Federation and also in the Republic of Belarus. The primary indicator is the level of economic relations, the level of trade. It reached $26 billion”...

Belarus’ central bank okay with cryptocurrencies in Hi-Tech Park
“The National Bank of the Republic of Belarus has a good attitude towards the legal means of payment we have — the national currency. When we talk about some national cryptocurrency, we see that the attitude of central banks is not exactly positive towards it"...

Lukashenko promises to consider problems in international road freight transport
The relevant matter was raised by Andrei Smolyar, a member of the Business Promotion Council, Chairman of the Board of Intertransavto. He pointed out that the international road freight transport in Belarus is largely represented by small private companies...

Lukashenko: I am the commissioner for entrepreneurship affairs in Belarus
Alexander Lukashenko remarked that some international organizations require a commissioner for entrepreneurship affairs in order to continue cooperation after a certain point. “Tell them that Belarus has a commissioner like that — me. It is my job to make sure that decisions are fulfilled,” stressed the head of state...

Lukashenko wants every business proposal examined
The head of state touched upon the work of the Business Promotion Council. “This is the only council set up under the president. This means that we take this matter very seriously"...

Lukashenko against imposing services of tax consultants on business
“I wish to warn the tax authorities: do not try to shift your work on tax consultants or impose their services on business. The company should decide by itself whether it needs the services of a tax mediator,” Alexander Lukashenko said...

National Bank to get EU support on Twinning project
The project will be implemented in 2018-2019 by a consortium of banks: Deutsche Bundesbank, the National Bank of Poland and the Bank of Lithuania. The partner banks will share advanced experience and modern banking operation methods...

Belarus, EBRD sign memorandum of understanding to support SMEs
The memorandum will help consolidate the agreements between the Economy Ministry and the EBRD on the implementation of the Advice for Small Business (ASB) program funded by the European Union...

Belarus, China to set up second joint design institute
A legal normative act has been worked out to set up the second joint design institute at the Institute Belgosproyekt together with China’s Beijing JianYi Investment and Development (Group) Co., Ltd...

Minsk to host Belarus-Pakistan Agricultural Forum in June 2018
Islamabad hosted the second Belarus-Pakistani forum of young scientists organized by the Institute of Information Technology at the Ministry of Science and Technology and the Academy of Sciences of Pakistan...

Belarusian Gomselmash to set up lab for agricultural machinery industry in 2018
The lab’s tools will be up to the world’s best standards. Two software and hardware complexes will be acquired with financial assistance of the Gomel Oblast administration and the Agriculture and Food Ministry...

Belarus exports $15m worth of baked goods in January-October 2017
“In January-October 2017, we supplied 12,000 tonnes of baked goods worth $15 million to 15 states, including Russia, post-Soviet countries, and Israel,” the minister said. He added that the range of products bound for export is constantly growing...

Opinion: Ordinance No.7 will promote services sector development in Belarus
“Ordinance No.7 will give a boost to the services sector and, first of all, to consumer services. I think this business will be growing most rapidly,” Alexander Kalinin said...

Supercapacitor production in China-Belarus industrial park Great Stone to begin in 2018
The park administration also expects that the American company Rukhtekh will start making laser equipment in 2018, too. The company is now busy building an enterprise to make laser equipment in the China-Belarus industrial park Great Stone...

Belarus’ Development Bank to earmark Br100m to support SMEs in 2018
“The Development Bank is set to generate Br150 million in profit next year. The funds will be considered as an additional resource to support SMEs and ensure a long-term stable operation of the Bank”...

Call for increased participation of Belarusian investors in Great Stone Park 　
There is a great interest in their presence in the Great Stone. MPs are also determined to present the potential of the China-Belarus industrial park in international platforms with a view to attracting foreign investors as well...

Opinion: Baltic withdrawal from BRELL will not affect Belarus’ power grid operation
The Belarusian power grid is self-reliant, Yevgeny Voronov underlined. Taking into account the small-scale exchange of electricity with the Baltic countries, there will be no consequences that will affect the reliability of Belarus’ energy supply...

Vietnam seeks closer cooperation with Belarus in science, IT
"We see a very great potential for cooperation in Belarus in all areas. For example, in addition to the traditional areas where we cooperate very actively, there is also a great potential in the IT sector. We plan to make the focus on this area"...