Business news

Belarus, Moldova to set up joint bottling venture in Minsk in 2018
Belarusian Deputy Prime Minister Mikhail Rusy noted at the Belarusian-Moldovan business forum on 11 December...

Belarusian Railways to present its transit, logistics potential in Moscow
The roundtable session is supposed to deliver information about Belarusian Railways’ tariff policy for 2018. The event will present Belarusian Railways’ technical, technological, and logistics capabilities for transporting Russian foreign trade cargoes...

European project helps equip energy effectiveness labs in Belarus
"Taking into account the globalized nature of trade improving the capability of the standardization institute to test equipment is becoming important. It will help create products, which are competitive on various markets"...

World Bank's new framework partnership strategy discussed for Belarus
The parties also discussed the update of the Roadmap for Structural Reforms in Belarus and the adopted legal acts aimed at promoting business initiative and reducing barriers in involving people in the economic activity...

Trade between Belarus and Russia's Vologda Oblast up by 79% in January-September 2017
Trade and economic cooperation between Russia’s Vologda Oblast and Belarus is traditionally based on the interaction of large industrial enterprises of metallurgical, chemical, machine-building industries, timber industries, agricultural enterprises...

Belarus, Russia to continue dismantling barriers in mutual trade
Plans have been made to work out joint measures to further reduce the number of barriers, exemptions, and restrictions in mutual trade in addition to liberalizing business operation terms, said Andrei Kobyakov...

Belarus calls on Russia to aim for $40bn in bilateral trade
The two countries will continue working out joint measures to remove barriers in mutual trade, liberalize the economic activity. These approaches were taken into account when the priority areas for the Union State mid-term development for 2018-2022 were considered...

Belarus' exports of goods, services up 20.1% in January-October 2017
Belarus' foreign trade in goods and services totaled $58.489 billion, up by 19.6% from January-June 2016. Exports amounted to $29.537 billion, up by 20.1%; imports grew by 19.2% to $28.952 billion...

Belarus-Russia trade up 22.7% in January-September 2017
Belarus’ exports to Russia reached $9.5 billion (up 21%), the imports from Russia made up $13.7 billion, increasing by 23.8%...

Belarus considering floating bonds on Russian, Asian markets in 2018
The finance minister pointed out that Belarus is intent on diversifying borrowing instruments to avoid dependence on the European market of eurobonds...

Belarus to sell batch of oil products in transit via Russian ports
In 2018 Belarus may export up to 1 million tonnes of oil products via Russian ports, provided the economic terms are gainful... 　

Plans to unveil Belarus-China construction and design institute in January 2018
"During the meeting, the sides came up with specific decisions to complete the establishment of a joint construction and design institute which should become the most innovative design organization in the country"...

Belarusian Mogilevliftmash to start making travelators in 2018
A prototype travelator (a moving walkway) has been made in association with Chinese partners. The product has passed electromagnetic compatibility tests in line with the relevant technical regulations on safe machines and equipment...

Over 60 companies with Azerbaijani capital in Belarus
Rufat Mammadov, the head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), said during the Azerbaijan-Belarus business meeting in Baku. Rufat Mammadov noted that investment cooperation and trade relations between the two countries have been gaining momentum...

Belarus’ Grodno Oblast intends to boost trade with Azerbaijan
"In January-October 2017, the trade turnover between Grodno Oblast and Azerbaijan amounted to $5 million,” he said. “But this figure does not reflect the full potential of our trade relations. I think that we can double and even triple this figure"...

Belarus’ better business climate, new opportunities for investors presented in Berlin
The sides stated with satisfaction the positive dynamics in trade and the emergence of new German investment projects in Belarus, including in the China-Belarus industrial park Great Stone...

Deeper Dnieper River to facilitate cargo transportation between Belarus, Ukraine
The roadmap will be implemented as part of the international project to restore the E40 route. It will be another avenue of Belarusian-Ukrainian cooperation in the development of transport and logistics corridors in the North-South direction using inland waterways...

Belarus, Egypt agree to launch engine assembling
During the meeting with representatives of Egypt’s leading engine producer Helwan Diesel the parties reached an agreement to set up a plant to assemble the most in-demand engines on the Egyptian market...

Belarus’ gold, forex reserves exceed $7.4bn
Belarus’ gold and foreign exchange reserves were bolstered thanks to the budget revenues, including export duties on oil and oil products and revenues from selling government bonds nominated in foreign currency by the central bank and the Finance Ministry...

Belarus to ship $1.4m worth of textile fabrics to Brazil
The parties discussed supplies of fabrics to the Brazilian market, the ways to renew cooperation with Belarusian shirt producers, and expand the assortment of linen fabrics supplied to Brazil...