Business news

Belarus to sell batch of oil products in transit via Russian ports
In 2018 Belarus may export up to 1 million tonnes of oil products via Russian ports, provided the economic terms are gainful... 　

Plans to unveil Belarus-China construction and design institute in January 2018
"During the meeting, the sides came up with specific decisions to complete the establishment of a joint construction and design institute which should become the most innovative design organization in the country"...

Belarusian Mogilevliftmash to start making travelators in 2018
A prototype travelator (a moving walkway) has been made in association with Chinese partners. The product has passed electromagnetic compatibility tests in line with the relevant technical regulations on safe machines and equipment...

Over 60 companies with Azerbaijani capital in Belarus
Rufat Mammadov, the head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), said during the Azerbaijan-Belarus business meeting in Baku. Rufat Mammadov noted that investment cooperation and trade relations between the two countries have been gaining momentum...

Belarus’ Grodno Oblast intends to boost trade with Azerbaijan
"In January-October 2017, the trade turnover between Grodno Oblast and Azerbaijan amounted to $5 million,” he said. “But this figure does not reflect the full potential of our trade relations. I think that we can double and even triple this figure"...

Belarus’ better business climate, new opportunities for investors presented in Berlin
The sides stated with satisfaction the positive dynamics in trade and the emergence of new German investment projects in Belarus, including in the China-Belarus industrial park Great Stone...

Deeper Dnieper River to facilitate cargo transportation between Belarus, Ukraine
The roadmap will be implemented as part of the international project to restore the E40 route. It will be another avenue of Belarusian-Ukrainian cooperation in the development of transport and logistics corridors in the North-South direction using inland waterways...

Belarus, Egypt agree to launch engine assembling
During the meeting with representatives of Egypt’s leading engine producer Helwan Diesel the parties reached an agreement to set up a plant to assemble the most in-demand engines on the Egyptian market...

Belarus’ gold, forex reserves exceed $7.4bn
Belarus’ gold and foreign exchange reserves were bolstered thanks to the budget revenues, including export duties on oil and oil products and revenues from selling government bonds nominated in foreign currency by the central bank and the Finance Ministry...

Belarus to ship $1.4m worth of textile fabrics to Brazil
The parties discussed supplies of fabrics to the Brazilian market, the ways to renew cooperation with Belarusian shirt producers, and expand the assortment of linen fabrics supplied to Brazil...

Russia’s Kursk Oblast shows interest in further cooperation with BelAZ
"We consider cooperation with the Belarusian plant as constructive. This is responsible partnership which benefits each party. We are interested in preserving and further developing the relations we have"...

Belarus, Russia’s Kaluga Oblast to step up cooperation in industry, agribusiness, science
Alexander Shumilin views cooperation with Russian regions and regular forums of regions as top-priority avenues of interaction...

Russia's Kaluga Oblast interested in Belarus’ expertise in rural development
“We are actively working on the development of rural settlements. One of the ideas is the construction of so-called agro-towns. We know that similar projects have already been implemented in Belarus"...

Information technologies in customs service to help increase Belarus’ foreign trade
The official said that the Customs Code of the Eurasian Economic Union (EAEU) welcomes such novelties as the introduction of information technologies and digital declarations. The document also provides for mandatory advance information sharing...

Current status of EBRD’s country strategy for Belarus reviewed in Minsk
EBRD noted the highest level of interaction with Belarus in over 25 years of cooperation...

WB projects Belarus’ GDP growth at 2.1% in 2018
"Russia’s moderate economic growth and grwoing prices for raw materials boosted commodity exports and revitalized the domestic business activity, especially in the manufacturing industry. The sector of services also gained momentum"...

Belinvestbank, EBRD plan to implement pilot project to restructure state-owned enterprise
"The Bank plans to take part in this project as a manager. The project will be launched in a matter of months. “I think, we will begin to work in 2 to 3 months. We need some time to get the project approved in the government"...

Belarus, Russia’s Vladimir Oblast to step up cooperation in energy sector
"The parties will discuss issues related to the intesification of regional cooperation in the energy sector, including the gas and peat industry, and also in the agro-industrial complex, housing and utilities services, construction, infrastructure"...

Belinvestbank to get EBRD’s subordinated loan in mid December
"By mid December we expect a subordinated debt facility from the EBRD to the amount of €50 million. The funds will be used to increase the limit on major lending programs, including trade financing"...

Belarusian newsprint mill starts selling newsprint to China
The company exports more than two thirds of the output. The main importers are China, Ukraine, Moldova, Hungary, Poland, Serbia, and Pakistan. In January-October 2017 the export growth rate totaled 113% as against the same period of last year...