Business news

Belarusian private sector promised lower fines, less frequent seizure of goods
"Plans have been made not to confiscate the entire sum of income as it is done now with regard to, for example, illicit entrepreneurial activities. A certain percentage of this income will be set"...

Belarus to submit national report on NPP stress tests to European Commission in October
Belarus stress tested its nuclear power plant in 2016 using European methods and taking into account recommendations based on the European Commission’s and the European Nuclear Safety Regulators Group’s (ENSREG) specifications...

Installation of second reactor vessel of Belarusian nuclear power plant to begin this autumn
The reactor pressure vessel and the four steam generators of the first power-generating unit have already been installed. The welding of the main circulation line of the first unit is over...

Belarusian scientists design hybrid module for trucks
"Hybrid vehicles do not require infrastructure: they have an on-board battery charger"...

Belarusian SMEs to get access to WB’s loan funds in 2018
According to Yulia Kavetskaya, the World Bank sees the Bank Development of Belarus as a reliable borrower, through which they can support small and medium-sized businesses...

Belarus to welcome IAEA’s next review mission in six months
In the last 12 months Belarus welcomed two important evaluation missions from the IAEA — an Integrated Regulatory Review Service (IRRS) mission in October 2016 and a Site and External Events Design Review Service (SEED) mission in January 2017...

Lebedev: CIS members seek to improve the free trade mechanism
In his words, the FTA has come into force, in general. However, the states parties have been implementing its provisions quite slowly...

Lukashenko supports draft decree on craftsmanship development
The draft decree envisages expanding the list of materials which can be used in crafts and regulates other issues. Today craftsmen can sell their products in places determined by local authorities...

Belarus’ central bank comments on de-dollarization proposal
"We understand that in order to bolster the role of the national currency and stop using foreign ones it is primarily necessary to stabilize the national currency. Everything is being done for this purpose today"...

IMF experts to visit Minsk in October
The IMF mission last visited Belarus on 5-12 June. The IMF experts led by IMF mission chief for Belarus Peter Dohlman met with the government bodies to discuss the economic situation in the country...

Belarus’ central bank does not rule out further cuts in refinancing rate in 2017
"We have recently reduced the refinancing rate. We kept our promise and cut down the refinancing rate when the inflation slowed down"...

China’s People’s Daily launches media center to promote Road and Belt cooperation
Belarus is represented by the Belarusian news agency BelTA, the publishing house Zvyazda and the Respublika newspaper...

Minsk to host high-level conference on financial education in CIS on 19 September
The OECD is steering and managing the three-year Technical Assistance Project on Financial Education in the Commonwealth of Independent States (CIS) with the financial support of the Ministry of Finance of Russia...

Belarus, European Commission agree on time for peer review of nuclear power plant stress tests
Belarus stress-tested its nuclear power plant in 2016 using European methods and taking into account recommendations based on the European Commission’s and the European Nuclear Safety Regulators Group’s (ENSREG) specifications...

Polish Atomic Energy Agency gets familiar with BelNPP construction
During the visit to Ostrovets the PAA representatives got acquainted with the construction of the plant, oversight procedures at the site and the results of the IAEA Site and External Events Design (SEED) mission...

Grodno to host Euroregion Neman 2017 trading show 21-23 September
"Over 300 foreign guests are expected to attend the exhibition. Among them will be delegations from several Russian regions, China, Kazakhstan, Lithuania, Poland, Azerbaijan and Romania"...

EU plans to allocate €14.5m to support entrepreneurship in Belarus
The agreement is part of the 2014-2017 long-term indicative program for Belarus adopted by the EU in 2014 with a view to providing assistance in social policy, environment protection and economic growth at the local level...

ODS consumption in Belarus down almost 60 times over 30 years
Belarus fulfills all commitments under the international agreements in the field of the protection of the ozone layer...

First batch of Chinese armored vehicles delivered to Belarus
The first batch of ten CS/VN3 Dragon armored vehicles has recently been delivered to Belarus. China has also supplied Belarus with thirty DongFeng Warrior all-terrain vehicles...

EBRD advocates elimination of cross-subsidies in housing, utilities in Belarus
"People are beginning to embrace a more responsible attitude towards resources (energy, water, and heat), because they should now think about the prices for all these things"...