Business news

Belarus suggests venture capital financing fund in CIS
The Interstate Council is meant to discuss more than ten matters, among them the implementation of the CIS interstate innovative cooperation program for the period up to 2020 and ways to attract more non-budgetary sources of financing for joint projects in science and technology...

Belarus, Cuba in talks on new credit line
“The first credit line is almost used. We purchased farm machinery with the help of these resources. We are currently in talks on the second credit line”...

Belarus’ export to Armenia 40% up in January-August
In January-August 2017 Belarus-Armenia trade rose by 22.7% to $23.2 million, with Belarus’ export up by 40% to $18.3 million...

Belarus signs Dubai Expo 2020 participation agreement
This proves a high level of cooperation between Belarus and the UAE and also the country’s intention to use every opportunity to develop bilateral relations and demonstrate the country’s latest achievements and potential at the international venue...

Nigeria interested in buying Belarusian cotton harvesters
Gomselmash has recently stepped up operation in Africa. Contracts were signed to deliver vehicles for trials to Egypt, Sudan, and Cameroon. Negotiations were held with representatives of Tanzania and other countries...

Prospects for new deliveries of Belarusian equipment to Indonesia discussed in Jakarta
Andrei Dapkiunas met with the leadership of the BelAZ trading house and the Indonesian partner company. The parties discussed the status of the project to supply 40 hauler trucks to Indonesia and the prospects for new deliveries of Belarusian equipment...

Belarus, Spain to galvanize cooperation in tourism
In his words, the opening of the Belarusian pavilion as part of one of Europe’s largest tourism expos in Madrid in January 2018 will help achieve the goal. The signing of a Belarusian-Spanish agreement on cooperation in the sphere of tourism will also help...

Belarus reaching for Latin America with Spain's help
"We are eager to help each other get into third markets. Spain shows interest in the market of the Eurasian Economic Union, Belarus seeks Spain’s assistance with entering Latin American markets"...

Belarusian, Spanish enterprises want to implement several investment projects
"The instruments that are proposed by the State Secretariat for Trade and the Corporate Internationalization Fund can be used by the Belarusian side for the financing of joint projects between Belarusian and Spanish enterprises"...

Belarus, Italy to research longevity genetics together
Sardinia is one of the world’s five areas with the largest number of centenarians. We would like to study the genetic predisposition to a long life together and find out why people on Sardinia live longer...

Belarus’ innovative biotechnology projects in spotlight of CEI ministerial conference
The forum’s participants are also expected to touch upon possible financing mechanisms for cooperation in the next years with a focus on biotechnology and support for partnership between science and industry...

Zambia interested in assembly of Belarusian tractors
The range of BELARUS equipment includes everything we need, from small tractors which can replace grubbing hoes in the near future to more powerful tractors. All MTZ equipment, including municipal vehicles, will be in demand in Zambia...

Belarus’ central bank to keep working to promote digital transformation in banking
The NBRB top official remarked that further measures to re-engineer business processes in banks, which lead to customer-centered policy, technological and organizational flexibility, are pretty evident...

Concept of Belarus’ instant payment system in the works
The bank’s top executive clarified this is about twenty-four-hour access from various electronic devices to safe protected irrevocable monetary transactions, including those involving third-party operators...

Belarus mulls over automated information system on monetary obligations fulfillment
"The client gets access to the services of any national bank, which promotes competition among banks and contributes to their readiness to introduce innovative products"...

Refinancing rate in Belarus down to 11%
It is the eighth time Belarus’ central bank reduces its refinancing rate this year...

Belarus suggests setting up vocational training center in Cuba
Jose Ramon Saborido welcomed the idea. In his words, personnel training is among the top-priority areas that Belarus and Cuba should develop in the education sector...

Belarus, Indonesia to boost cooperation in trade, investment
The relevant agreement was signed during the working visit of a Belarusian delegation led by Deputy Minister of Foreign Affairs Andrei Dapkiunas to Indonesia...

Belarusian economy hits annual GDP target in January-September
Labor productivity in GDP terms is on the rise — 103.2% in January-August. Export continues growing...

Bellesbumprom's exports to Azerbaijan up 2.3 times in January-August 2017
n January-August 2017 the Bellesbumprom companies exported $9.44 million worth of products to Azerbaijan, up 2.3 times from the same period last year...