Business news

Minsk to host Belarusian Industrial Forum on 29 May-1 June
The forum will include the 21st international exhibition TekhInnoProm: Technologies and Innovations in Industry, which will unite a number of themed sections...

China’s Sinomach plans to diversify operations in Belarus
Sinomach is the majority shareholder of the Chinese-Belarusian Industrial Park Development Company...

Construction of Belarusian-Indian pharmaceutical plant on track to be completed by 2018 year-end
The Indian company Hetero and the Belarusian Healthcare Ministry signed the general agreement on strategic partnership in September 2017. The project provides for the production of antiretroviral drugs and medications of thea general group in tablets and capsules...

Belarus, China may build flax processing facility in Mogilev Oblast
Consul General of Belarus to Shanghai Valery Matsel considered the matter as he paid a visit to the province. In particular, the development of flax industry was in the spotlight of his meeting with Wu Weifeng, Assistant General Manager of SUMEC Textile...

Bellesbumprom’s furniture exports to EU up by 23.6% in 2017
"Over the past 11 years the export of Belarusian furniture rose almost 1.5 times to reach $438.6 million in 2017. Bellesbumprom’s companies accounted for 26% of this amount. Now they are expected to strengthen their positions in the European market"...

Bellesbumprom’s output up by 25.2% in 2017
"In 2017, all Bellesbumprom-affiliated companies maintained a positive momentum across all social and economic indicators. The concern’s output surged by 25.2% to reach Br1.2 billion"...

Belorusneft plans to boost oil production in Russia in 2018
In line with the plans for the period up to 2023, the company aims to gradually augment oil production. This is why Belorusneft pays close attention to oil and gas exploration in Siberia, the chief engineer added...

Business promotion councils to be set up in every Belarusian oblast
"If not online, then in the "every other day" mode, we should trace the problems that businessmen face in the course of the implementation Decree No. 7. A continuous dialogue between the government and business is important"...

Belarus, China plan to set up joint scientific research bureau
A trilateral memorandum of cooperation was signed in Minsk on 9 February between the Qingdao International Economic Cooperation Zone Administrative Committee, the Joint Institute of Mechanical Engineering of Belarus’ National Academy of Sciences, and the company Easy Best (Beijing) Fund Management Company Limited...

Inflation in Belarus at 0.8% in January 2018
The base index of consumer prices, which does not account for changes in prices for individual goods and services susceptible to administrative and seasonal factors, stood at 100.8% in January 2018 vs December 2017...

High reputation of Belarusian producers confirmed as they tap into Chinese market
“Last year Belarusian livestock producers advanced to the market of friendly China. Almost 50 national companies got the corresponding certificates. That was not an easy task. China is the most complicated market”...

Belarus, China sign framework agreement on soft loan for investment project in agriculture
The signing ceremony tool place during a visit of Belarus’ Economy Minister Vladimir Zinovsky to China on 8-11 February...

Belarusian oil refineries advised to have alternative crude oil supply sources
Vladimir Semashko noted that in 2017 OAO Naftan and Mozyr Oil Refinery received 18 million tonnes of Russian oil for processing. This year the figures will be the same, as envisaged in the agreements with Russia...

Belarus exports to Russia’s Vologda Oblast up 49% in 2017
Belarus’ main exports to Vologda Oblast included means of land transport, automotive technology, measuring devices, parts and accessories for trucks and tractors. Belarus also supplied wood and wood products, furniture, clothes, food and other products...

World Bank plans to allocate $70m for thermal rehabilitation of housing in Belarus
"We have reached an agreement with Belarus’ government to provide over $50 million for the thermal rehabilitation of housing stock in Belarus and construction of biomass-fired boiler stations. In total, $70 million will be disbursed"...

Belneftekhim’s exports up 27.5% in 2017
According to Igor Lyashenko, last year Belneftekhim maintained the momentum in sustainable development and carried out several investment projects...

Belarus to raise soft loan from China for investment project in agriculture
“The Council of Ministers gave an instruction to arrange China’s subsidized loan in 2018-2023 for up to 15 years to set up a high-technology full-cycle agricultural manufacturing facility in 2016-2032 (first stage). The investment project is estimated at 1.75 billion yuan”...

Latvian ports interested in transit of Belarusian oil products, cargoes from Great Stone park
Latvia is in favor of developing the trilateral cooperation with Belarus and China, especially in part of attracting cargoes from the industrial park Great Stone and their transit via Latvian ports...

BelAZ doubles production output in January
BelAZ stressed that the enterprise updates and improves its products on a constant basis. The company uses new high-tech equipment, applies new production methods, improves the operational characteristics of machinery and design performance...

Belarus-Latvia rail freight traffic up 4.5% in 2017
In 2017, the volume of goods transported by rail through the Bigosovo-Indra border point reached 23 million tonnes, up 4.5% versus 2016. The cargo train ZUBR operating between Belarus and Latvia delivered some 5,000 twenty-foot equivalent units in 2017...