Business news

Minsk to host BelTexIndustry Fair on 28-30 March
BelTexIndustry is Belarus’ largest light industry exhibition. In 2017 taking part in the exhibition were more than 80 exhibitors from Belarus, Russia, Uzbekistan, the Czech Republic, and Pakistan...

Canada’s business delegation to visit Belarus in May-June
Nicolas Lepage noted that the meeting during the TIBO exhibition would demonstrate the Canadian businessmen Belarus’ latest achievements in one of the most interesting areas for cooperation – IT...

German company plans to set up furniture factory in Belarus
The sides will be attracting FDI to set up a factory producing soft furniture in Belarus. The project is estimated at €20 million in investment. The furniture will be made by Belarusian workers to be trained by German specialists beforehand. Then it will be exported to Europe...

Belarusian woodworking companies eager to help set up cluster in Egypt
During the meeting the sides discussed the main directions for advancing Belarus-Egypt relations and prospects of their reaching brand new levels...

Belarus’ GDP 2.4% up in 2017
Andrei Kobyakov stated that the GDP growth rate was 102.4% in 2017 while the forecast was 101.7%. Thus, the government managed to reach the economic growth parameters specified by the five-year program and compensated for the lag of 2016...

Belarus to allow cryptocurrency transactions as from 28 March 　
Only those commercial entities registered as HTP resident companies will be allowed to engage in token-related activities after 28 March...

Belarusian Belinvestbank now accepts JCB cards
JCB International Eurasia CEO Takashi Suetsugu and JCB International Executive Vice President, head of the division in charge of business development in Russia, CIS, and South Asia Yuichiro Kadowaki arrived in Minsk to test and launch the JCB payment system. Upon arrival they could use their JCB cards in the Minsk National Airport...

More new markets for Belarus' agricultural exports in 2017
"In 2017, Belarusian agricultural products were supplied to 68 countries, 17 out of which were new markets: Bahrain, Indonesia, Yemen, Malaysia, Mongolia, Nepal, New Zealand, Oman, Egypt, Madagascar, Austria, Finland, and others"...

Made in Belarus shop opens in China’s Chongqing
The shop is named Valosha; it sells Belarusian products which are in demand in China: milk, cheese, meat, vegetable oil, flour, chocolate, and alcoholic drinks...

Belarus’ Customs satisfied with advance electronic presentation of cargo information
Advance electronic presentation of cargo information allows evaluating all kinds of risks before the cargo arrives if spare time is available...

Belarus to take part in International Fair of Khartoum
The International Fair of Khartoum is Sudan’s biggest exhibition held annually since 1978. In 2017 more than 600 exhibitors all over the world took part in the exhibition...

BUCE, TAIFEX sign memorandum of understanding
“East Asia is a huge market that makes a significant contribution to the world economy. Developing it alone would be an extremely difficult task, so it was decided to make use of the support from a strong strategic partner who would help us gain a foothold in this region"...

Belarusian Railways to showcase its transit potential in Russia, Germany in 2018
The Belarusian company will continue to develop cooperation with foreign railway companies in international organizations...

Project to start producing basic chemicals in Belarus in the pipeline
Mikhail Myasnikovich pointed out that the production of polymeric materials develops fast all over the world...

Chinese companies show interest in investing in Belarusian agriculture
“It is important for us to move away from simple trade and exchange of goods to cooperation in the credit and investment sector. We have a clear understanding of how to move forward. I am confident that we will achieve even greater successes in bilateral cooperation in the near future”...

Belarus ready to become Silk Road Economic Belt hub
"The Silk Road Economic Belt initiative is absolutely beneficial for our open-economy country. We can see that as part of this initiative we can sell our goods along all the corridors that are being developed"...

Belneftekhim wants fuel prices in Belarus on par with those in Russia
Today, retail prices for motor fuel in Belarus are lower than the prices at the filling stations in the neighboring regions of Russia (petrol prices are about 15% cheaper, diesel – 11%). Prices on the Ukrainian market are 48-68% higher than in Belarus. Prices on the markets of the Baltic states and Poland are 101-129% higher depending on the type of the fuel...

Inflation in Belarus at 4.6% in 2017
In December 2017 inflation in Belarus totaled 0.2% in comparison with November 2017...

Belarusian supersize truck maker BelAZ considering taking cryptocurrencies
“BelAZ always tries to keep up with the times and make its products more accessible. The company is considering selling its products in exchange for cryptocurrencies from 11 January through 30 January”...

Belarus sets up educational, scientific and production technological cluster
The main objective of setting up the cluster is to develop innovative approaches to technological education and ensuring the practical use of these approaches in training the engineering personnel. At the same time, the cluster members retain their legal independence...