Business news

Belarus’ Industry Ministry interested in bolstering trade, industrial ties with Turkey
We are ready to develop cooperation in all areas that fall within the competence of the industry ministries. These include instrument engineering, machine tools, metallurgy, opto-mechanical and electro-technical industries, and many others...

China-Europe rail freight traffic through Belarus up twofold in 2017
Over 3,000 China-Europe trains passed through Belarus in 2017 to date, Vladimir Morozov pointed out. The rail freight traffic bound for Europe is expected to remain in an uptrend in 2018, too...

Belarusbank allocates Br620m to finance small business in 2017
He stressed that business loan interest rates are “quite acceptable”. Belarusbank plans to offer financing for a period of up to ten years with a certain grace period on principal payments...

European Investment Bank okays motorway reconstruction in Belarus
The bank executives spoke highly of the quality of the emerging cooperation with Belarus, the expertise of specialists in the Belarusian Economy Ministry, other government agencies, banks...

S7 Airlines to launch Minsk-Novosibirsk air service on 2 May 2018
Non-stop flights will depart from the Tolmachevo Airport on Wednesdays at 11:10 to arrive in Minsk at 12:15. The return trip will leave Minsk at 13:15 to arrive back in Novosibirsk at 22:00...

Belarus, EU to continue dialogue on trade in Brussels on 18 December
The agenda of the meeting envisages the discussion of trade and economic cooperation, including the use of non-tariff measures to regulate foreign trade, the development of bilateral cooperation in standardization...

Electricity consumption in Belarus to grow by 3bn kWh by 2020
The first power-generating unit of the Belarusian nuclear power plant is scheduled for commissioning in 2019. As soon as it operates at full capacity, electricity supply will be growing faster than demand...

Russia’s Primorye Territory interested in assembling Belarusian utility vehicles
The sides discussed the possibility of Amkodor taking part in implementing the import substitution policy and various regional programs on developing Primorye Territory...

Belarus-Chelyabinsk Oblast trade up by third in January-October 2017
Belarus-Chelyabinsk Oblast trade totaled $235.4 million in January-October. Belarus major exports were region trucks, road construction equipment, tires, refrigerators, deep freezers, components and accessories for cars and tractors...

Belarus, Russia to create advanced planet scanning satellite
“We are in negotiations with companies from various countries for the sake of creating equipment, including through joint efforts. The creation of a satellite for the remote sensing of Earth with an extremely high resolution is the closest project we can implement today, including for export purposes"...

NASB produces Br1.5bn worth of biotechnological products in 2016-2017
"Science is shifting to cluster organization. A number of important application-oriented clusters have been created in the fields of engineering, instrumentation, microbiology, genetics, pharmaceutics, opto- and microelectronics, and composite materials"...

Lukashenko instructs to boost food import substitution
“We need to intensify import substitution on the Belarusian food market. The retail sales share of some imported food products remains unreasonably high,” Alexander Lukashenko said...

Belarus president encourages medical science to explore new technologies
“Medical scientists should more actively master new technologies, work out and introduce modern screening programs, put efforts into making the available medical services cheaper”...

Lukashenko urges to look into feasibility of BelBiograd project
“Please think about it. I am ready to support your decision if you answer the following question: can we develop certain branches in the existing system? If we cannot, we will create a specialized facility”...

Belarus president wants better labor productivity in agribusiness
Alexander Lukashenko remarked that a number of internal problems of economic and social nature continue to plague Belarusian agribusiness. The president believes the problems should be resolved through reliance on science. First of all, it is necessary to increase labor productivity, which remains twice as low as that in the European Union....

Call to boost high-technology manufacturing in Belarus
“In recent years, the share of high-technology industries has grown insignificantly: from 2.5% in 2010 to almost 3% in 2016. The share of low-technology manufacturing still makes up more than a third of the real economic sector, going up from 30% in 2010 to 35% in 2016,” the head of state said...

Belarus’ food security relies on new domestic technology
“We have not only become self-sufficient in this regard. We have become an export-oriented country (the share of exports of agricultural products and foodstuffs in merchandise exports amounted to 17.7% in 2016). For 10 years, agricultural production has expanded by 30%"...

Belarus’ electricity imports down threefold due to energy system modernization
According to the head of state, the country saved up around two million tonnes of oil equivalent over the last five years. Belarus also saw a significant drop in air emissions...

Russian Atomenergomash ships reactor lid for second unit of Belarusian nuclear power plant
The upper unit includes a lid with ducts, an air vent pipe and metal structures with a traversing bar. The shipped products weigh 130 tonnes...

Belarus plans to sign agreements on cooperation in science with Spain, Austria, Argentina
"Belarus actively promotes cooperation in innovations and science with foreign countries: agreements on cooperation in science and technology have been signed with 46 countries, in innovations with more than 50 states"...