Business news

Belarus, UK discuss diversification of exports, investments
The UK is one of Belarus’ top five trading partners with the total trade turnover of $2.65 billion in 2017 (up 114.4%)...

Belarus plans to ramp up furniture exports to EU
The customers are scheduled to come to Belarus soon to learn more about the samples of furniture and the manufacturing capacities of Belarusian companies. Business partners from Denmark, Germany, Hungary, and Poland are expected to visit the country...

Bellesbumprom exports to Russia up by 34.6% in January-February 2018
According to Bellesbumprom Chairman Yuri Nazarov, Russia is a traditional market for the concern, accounting for more than 35% in the total volume of its exports...

Tentative plans to open two Belarusian-Indian joint ventures by year end to make medications
“Three such enterprises have been established already. I hope that two of them will start making products by the end of this year and the new medications will appear in Belarusian pharmacies,” said the ambassador...

Moody's upgrades Belarus' sovereign ratings
The outlook remains stable. The upgrade of Belarus' ratings to B3 was driven primarily by the country's strengthening external liquidity position and the narrowing of the current account deficit...

Belarus’ GDP 5.6% up in January-February
In current prices Belarus’ GDP stood at Br17.2 billion or 105.6% in comparable prices as against January-February 2017...

Belarus’ Development Bank to allocate over Br1.2bn to finance government programs
Some Br1,283.33 million will be allocated for these purposes...

Belarus, France discuss investment projects, business cooperation
The Belarusian diplomat met with Jean-Baptiste Lemoyne, France’s Secretary of State at the Ministry of Europe and Foreign Affairs. The sides discussed bilateral and multilateral cooperation, prospects of Belarus-EU dialogue in the Eastern Partnership...

Chinese billionaire plans to set up car rental system for public use in Belarus
The project is meant to form a car rental system for public use. All the major operations (car reservation, information support, including 24/7 hotline, payment for services, and others) will be performed via means of mobile communication using customized software...

BelAZ plans to start exporting dump trucks to Mexico in 2018
"We have found a local partner, Mazon group of companies, together with Belaz North America which is in charge of the Northern American market. The registration of a local representative office in Mexico is nearing completion"...

Russian food quality watchdog scraps plans to ban Belarusian dairy imports as from 15 March
BelTA reported earlier that Rosselkhoznadzor postponed the introduction of a ban on milk deliveries from Belarus to 15 March. Initially the Russian agency intended to ban imports from Belarus on 26 February...

Minsk Kristall plans to advance to U.S. market
"At the moment we are selling to 23 countries, including to China, Vietnam, Kazakhstan, Georgia, Latin America, Europe, and many more. Vodka is mainly in demand, and we are looking for options to expand the geography of exports"...

Minsk to host Central and Eastern Europe oil and gas markets conference on 9-11 April
The event will analyze the current state of the world market of oil, oil products and liquefied petroleum gas (LPG) and the trends on the markets of oil, oil products and liquefied petroleum gas in the Central European countries, Belarus, Ukraine, the Baltic states, and the European part of Russia...

Belarusian balers successful in Egypt
"The Egyptian market is very promising for us. After the Belarusian head of state visited Egypt in January 2017, cooperation was invigorated across the board. We intend to expand our presence on this market and offer new kinds of machines to Egyptian farmers"...

Belarusian Belkommunmash working to sell electric buses to Georgia
Experimental operation of the innovative transport is under consideration now. It will have to evaluate the performance of Belarusian electric buses in complicated terrain conditions. Further steps to develop the infrastructure will be assessed, too...

Belarusian delegation in Moscow for talks over milk supplies
Belarus suggested developing a roadmap to resolve the milk trade dispute with Russia. The document will help lift the ban on the supplies of Belarusian dairy companies to the Russian market...

IT breakthrough: Number of Belarus’ Hi-Tech Park resident companies up by 25%
"The park’s impressive growth is caused by the adoption of the Digital Economy Development Ordinance by the Belarus president in December 2017. The IT community has praised the document and has taken reciprocal steps in return"...

Belarus to connect trade routes of Germany, China
“Our goal is to develop a green transport corridor Nuremberg-Minsk-Urumqi, which is an object of interest for a number of countries. It will help facilitate the transportation of goods for China and Germany and expand the transit potential of Belarus”...

Belarus plans to take part in hydrocarbon production projects in Africa
"Now we are closely working with the relevant authorities and the leadership of Congo-Brazzaville. Most likely, we can participate in the oil production projects in that country. Equatorial Guinea is also of interest of us"...

Belarus may reach $3bn in trade with Africa in near future
“Taking into account the arrangements we have reached with southern Africa alone, I can say that the trade with the region will reach no less than $2.5 billion. If we add Sudan, Egypt, other countries, Equatorial Guinea, the target of $3 billion in trade is attainable”...