Business news

National Bank, IT community develop framework of Belarus’ instant payment system
"We have worked out the framework of this system together with the banking IT community. The system will boast such advantages as available operating mode and tariffs, instant money transfer, and irrevocable payment"...

Belarusian, Russian bike manufacturers to team up
"The scale of the joint venture will depend on these conditions. If they are available, then we are talking about building eight industrial enterprises in Belarus and Russia within two to three years"...

Belarus-China Midea Horizont plans to double microwave production
“Midea Horizont now produces 1.1 million microwaves a year. There are plans to double the production output to exceed 2 million items a year (almost 70% of the CIS market). We can handle this task,” Yuri Predko remarked...

Belarusian MTZ ships first compact tractors to Colombia
In line with the contract with the Colombian company MTZ INGENIERIA SAS two Belarus 321 tractors went to South America. The tractors were chosen as the best fit for Colombian farmers...

Belarus’ dairy exports to China up 12 times in January-September 2017
“In January-September, the exports of dairy products to China surged 12 times to exceed $4.5 million. This is a small share of our total exports but we have tapped into the Chinese market just recently,” Aleksei Bogdanov said...

Kobyakov: Belarus is interested in tourism projects with Europe, China
Andrei Kobyakov put forward an initiative on creating a tourism corridor that would connect sixteen Central and Eastern European countries and China via Belarus...

Belarusian chamber of commerce to participate in over 200 international events in 2018
Vladimir Ulakhovich named Brazil among the promising markets. A Belarusian business delegation will take part in the joint business forum due in Sao Paulo on 29 November. "This is a remote but very large market. There is something we can offer to our partners"...

Entrepreneurship Development Ordinance expected to invigorate Belarusian retail, public catering
Many representatives of the private sector and potential businessmen will feel more confidence thanks to the Entrepreneurship Development Ordinance. The declarative principle of business registration allows registering one’s own business within one day...

Belarus interested in joint projects with France in agriculture, biotechnology
During the negotiations, the sides discussed the intensification of Belarus-France trade, economic, interparliamentary, and humanitarian ties. A proposal was brought forward to give a boost to partnership in science and technology...

First products from China-Belarus industrial park Great Stone in 2019
Participants of the session discussed target markets for the industrial park’s products. "We can sell high-tech products in the Eurasian Economic Union and the European Union"...

Pakistan interested in Belarus’ animal breeding technologies
Chairman of Pakistan’s Agricultural Research Council Yusuf Zafar noted as he met with Ambassador Extraordinary and Plenipotentiary of Belarus to Pakistan Andrei Yermolovich...

Another two resident companies in Belarus-China industrial park
The total number of Great Stone resident companies now stands at 23, four of them being Belarusian enterprises. "We always advertise Great Stone as an industrial project, this is why its geography has been expanding"...

Gomel Oblast gross regional product up 2.5% in January-October 2017
Gomel Oblast Governor Vladimir Dvornik reported to Belarus President Alexander Lukashenko who is in Gomel Oblast on a working trip on 24 November...

Second stage of Belarus-China public welfare housing construction project launched
A ceremony to launch the second stage of the public welfare housing construction project took place in Smolevichi, Minsk Oblast on 24 November. A time capsule was buried at the construction site where a seven-story building will rise...

China earmarks 40m yuan for Usha River restoration project
"This project is very important for the Belarus-China industrial park Great Stone. It involves China’s technical assistance"...

Belarusian business invited to take part in Ecuador’s investment projects
Ecuador’s Ambassador to Belarus Carlos Larrea Davila and Deputy Chairman of the Belarusian Chamber of Commerce and Industry Sergei Nabeshko presented a catalogue of priority investment projects implemented in Ecuador...

Big Austrian company may build wood processing plant in Grodno Oblast
The FEZ Grodnoinvest administration signed a protocol of intent with Austria’s SPB Industrieinvest GmbH. The agreement is designed to boost the investment activity in the free economic zone...

Belarus to help improve coal mining, coal transportation on Russia’s Sakhalin
"Proposals to improve coal mining and transportation methods, which are being prepared in Belarus, can greatly improve the infrastructure of the island’s coal company and give a powerful impulse to the development of the coal mining industry in the region as a whole"...

Geographic feature status for components of China-Belarus industrial park Great Stone
In particular, parts of the road network, streets, squares, parks and other components of the China-Belarus industrial park Great Stone will be treated as geographic features...

Alternative to Gazprom in natural gas deliveries to Belarus possible as from 2025
"The program provides for buying gas on different platforms or through various purchase options like exchange trade or long-term contracts with natural gas producers"...