Business news

Belarus, China to set up second joint design institute
A legal normative act has been worked out to set up the second joint design institute at the Institute Belgosproyekt together with China’s Beijing JianYi Investment and Development (Group) Co., Ltd...

Minsk to host Belarus-Pakistan Agricultural Forum in June 2018
Islamabad hosted the second Belarus-Pakistani forum of young scientists organized by the Institute of Information Technology at the Ministry of Science and Technology and the Academy of Sciences of Pakistan...

Belarusian Gomselmash to set up lab for agricultural machinery industry in 2018
The lab’s tools will be up to the world’s best standards. Two software and hardware complexes will be acquired with financial assistance of the Gomel Oblast administration and the Agriculture and Food Ministry...

Belarus exports $15m worth of baked goods in January-October 2017
“In January-October 2017, we supplied 12,000 tonnes of baked goods worth $15 million to 15 states, including Russia, post-Soviet countries, and Israel,” the minister said. He added that the range of products bound for export is constantly growing...

Opinion: Ordinance No.7 will promote services sector development in Belarus
“Ordinance No.7 will give a boost to the services sector and, first of all, to consumer services. I think this business will be growing most rapidly,” Alexander Kalinin said...

Supercapacitor production in China-Belarus industrial park Great Stone to begin in 2018
The park administration also expects that the American company Rukhtekh will start making laser equipment in 2018, too. The company is now busy building an enterprise to make laser equipment in the China-Belarus industrial park Great Stone...

Belarus’ Development Bank to earmark Br100m to support SMEs in 2018
“The Development Bank is set to generate Br150 million in profit next year. The funds will be considered as an additional resource to support SMEs and ensure a long-term stable operation of the Bank”...

Call for increased participation of Belarusian investors in Great Stone Park 　
There is a great interest in their presence in the Great Stone. MPs are also determined to present the potential of the China-Belarus industrial park in international platforms with a view to attracting foreign investors as well...

Opinion: Baltic withdrawal from BRELL will not affect Belarus’ power grid operation
The Belarusian power grid is self-reliant, Yevgeny Voronov underlined. Taking into account the small-scale exchange of electricity with the Baltic countries, there will be no consequences that will affect the reliability of Belarus’ energy supply...

Vietnam seeks closer cooperation with Belarus in science, IT
"We see a very great potential for cooperation in Belarus in all areas. For example, in addition to the traditional areas where we cooperate very actively, there is also a great potential in the IT sector. We plan to make the focus on this area"...

China’s Jiangxi Province shows interest in cooperation with Belarus
The parties discussed the development of trade and economic cooperation between Belarus and Jiangxi Province, including the possibility for the Chinese province's businessmen to take part in the implementation of projects in the Great Stone Industrial Park...

Belarus hopes to export electricity to EAEU
As for the supply of electricity abroad, Vladimir Potupchik reminded reporters that Belarus exports electricity to Lithuania at present...

Minsk Oblast, Chinese Lanzhou to step up cooperation in tourism
In Minsk Oblast potential tourists from this region of China are primarily interested in historical and cultural places of interest, farm tourism and ecological tourism, healthcare tourism...

Automakers of Belarus, Russia's Nizhny Novgorod Oblast to sign cooperation program
The meeting discussed the areas for the development of bilateral cooperation. Mechanical engineering, supply of farm machines, utility vehicles and elevators have bee outlined as the most promising avenues of cooperation...

Belarus, Uzbekistan to make medications together
"Now we face a serious task: setting up an enterprise in Uzbekistan to make our pharmaceutical products to treat hepatitis, oncological diseases in order to work not only on the Uzbek market but markets of neighboring countries, too"...

Belarus, Uzbekistan to step up cooperation in mechanical engineering, agribusiness, pharmaceutics
The official said: "We intend to advance cooperation in various sectors. As for agribusiness we suggest a number of projects in artificial selection, seed farming, and animal husbandry"...

Belarus signs contacts to export oil products via Russian ports
The vice premier noted that in 2018 the export of Belarusian oil products via Russian ports may reach 1 million tonnes if the economic conditions are favorable...

Belarus’ export of oil products via Russian ports depends on expenses
“We have agreed to export small volumes of oil products providing the terms in the Russian ports are similar to those offered in the ports of other countries. We cannot afford to be philanthropists or sponsors,” Vladimir Semashko underlined...

Belarus’ Hi-Tech Park revenue to hit $1bn in 2017
The Hi-Tech Park operates successfully, regardless of any crises, Vladimir Semashko said. The park’s revenue grows year by year in the U.S. dollar equivalent and in real terms, the deputy prime minister added...

Demand for Belarusian electric buses abroad on the rise
Today, twenty electric buses serve two routes in the Belarusian capital. The project has helped reduce energy consumption by 14%. “This is the transport of the future”...