Business news

Belarus’ export up 18.2% in January-September 2017
In January-September 2017, Belarus’ foreign trade in goods and services amounted to $51.617 billion (up by 18.6% from the same period a year prior). Export of goods and services totaled $26.025 billion (up 18.2%); import made up $25.592 billion (up 18.9%)...

Latvian, Polish delegations to attend innovative entrepreneurship forum in Vitebsk Oblast
The projects the forum will feature will be related to economy, healthcare, energy and resource saving, information technologies, and other areas. They have been shortlisted and are of certain interest for companies. The best projects will be lauded by the organizers...

Bulgaria invites Belarus to carry out joint projects in automotive industry
The deputy minister underlined that around 80 companies with Bulgarian capital operate in Belarus today. They primarily focus on dairy production, agriculture, and restaurant business...

Belarus’ central bank to take small steps to reduce key interest rate in 2018
Summing up results of January-September 2017, the NBRB representative drew attention to positive changes in economy and monetary management, in particular, the gradual resumption of business activity in Belarus...

Geely tire production launched in Bobruisk
"The tread pattern of the tire ensures stability and roadability. We, first of all, care about the safety and comfort of motorists"...

Belarusian, Russian ecologists continue monitoring Ostrovets nuclear power plant construction
The current measurements match the natural background in this territory, noted Alan Khasiyev. Apart from that, samples of soil and samples of water from the Viliya River were taken. They will be studied by a lab in Moscow...

Belarusian technology to make space mirror materials developed
“One of the technologies we have developed is used in aerospace industry. It is a technology for making intermediate products out of silicon carbide. A specialized shop is being set up now to make silicon carbide intermediate products as well as composite materials for optical mirrors for space equipment...”

IMF improves Belarus’ economic growth forecast for 2017
"The government had to take a number of difficult decisions, including the measures to toughen the fiscal policy and to ensure the further liberalization of consumer prices. As a result, we again see an increase in consumption and investment, a stable exchange rate"...

Belarusian products on display at Expo Pakistan
Expo Pakistan is the largest exhibition of Pakistan. In 2015 it featured 500 local companies and more than 700 exhibitors from 77 countries...

Belshina launches tire sales to Kuwait, Cameroon, Oman
"The first batches of tires to these countries are small. We hope, however, to increase and expand the assortment of the export and long-term cooperation"...

EBRD revises up 2017 growth forecast for Belarus
According to the Bank, in 2018 the Belarusian economy will expand by 2%...

First batch of MAZ low-floor buses arrives in Hanoi
A ceremony to deliver the first batch of MAZ-103 low-floor buses to the state transport corporation Transerco, the key passenger carrier in Hanoi, took place on 7 November...

Huawei to pay more attention to R&D in Belarus
According to the source, information and communication technologies have drastically changed people’s lives in the last ten years. It is obvious that the positive changes will become even more substantial very soon...

Belarus to continue efforts to improve positions on Doing Business list
"This year Belarus performed better across all indicators but one. But other countries also improve their positions and undertake reforms. Doing Business is, in fact, a competition of legislation and administrative procedures"...

Association of Italian entrepreneurs Set up in Belarus
"Our goal was to set up a non-profit organization which would contribute to the increase of the Italian business presence in Belarus and would add the Italian flavor and manner of doing business to local business"...

American company to develop driverless car technologies in Minsk
Mapbox has been successfully working with developers in the city for the past 18 months and felt the timing was right to expand the company’s investment there. The company intends to set up shop in the Hi-Tech Park in Minsk...

Belavia’s IOSA certificate extended
The International Air Transport Association (IATA) has renewed Belavia’s IATA Operational Safety Audit (IOSA) registration until 2 November 2019...

Belarus’ dairy export projected at $2bn in 2017
Belarusian dairy products are sold into 23 countries, meat products into 18 countries. "Thirty-six dairy factories have been certified to supply goods to the Chinese market. The exports to that country surged 20 times this year as against the same period a year prior"...

Belarus’ central bank, EC to sign agreement under Twinning program
The EU’s Twinning aims to provide long-term (up to two years) technical support to the public administrations of the EU neighbors in harmonization with the EU legislation...

Belarus’ National Bank plans to switch to inflation targeting by 2020
"I hope that by 2020, when inflation reaches 5%, we will have a sound monetary policy, namely inflation targeting"...