Business news

Belinvestbank takes €50m subordinated loan from EBRD
The money was transferred as part of the arrangements made when EBRD President Suma Chakrabarti visited Belarus in September 2017. It is a unique deal for the Belarusian financial market...

Belarus' agricultural output up 4.1% in January-November 2017
State-run agricultural enterprises produced Br14 billion worth of merchandise, up 5.3% from January-November 2016 in comparable prices...

Knauf Gips to invest in Belarusian construction materials manufacturer Belgips
“It is a lot of money. We believe that the Belarusian market will develop with regard to the usage of our products. We will be able to satisfy the domestic market and export products,” noted Manfred Grundke...

Belarus to float $600m worth of eurobonds in Q1 2018
BelTA reported earlier that this year Belarus has floated eurobonds to the tune of $1.4 billion. The eurobonds were floated in two tranches with the interest rate of 7.125% and 7.625% respectively...

Belarus plans to get another two EFSD tranches by end of Q1 2018
Belarus will continue to cooperate with the EFSD, the minister underlined. “Loans are not the only form of financial assistance. We can carry out various investment projects, too,” Vladimir Amarin stated...

Belarus to borrow $1.2bn on home market, foreign ones in 2018
The Belarusian finance minister reminded that the draft state budget for 2018 suggests limiting the domestic state debt to Br10 billion. Belarus’ foreign state debt is supposed to be limited to $19.6 billion...

Capacity of Minsk conference hotels estimated at $70m a year
“Such activities can be organized by more than ten companies representing the destination. These conditions position Minsk as a venue for international conferences and corporate events. Other advantages include visa-free entry, safety, accessibility, and beauty of Minsk”...

Plans for Belarus-China joint venture to advance Belarusian products to China
"We have agreed with one of the leading Chinese companies to set up a joint venture in China to promote our products. This is the largest Chinese company, which has 6,000 outlets"...

Credit program to encourage Geely car sales in Belarus in development
Viktor Ananich remarked that the state will have to pitch in in order to make the loans affordable. “It is an international practice when many brands, including in Russia, are sold with the state support. This is why any options are possible”...

Belarus plans to start selling poultry into China in early 2018
“We reached an agreement to supply poultry to China. The first batches will be delivered to Hong Kong in January 2018. China will open its market for five leading Belarusian poultry companies in H1 2018”...

Belarus plans to export over 2,000 tonnes of starch to China in 2018
“Today China has a keen interest in our starch. We exported more than 1,200 tonnes of starch to the country in January-October 2017. During the visit, we sealed deals to supply over 2,000 tones of starch in 2018”...

Belarus, Turkey to cooperate in industrial property protection
According to the agreement, the sides plan to exchange technological information for economic development, carry out joint projects aimed at using industrial property instruments...

Price for Belarusian-made Geely Atlas NL3 announced
“This is the price for a limited number of vehicles for legal entities and individuals recommended by BelGee at the start of sales in 2017. There are plans to change the prices for Geely Atlas in the future,” Vitaly Chetyrbok said...

Geely's first car dealership opened in Minsk
Geely Center Minsk is located at 123 Timiryazeva Street. It will begin working by offering the crossover Geely Atlas NL3, which is assembled by the Belarusian-Chinese joint venture BelGee using the full-cycle manufacturing process...

Belarus, Drex Food Group to set up dairy farms in Vitebsk Oblast
Following the forum, Meat Dairy Company, Mogilev Meat Packing Plant, Vitebsk Broiler Poultry Plant, and Veles-Mit inked agreements and contracts to deliver $114 million worth of agricultural products to China in 2018...

Amkodor to expand cooperation with Perkins Engines to get access to EU market
Dave Robinson, Business Development Manager at Perkins Engines, named Amkodor a promising partner. This memorandum of understanding reaffirms our intention to develop long-term cooperation with Amkodor, he added...

Belarus, Turkey sign tourism cooperation program
The Turkish deputy culture and tourism minister stressed that Belarus is a country attractive to Turkish tourists, who are, first of all, interested in medical and eco-tourism. "We would like to develop relations with Belarus in tourism"...

Russia’s Krasnoyarsk Territory eager to buy more Belarusian lifts, food
BelTA learned from the press service of the embassy of Belarus in Russia after Ambassador Extraordinary and Plenipotentiary of Belarus to Russia Igor Petrishenko met with Krasnoyarsk Territory Acting Governor Alexander Uss in Moscow

Plans to implement technical aid projects in Belarus with EU4Energy assistance
As part of the EU4Energy program Belarus can get consultative aid from experts and can analyze international practices in the sphere of power engineering, noted the official. “The experience of creating a common electricity market is important since we are working to create one"...

Ambassador: Belarus-Poland trade should reach $2.5bn in 2017
“In 2017 we expect to reach $2.5 billion in mutual trade, up 20% from the previous year,” said the ambassador. The trade has been on the rise on both the sides...