Business news

Bryansk touted as permanent venue for Belarusian-Russian economic forums
The 53rd session of the Parliamentary Assembly of the Union of Belarus and Russia focused on problems in healthcare, education, and business in the format of the Union State...

Mogilev-based Domochay bakery starts selling into United States
"Now, as we have a solid partner in the USA, we have shipped an assortment of goods in a container. We have also reached a preliminary agreement to supply our products to the USA every month"...

Plans to sell Belarusian electric buses to Tehran
The Tehran administration is interested in using Belkommunmash electric buses in order to reduce air pollution levels. In turn, Minsk is ready to deliver the vehicles...

Belarus’ experience in MSW management laid out at seminar in Shanghai
The Belarusian side made a presentation on management of solid municipal waste in Belarus, in particular in Minsk, and on the possible areas of cooperation in this field...

Contract on Russian fuel for Belarusian nuclear power plant signed
As part of Rosatom’s integrated offer in addition to providing foreign nuclear power plants under construction with nuclear fuel for the duration of their operation on attractive terms TVEL Company is ready to work with customers to improve the design of the fuel assemblies...

Azerbaijan-Belarus trade projected at $150m in 2017
“The past year was very positive in terms of the economic relations between the two countries. In January-October, we saw a 15% increase in the bilateral trade which totaled $119 million"...

Two oil deposits discovered in Belarus
Both oil deposits are located in Rechitsa District, Gomel Oblast. The first one produced oil 4,200m below the surface after an exploratory well was drilled. The open hole produces oil to the tune of over 10m3 (8.7 tonnes) per day...

Chinese CNCEC may build nitrogen plant in Belarusian Grodno
Wang Lei informed about the Chinese company’s successful track record in building chemical enterprises in China, Russia, Egypt, and Indonesia. The sides discussed prospects of CNCEC taking part in the tender for building a nitrogen plant in Belarus...

Joint venture to promote Belarusian food in China
“A Belarus-China trading house will be registered in the Shanghai free trade zone. It will promote a wide range of Belarusian food products in China”...

Belarus seals deal to export beef, poultry to China
“This is the first contract our company has ever signed to import Belarusian beef and poultry. This year, we only imported dairy products from Belarus,” DRex Food Group President Dai Shiwei said...

Vitebsk's merchandise export projected to go up by 25% in 2017
Half of the industrial output produced in Vitebsk is bound for export. The foreign trade in services is forecast to surge by almost 200% in 2017 (against 2016). The growth was achieved across almost all types of services...

IMF appoints new mission chief for Belarus
The new chief was a member of an IMF mission to Belarus in November 2017...

Belarus negotiating selling beef to Iran
The sides discussed current matters of Belarus-Iran cooperation in agriculture and, in particular, prospects of cooperation of Belarusian and Iranian veterinary science and radiology specialists with a view to selling Belarusian beef to Iran...

Russia’s Rostov-on-Don imports 75 Belarus’ MAZ buses for 2018 FIFA World Cup
Vladimir Neronsky, head of the Rostov-on-Don office of the Belarusian Embassy in Russia, handed a symbolic bus key to Vitaly Kushnarev during the ceremony. The mayor, in turn, commended the quality and comfort of the Belarusian-made buses...

Belarusian engine maker MMZ ready for Euro-5 emission standard
Emission requirements for vehicles are specified by the Customs Union’s technical regulations. In line with the regulations the Euro-5 standard for cars came into force in Russia on 1 January 2016...

Base amount to go up in Belarus as from 1 January
The base amount is used to determine several welfare benefits, scholarships, taxes, duties, fines, and other payments...

Belarus-Russia trade at $26bn in 2017
“This year the trend of economy recovery and growth is observed both in the Russian Federation and also in the Republic of Belarus. The primary indicator is the level of economic relations, the level of trade. It reached $26 billion”...

Belarus’ central bank okay with cryptocurrencies in Hi-Tech Park
“The National Bank of the Republic of Belarus has a good attitude towards the legal means of payment we have — the national currency. When we talk about some national cryptocurrency, we see that the attitude of central banks is not exactly positive towards it"...

Lukashenko promises to consider problems in international road freight transport
The relevant matter was raised by Andrei Smolyar, a member of the Business Promotion Council, Chairman of the Board of Intertransavto. He pointed out that the international road freight transport in Belarus is largely represented by small private companies...

Lukashenko: I am the commissioner for entrepreneurship affairs in Belarus
Alexander Lukashenko remarked that some international organizations require a commissioner for entrepreneurship affairs in order to continue cooperation after a certain point. “Tell them that Belarus has a commissioner like that — me. It is my job to make sure that decisions are fulfilled,” stressed the head of state...