Business news

Belarus, Russia agree on next year’s schedule for Russian oil deliveries 　
According to the source, Belarus may get 24 million tonnes of Russian oil next year. “The supply balance document is ready. Everything is as we expected — 24 million tonnes”...

Russia's Kursk Oblast plans to conclude agreements on cooperation with Minsk, Vitebsk, Grodno
This year marks 15 years since the agreement on trade, economic, sci-tech and cultural cooperation was signed between the Belarusian government and the administration of Kursk Oblast...

Bulgaria boasts EU’s biggest BelAZ hauler fleet
BelAZ Sofia is BelAZ’s only dealer in Bulgaria, Greece, and Macedonia. The company has been representing the interests of the Belarusian industrial giant for more than 15 years...

Opinion: Entrepreneurship Development Ordinance promotes business initiative
“The head of state and the government make a lot of effort to improve the business climate in Belarus. This is why the adoption of the ordinance meets the needs of today. The time has come to give a new impetus to business development, promote business initiative"...

Belgian company intends to invest in waste recycling plant in Borisov District
The Belgian company intends to build a plant for processing solid municipal waste into diesel fuel and pellets, said Yelizaveta Davelman, the deputy head of investment of the economy committee at the Minsk Oblast Executive Committee...

Belarusian BelAZ to buy more LNG-powered Cummins engines
“I would like the gas component to be present in all the engines of our trucks with the carrying capacity of 90-240 tonnes in 2018-2019. There are also other promising avenues of cooperation, which we are discussing with our partner”...

Belarusian-Kazakh joint venture to offer two new grain harvester models in 2018
The Belarusian-Kazakh joint venture will start offering KZS-575 and KZS-10 models. The new harvesters will be made as a pilot industrial batch. The harvesters will expand the joint venture’s lineup, allowing more flexibility in meeting demands of the local market...

Belarus to share greenhouse production technologies with Egypt
The delegation met with top executives of the Agricultural Bank of Egypt and Banque Misr to discuss the financing of export-import operations and joint projects to foster the development of the agricultural sector of Egypt...

Belarus suggests vocational training center project to Tajikistan
A resource center may be opened at premises of a vocational school in Tajikistan in order to offer advanced training to blue-collar workers...

Belarus to start exporting Gomselmash cotton pickers to Tajikistan in 2018
"We have great and interesting prospects. We will make much headway in industrial cooperation. Then, there are plans to set up a free economic zone between Tajikistan and Afghanistan"...

Belarusian bank wins prestigious Bank of the Year award
"The Bank of the Year award has a big importance on the international arena. It shows the bank’s sustainability, efficiency, and innovativeness. Many international companies entering or working with the Belarusian market pay close attention to such competitions"...

Belarusian develops AI system to control power generator output
By using unconventional approaches such as neuron systems and artificial intelligence the development engineer has been able to improve the generator’s energy efficiency, making the system cheaper and losing less energy...

Belarus, Tajikistan sign agreements in agriculture, science, interregional cooperation
The agreements were concluded between the Belarusian Agriculture and Food Ministry and the Agriculture Ministry of Tajikistan, and also between the National Academy of Sciences of Belarus and the Academy of Agricultural Sciences of Tajikistan...

Belarus offers vehicles, equipment to Tajikistan, eager to buy cotton fiber in return
"We are ready to fully satisfy Tajikistan’s demand for automobiles, road construction machines, mining machines, and other vehicles and machines you may need”...

New company in FEZ Vitebsk to make light aircraft
The multipurpose light aircraft Mercury is designed for business flights and can carry 6-8 people. It can be modified to fit the needs of government agencies such as the Emergencies Ministry and other ones...

Tajikistan to host Belarusian expo, business forum soon
“We have agreed to hold, in the near future maybe in the spring, a large-scale expo of our companies and enterprises in Tajikistan. The idea is to branch out together into the markets of Afghanistan and Pakistan,” the head of state noted...

Belarusian Universal Commodity Exchange plans to boost cooperation with Azerbaijan
During the visit of Deputy Chairperson of the BUCE Board Irina Narkevich to Baku, a memorandum of understanding was signed with Azerbaijan’s Public Association of Councils of Commodity Exchanges...

Belarusian companies to explore joint ventures in Tajikistan
“The situation in your country has improved, including thanks to the great relations with your neighbors, especially with Uzbekistan. There are no more problems in transit. At least, they are being addressed effectively”...

Belarus to sell its linen, cotton products to Brazil
Delivery contracts were signed during the bilateral talks organized as part of the Brazilian-Belarusian business forum and the business matchmaking session...

Mogilev Oblast, South Korea to advance economic cooperation
The governor said that trade between Mogilev Oblast and South Korea has been steadily rising for the last three years. In 2015 South Korea’s share in Mogilev Oblast’s non-CIS trade was as low as 1.3%. In January-September 2017 the figure rose to 3.9%...