Business news

China’s Jiangxi Province shows interest in cooperation with Belarus
The parties discussed the development of trade and economic cooperation between Belarus and Jiangxi Province, including the possibility for the Chinese province's businessmen to take part in the implementation of projects in the Great Stone Industrial Park...

Belarus hopes to export electricity to EAEU
As for the supply of electricity abroad, Vladimir Potupchik reminded reporters that Belarus exports electricity to Lithuania at present...

Minsk Oblast, Chinese Lanzhou to step up cooperation in tourism
In Minsk Oblast potential tourists from this region of China are primarily interested in historical and cultural places of interest, farm tourism and ecological tourism, healthcare tourism...

Automakers of Belarus, Russia's Nizhny Novgorod Oblast to sign cooperation program
The meeting discussed the areas for the development of bilateral cooperation. Mechanical engineering, supply of farm machines, utility vehicles and elevators have bee outlined as the most promising avenues of cooperation...

Belarus, Uzbekistan to make medications together
"Now we face a serious task: setting up an enterprise in Uzbekistan to make our pharmaceutical products to treat hepatitis, oncological diseases in order to work not only on the Uzbek market but markets of neighboring countries, too"...

Belarus, Uzbekistan to step up cooperation in mechanical engineering, agribusiness, pharmaceutics
The official said: "We intend to advance cooperation in various sectors. As for agribusiness we suggest a number of projects in artificial selection, seed farming, and animal husbandry"...

Belarus signs contacts to export oil products via Russian ports
The vice premier noted that in 2018 the export of Belarusian oil products via Russian ports may reach 1 million tonnes if the economic conditions are favorable...

Belarus’ export of oil products via Russian ports depends on expenses
“We have agreed to export small volumes of oil products providing the terms in the Russian ports are similar to those offered in the ports of other countries. We cannot afford to be philanthropists or sponsors,” Vladimir Semashko underlined...

Belarus’ Hi-Tech Park revenue to hit $1bn in 2017
The Hi-Tech Park operates successfully, regardless of any crises, Vladimir Semashko said. The park’s revenue grows year by year in the U.S. dollar equivalent and in real terms, the deputy prime minister added...

Demand for Belarusian electric buses abroad on the rise
Today, twenty electric buses serve two routes in the Belarusian capital. The project has helped reduce energy consumption by 14%. “This is the transport of the future”...

Belarus-Russia oil dispute fully settled
"The negotiations on oil and gas issues were tough and took about a year and a half. We were engaged in the talks virtually throughout 2016 and in early 2017. We have sorted out all the issues with oil supplies"...

Belarus, Russia in negotiations on pricing natural gas deliveries in 2020-2024
In his words, Belarus believes that the price for Russian natural gas at the border should be roughly the same as the price in nearby Russian regions...

Over 60% of Belarus’ industrial output bound for export
“Economic recovery was primarily driven by an increase in sales. The growth rate of exports shows positive dynamics, rising from 118.3% in January 2017 to 122.6% in January-October 2017”...

Belarus, China’s CITIC discuss joint projects for 2018
The vice premier was updated on the projects the Chinese company implemented in Belarus in 2017. Among them was the completion of the construction of the BelGee car factory...

Minsk airport’s second runway past 70% progress mark
“The second runway is being built in order to keep us in business at all times unlike, for instance, the Vilnius airport where services are suspended for the duration of repairs. We will not suspend our operations after the second runway is commissioned”...

Knauf Group ready to help export products of new Belarusian gypsum factory
Taking into account the successful implementation of the investment project in Belarus Knauf Group is ready to increase the volume of investments by €27 million to €70 million by setting up new manufacturing facilities as part of the investment project...

Plans to secure €1.5bn Belarus-Lithuania trade turnover
"The trends are positive, including in the sphere of investments. We have a positive outlook on the advancement of cooperation this year and next year"...

Belarus, China agree on major joint projects during industrial forum in Shenyang
The forum gathered over 150 representatives of industrial enterprises from China’s northeast. Belarusian companies presented their export capabilities and investment opportunities...

Belarus to take part in International Fair of Khartoum
The International Fair of Khartoum has been held on an annual basis since 1978. It is a key exhibition event in Northeast Africa. Over 600 exhibitors from around the world took part in the event in 2017...

Belarusian Pharmland to implement two projects with Syrian partner
The delegation intended to get familiar with the Belarusian company’s experience of producing preparations out of blood plasma in addition to discussing cooperation opportunities. A preliminary agreement on implementing two projects in Syria was reached...