Business news

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...

Russia’s Kursk Oblast shows interest in further cooperation with BelAZ
"We consider cooperation with the Belarusian plant as constructive. This is responsible partnership which benefits each party. We are interested in preserving and further developing the relations we have"...

Belarus, Russia’s Kaluga Oblast to step up cooperation in industry, agribusiness, science
Alexander Shumilin views cooperation with Russian regions and regular forums of regions as top-priority avenues of interaction...

Russia's Kaluga Oblast interested in Belarus’ expertise in rural development
“We are actively working on the development of rural settlements. One of the ideas is the construction of so-called agro-towns. We know that similar projects have already been implemented in Belarus"...

Information technologies in customs service to help increase Belarus’ foreign trade
The official said that the Customs Code of the Eurasian Economic Union (EAEU) welcomes such novelties as the introduction of information technologies and digital declarations. The document also provides for mandatory advance information sharing...

Current status of EBRD’s country strategy for Belarus reviewed in Minsk
EBRD noted the highest level of interaction with Belarus in over 25 years of cooperation...

WB projects Belarus’ GDP growth at 2.1% in 2018
"Russia’s moderate economic growth and grwoing prices for raw materials boosted commodity exports and revitalized the domestic business activity, especially in the manufacturing industry. The sector of services also gained momentum"...

Belinvestbank, EBRD plan to implement pilot project to restructure state-owned enterprise
"The Bank plans to take part in this project as a manager. The project will be launched in a matter of months. “I think, we will begin to work in 2 to 3 months. We need some time to get the project approved in the government"...

Belarus, Russia’s Vladimir Oblast to step up cooperation in energy sector
"The parties will discuss issues related to the intesification of regional cooperation in the energy sector, including the gas and peat industry, and also in the agro-industrial complex, housing and utilities services, construction, infrastructure"...

Belinvestbank to get EBRD’s subordinated loan in mid December
"By mid December we expect a subordinated debt facility from the EBRD to the amount of €50 million. The funds will be used to increase the limit on major lending programs, including trade financing"...

Belarusian newsprint mill starts selling newsprint to China
The company exports more than two thirds of the output. The main importers are China, Ukraine, Moldova, Hungary, Poland, Serbia, and Pakistan. In January-October 2017 the export growth rate totaled 113% as against the same period of last year...

Minsk constructors ready for projects of any complexity in Russia’s Kursk Oblast
“Minsk is ready to offer construction services to Kursk Oblast. Our specialists are working in Russia and perform pretty well. This refers to housing construction, in particular. We have started building social facilities, for instance, schools in Oryol Oblast and Vladimir Oblast. We are ready to carry out construction projects of any complexity”...

Chinese-Belarusian technology transfer center set up in China’s Shandong Province
The technology transfer center was established by the Yantai city science and technology office and the Belarusian National Technical University with a view to enabling Belarusian-Chinese joint research and innovation efforts and sharing accomplishments in the sphere of high technologies...

German company starts making boring machines for second Belarusian potash company
Using the shaft boring roadheaders (SBR) to make shafts will be a unique approach for Europe. Such machines have been used only once in Canada. Core components of the SBR machines are being manufactured now. Certain parts are ready for assembly...

Plans to develop driverless truck in Belarus
Driverless transport is expected to experience a surge in development in Belarus in the 2030s. “We’ve developed a draft strategy Science and Technologies: 2018-2040. The document is on the agenda of the second congress of Belarusian scientists...

Gomel Oblast’s export of tourist services up by 27% in January-November 2017
Denis Yezersky noted that the number of foreign visitors coming to Gomel Oblast has been continuously increasing. The five-day visa-free program has contributed to this. Wellness and medical tourism is the most attractive for foreign tourists...

IT sector named among drivers of Belarus’ economic growth in 2018
In January-October 2017, the government and the National Bank met five out of seven key performance targets as well as parameters envisaged by the main directions of the financial policy...