Business news

Belarus named among best forex markets in EAEU, Western Europe
"According to many experts and market participants, today Belarus’ forex regulations are among the most attractive and well-devised in comparison with other EAEU and Western European markets. They rely on a solid and carefully developed legal framework"...

Opinion: GDP figures show Belarusian economy is on path of recovery
The expert stated, however, that the country’s economic recovery was driven mainly thanks to the external factors. These included the resumption of full oil supplies from Russia, the increased prices for oil and oil products...

Capital investments in BelNPP up 24.2% in January-September 2017
In line with the 2017 forecast, the organizations affiliated with the Energy Ministry plan to use around Br2.2 billion of capital investments...

Belarus among world’s top 10 metal cord manufacturers
In the last five years, BMZ’s sales of metal cord went up by 15%, and the geography of export covered another six countries: the UK, Egypt, Turkey, Tunisia, Brazil, and the Netherlands...

Belarusian nuclear power plant gets another set of steam generators
Core equipment of the reactor plant is being delivered to the construction site now, noted Vitaly Medyakov, ASE Group Vice President for the Belarusian nuclear power plant project. “We expect the transport sluice to be delivered within the next few days,” he said...

Belarusian food products in great demand in Georgia
The range of Belarusian food products on the Georgian market is wide enough. Especially popular with locals are dairy products such as butter, milk, sour cream, cheese, cottage cheese, yogurt. Over the last two years the sales have grown considerably...

Belarusian state furniture makers report strong non-CIS export figures
Bellesbumprom enterprises export 65% of the furniture they make. In January-September 2017 furniture export totaled $77.3 million, 121.1% as against the same period of last year...

Belarusian furniture manufacturers to take part in Mebel 2017 expo in Moscow
The program includes a roundtable on the prospects for the production and export of furniture, the 15th forum of directors “Furniture as Business”. It is the largest business event in the furniture industry which involves more than 150 delegates...

EDB raises 2017 GDP growth outlook for Belarus to 1.8%
"We believe that improved medium-term outlooks for the region’s countries will depend, to a significant extent, on their capability to use the potential of their internal economic growth drivers"...

Localization rate at new Belarusian car factory to exceed 50% in 2018
Plans have been made to use the full fabrication cycle to make Geely NL3 and NL4 crossovers and the Geely FE3 sedan...

Longer warranty period for Belarus-made Geely cars under consideration
“We should extend the warranty period to five years. We already offer four years and 100,000km of mileage. We need five years. It has to be done”...

Belarus-Germany tighter cooperation in electric transportation suggested
“We see additional opportunities for stepping up economic cooperation through opening new joint ventures meant to make high-tech products"...

Over half of Vitebsk Oblast-made innovative products bound for export
According to Oleg Matskevich, innovative products account for nearly 30% of the sales of Vitebsk Oblast industrial companies. This figure is one of the highest in Belarus...

Hope for robust business cooperation between Belarus, Germany
"We welcome the growing interest of German business in Belarus and are ready to provide necessary support to joint Belarusian-German projects oriented at the huge market of the Eurasian Economic Union and China’s New Silk Road initiative"...

Belagroprombank, Helaba sign agreement on long-term financing
"Developing a solid legal framework with the Bank that has a strong financial position and an extensive customer network in the industrialized regions of Germany will increase the capacity of Belagroprombank in terms of long-term financing of foreign trade projects"...

St Petersburg Exchange interested in Belarus’ experience
"BUCE-authored methodology and software solutions ensure the necessary level of competition and transparency in trading, and make the resources equally available for all the competitors"...

Poland’s Lodz Voivodeship interested in tighter cooperation with Vitebsk Oblast
The relevant statement was made by Ewa Lapaj, head of the marketing support center of the Polish town of Radomsko, in Vitebsk...

Belarusian electric bus on trial runs in Saint Petersburg
Belkommunmash will ship another 25 vehicles of the 32100D model to Saint Petersburg by the end of the year. Those are trolleybuses with an increased autonomous range (up to 15km), which can draw power from overhead lines or from their onboard batteries...

Belarus’ National Academy of Sciences elects six foreign members
The session of the NASB General Meeting was held on 16 November. It gathered over 500 representatives of academic and sectoral institutions, universities, government bodies, members of the NASB presidium, top officials, and leading Belarusian scientists...

Unwavering interest in Minsk Forum as Belarus-EU event underlined
"If there was no such forum, we would have to create one. The number of participants, who are eager to take part in it every year, vividly demonstrates that even 20 years down the road the forum is still interesting for both sides"...